ARTICLE VII. - BUDGET ORDINANCE

Footnotes:

--- (20) --- Editor's note— Ch. 770, § I, adopted June 2, 2020, set out provisions intended for use as art. VII, §§ 2-283—2-285. Inasmuch as there were already provisions so designated, said provisions have been codified herein as art. VII, §§ 2-291—2-293 at the discretion of the editor.

Sec. 2-291. - Timelines for presentation and passage of the budget ordinance.#

(a)

The mayor shall submit to the council a budget and explanatory message to the council at least 70 days prior to the beginning of the next fiscal year. Upon written request of the mayor, the city council may grant the mayor additional time to submit the budget proposal for good cause shown and upon the affirmative vote of four council members.

(b)

The city council shall take a final action on the budget ordinance at least 14 days prior to the end of the fiscal year.

(1)

A "final action" is defined as a vote by a quorum of the council at a duly noticed public meeting.

(c)

The council shall be furnished with a final updated copy of the certified budget within 30 days passage of the budget ordinance.

(Ch. 770, § I, 6-2-20; Ch. 778, § I, 9-1-20)

Sec. 2-292. - Financial review committee.#

(a)

There shall be a financial review committee whose duty shall be to review the financial records, budgetary concerns, and other issues of fiscal import.

(1)

The financial review committee shall take no actions that are binding upon the City.

(2)

The financial review committee shall have the authority to seek the expertise of consultants.

a.

Any expenditure of funds related thereto must be approved by the mayor or the council.

(3)

The financial review committee may make requests of the mayor or the council for information, including, but not limited to, requests that the mayor or the council make certain personnel available to give presentations regarding fiscal issues.

(b)

The financial review committee shall meet at least quarterly.

(c)

The financial review committee shall publicly issue a quarterly update regarding status of capital projects and requests for capital funding.

(d)

The financial review committee shall be comprised of the following:

(1)

The mayor or the mayor's designee.

(2)

The council president or the council president's designee.

(3)

The finance director.

(4)

The planning director.

(Ch. 770, § I, 6-2-20)

Sec. 2-293. - Annual capital projects presentation.#

(a)

The financial review committee shall make an annual presentation to the council at least 90 days prior to the end of the fiscal year. During said presentation, the financial review committee shall:

(1)

Provide a status report as to all capital projects.

(2)

For any completed capital projects, present the council with a resolution that closes out said completed project, de-authorizes any remaining appropriations, and appropriately transfers all remaining unspent funds.

(3)

Make proposals as to future capital projects.

(Ch. 770, § I, 6-2-20)