Sec. 5-8. - Expenditures proposed.

The proposed expenditures shall be itemized in such form and to such extent as shall be provided by law, and in the absence of such provision, by regulations established by ordinance. Separate provision shall be included in the budget for at least: (1)

Interest, amortization and redemption charges on the public debt for which the faith and credit of the City is pledged;

(2)

Other statutory expenditures;

(3)

The payment of all judgments;

(4)

The amount by which the total receipts of miscellaneous revenues in the last completed fiscal year failed to equal the total of the budget estimates of receipts from miscellaneous revenues in that year;

(5)

An amount equal to the aggregate of all taxes levied for the third fiscal year prior to the budget year which are delinquent and outstanding on the sixtieth day prior to the beginning of the budget year, except to the extent the City may have made provision therefor by reserving the full amount of said delinquent taxes;

(6)

An amount equal to the aggregate of all cancellations, remissions, abatements and refunds of taxes, that have been made during the current fiscal year;

(7)

An amount equal to the aggregate of all special revenue notes which it is estimated will be outstanding at the end of the current fiscal year in anticipation of the collection of revenues other than the property tax;

(8)

An amount equal to the aggregate of all emergency notes which it is estimated will be outstanding at the end of the current fiscal year;

(9)

If the City is required to make up the deficit arising from the operations of utility or other public service enterprises, an amount equal to the deficit from such operations during the last completed fiscal year, separately stated for each utility or other public service enterprise which appears in a separate section of the budget;

(10)

Administration, operation and maintenance of each office, department or agency of the City itemized by character and object of expenditure;

(11)

Contingent expense in an amount not more than three (3) per centum of the total amount pursuant to subsection (10) of this section;

(12)

Expenditures proposed for capital projects.