§ 8.6. Budget control.  


Latest version.
  • (a)

    Except for purposes which are to be financed by the issuance of bonds or by special assessments, or for other purposes not chargeable to a budget appropriation, no money shall be drawn from the treasury of the city, except in accordance with an appropriation for such purpose, nor shall any obligation for the expenditure of money be incurred without an appropriation covering all payments which will be due under such obligation during the fiscal year. The council only, by resolution adopted by the affirmative vote of not less than six of its members, may appropriate funds in the hands of the treasurer or transfer any unencumbered appropriation balance, including the contingent account of the general fund of the city or any portion thereof from any account, department, or agency to another.

    (b)

    Expenditures shall not be charged directly to the contingent account. Instead, the necessary part of the appropriation from such account shall be transferred to the appropriate account and the expenditure then charged thereto.

    (c)

    During each month, the controller shall submit to the council data showing the relation between the estimated and actual revenues and expenditures to the end of the preceding month; and, if it shall appear that the revenues are less than anticipated, the council may, by resolution, reduce appropriations, except amounts required for debt and interest charges, to such a degree as may be necessary to keep expenditures within the revenues.

    (d)

    Within thirty days following the end of each fiscal year, the mayor shall file with the council a schedule of all encumbrances upon the budget appropriations existing at the end of the fiscal year, with his recommendations as to whether such encumbrances shall be paid from such budget appropriations or from the budget of the next fiscal year. The council shall determine from which appropriations such encumbrances shall be paid. The remaining balance in any budget appropriation, at the end of each fiscal year, except for the payment of indebtedness evidenced by bonds or notes of the city and interest thereon, shall revert to the contingent account of the general fund.