§ 8.02. Preparation and submission of budget.

The city council shall be responsible for a proposed budget to be prepared under the direction of the city manager and submitted to them by August of each year for the following year, which budget shall provide a complete financial plan for the fiscal year, and shall contain the following:

(a)

A budget message, explanatory of the budget, 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 expenditure and revenue items, and shall explain any major changes in financial policy.

(b)

A consolidated statement of anticipated receipts and proposed expenditures for all funds.

(c)

An analysis of property valuations.

(d)

An analysis of tax rates.

(e)

Tax levies and tax collections by years for at least the preceding five (5) years.

(f)

General fund resources in detail.

(g)

Special fund resources in detail.

(h)

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

(i)

Detailed estimates of expenditures shown separately for each activity to support summary (h) above.

(j)

A revenue and expense statement for all types of bonds.

(k)

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

(l)

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

(m)

The appropriation ordinance.

(n)

The tax levying ordinance.

(Approved at referendum 8-13-94)