Laserfiche WebLink
9. The appropriation ordinance. <br />10. The tax -levying ordinance. <br />b. Attachments to budget. <br />1. Budget message. The city manager shall prepare a budget message which shall be submitted with the <br />budget. It shall contain an outline of the proposed financial policies of the city for the fiscal year and describe in <br />connection therewith the important features of the budget plan. It shall set forth the reasons for salient changes <br />from the previous years in expenditures and revenue items and shall explain any major changes in financial <br />policy. <br />2. Supporting schedules. Attached to the budget shall be such supporting schedules, exhibits and other <br />explanatory material, in respect to both current operations and capital outlays, as the city manager shall believe <br />useful to council. <br />3. Comparison tables. The city manager may prepare tables in which various items may be compared with <br />those of previous years and shall attach such to the budget. <br />(a) Anticipated revenues. In parallel columns opposite the several items of revenue, there shall be <br />placed the actual amount of such item for the first six (6) months of the current year, the budgeted amount <br />for the current fiscal year, and the proposed amount for the ensuing fiscal year. <br />(b) Proposed expenditures. The proposed expenditures for the administration, operation, maintenance <br />and capital outlay of each office, department or agency of the city shall be itemized by character and <br />object. In parallel columns opposite the various items of expenditures, there shall be placed the actual <br />amount of such items of expenditures for the last completed fiscal year, the estimated amount for the <br />current fiscal year and the proposed amount for the ensuing fiscal year. <br />c. Balanced budget. The total estimated expenditures of the general fund and debt service fund shall not exceed the <br />total estimated resources of each fund (prospective income plus cash on hand). The classification of revenue and expenditure <br />accounts shall conform to the uniform classification as promulgated by the Governmental Accounting Standards Board and <br />Generally Accepted Accounting Principles. <br />Section 17. That pursuant to the Charter Amendment Election, Proposition Twenty-one, Section <br />4.03 of the La Porte Charter is amended to read as follows: <br />4.03. - Budget adoption. <br />a. Publication of notice of public hearing. At the meeting of city council at which the budget and attachments are <br />submitted, council shall determine the place and time of the public hearing on the budget, and shall cause to be published a <br />notice of the place and time, not less than ten (10) days after date of publication, at which council will hold a public hearing. <br />b. Public hearing. At the time and place so advertised, or at any time and place to which such public hearing shall from <br />time to time be adjourned, city council shall hold a public hearing on the budget as submitted, at which all interested persons <br />shall be given an opportunity to be heard, for or against the estimates or any item thereof, <br />c. hate required for adoption. The budget shall be adopted by the favorable votes of at least a majority of all members of <br />the whole council. <br />d. Adoption. The budget shall be finally adopted not later than the last day of the fiscal year. Should council take no final <br />action on or prior to such day, the budget as submitted by the city manager shall be deemed to have been finally adopted by <br />council. <br />Upon final adoption, the budget shall be in effect for the fiscal year. <br />19 <br />