PREPARATION AND SUBMISSION OF BUDGET

Section 50. Not less than forty-five (45) days prior to the beginning of each fiscal year, the city manager shall submit to the council a proposed budget, which budget shall provide a complete financial plan for the fiscal year, and shall contain the following:

(1)

A budget message, explanatory of the budget, which message shall contain an outline of the proposed financial policies of the city for the fiscal year, shall set forth the reasons for salient changes from the previous fiscal year in expenditures and revenue items, and shall explain any major changes in financial policy.

(2)

A consolidated statement of receipts and expenditures of all funds.

(3)

An analysis of property valuations.

(4)

An analysis of tax rate.

(5)

Tax levies and tax collections by years for at least five years or, if records for five years are not available, then for as many years as are available.

(6)

General fund resources in detail.

(7)

Summary of proposed expenditures by function, department, and activity.

(8)

Summary of proposed expenditures by character and subject.

(9)

Detailed estimates of expenditures shown separately for each activity to support the summaries No. 7 and 8 above. Such estimates of expenditures are to include an itemization of positions showing the number of persons having each title and the rate of pay.

(10)

A revenue and expense statement for all types of bonds.

(11)

A description of all bond issues outstanding, showing rate of interest, date of issue, maturity date, amount and authorized, amount issued, and amount outstanding.

(12)

A schedule of requirements for the principal and interest of each issue of bonds.

(13)

A special funds section.

(14)

The appropriation ordinance.

(15)

The tax levying ordinance.

(Amend. of 5-11-13)