Laserfiche WebLink
02/23/93 09:51 P05 <br /> Section 56 -URCHASES AND CONTRACTS. The city manager shall be chief <br /> purc g agent of the city. All purchases and contracts on behalf of the <br /> city shall be made by the city manager, but subject to the approval of the city <br /> council whenever the amounts of such purchases or contracts exceeds S3,000,00. <br /> All contracts of any kind to 'which the city is a party exceeding $3,000 and <br /> instruments for the conveyance of any real estate by the city shall be signed <br /> by the mayor and the city manager on behalf of the city and shall be executed <br /> in the name of the city. <br /> Section 37. CONTRACTS, HOY LET. All contracts of the city shall be let in <br /> accordance with the Uniform Municipal Contracting Law of the State of <br /> Minnesota, Further regulations for the taking of bids and letting of contracts <br /> may be made by ordinance. <br /> CHAPTER 7 <br /> TAXATION AND FINANCE <br /> Section 58, COUNCIL TO CONTROL FINANCES. The council shall have full <br /> authority over the financial affairs of the city, and shall provide for the <br /> collection of all revenues and other assets, the auditing and settlement of <br /> accounts, and the safekeeping and disbursement of public monies, and in the <br /> exercise of a sound discretion shall make appropriation for the payment of all <br /> liabilities and expenses. <br /> Section 59. FISCAL YEAR. The fiscal year of the city shall end each year <br /> on the 31st day of December. <br /> Section 60. TAXATION. Except as provided in this charter, the general <br /> laws of the state relating to taxation shall apply in this city. <br /> Section 61. BOARD OF EQUALIZATION. The council shall constitute a board <br /> of equalization and shall annually meet as such in the usual place for holding <br /> council meetings at a time set by the council to equalize assessments according <br /> to law. <br /> 4141511° PREPARATION OF THE BUDGET. The city manager shall prepare the <br /> .r the annual budget. The proposed budget shall be consistent with <br /> generally accepted accounting principles and shall contain estimates of reve- <br /> nue, itemized estimates of expenditures for both the current fiscal year and <br /> the ensuing fiscal year, comparisons with the revenues and amounts expended <br /> 14 <br /> 03-10-91 <br />