§ 2-108. Annual budget; appropriations.

(a)

An annual budget and an appropriations resolution shall be adopted by the mayor and council prior to the first day of the fiscal year. However, if for good and sufficient reasons the budget cannot be adopted by the first day of the fiscal year, the budget shall be adopted not later than 45 days subsequent to the beginning of the fiscal year. If the budget and the appropriations resolution are not adopted prior to the beginning of the fiscal year, this section automatically authorizes the continuation of necessary and essential expenditures to operate the city. The budget as adopted shall be a balanced budget with anticipated revenues, including appropriated unencumbered surplus, equal to appropriated expenditures.

(b)

The city manager shall administer the budget, being responsible to the council for same, and may authorize the transfer of appropriated funds within and between departments with the approval of council as necessary to achieve the goals of the budget.

(Code 1982, § 3-1-2; Ord. No. 369, § 3-1-2, 12-11-92; Ord. No. 372, § 3-1-2, 4-9-93)