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ti <br /> Revised by L. Schley <br /> June 2, 1993 <br /> CHAPTER 7 <br /> TAXATION AND FINANCES <br /> Sec. 7.01. Council to Control finances. The council shall have has full authority over the financial <br /> affairs of the city except as limited or prohibited by the state constitution, state laws, or this charter. It shall <br /> provides for the collection of all revenues and other assets, and the auditing and settlement of accounts. It <br /> shall further also provides for the safekeeping and disbursement of public moneys monies by the city treasurer. <br /> Sec. 7.02. Fiscal Year. The fiscal year of the city shall be is the calendar year. <br /> Sec. 7.03. System of Taxation. --e•:- - - _ -e• - -•, -•- - --- - - -•---• - ' - -law;The council shall have has full power to provide by ordinance for a system of local taxation as permitted by <br /> law. This authority includes the power by ordinance to assess, levy, and collect taxes on all subjects or objects <br /> of taxation except as limited or prohibited by the state constitution., by this charter or by state laws imposing <br /> Sec. 7.04. Submission of Budget. <br /> Subdivision 1. Am ally The clerk-administrator-s 1,must submit annual budget estimates to the <br /> council the budgot estimates in accordance with a budget calendar le-be established by resolution. The budget <br /> eball must provide a complete financial plan for all city funds and activities for the ensuing fiscal year aro <br /> except as required by state law or this charter, shall be in such form as the council may require in a form as <br /> prescribed by ordinance and state law. It shall includes a summary and show in details all estimated income <br /> and all proposed expenditures, including debt service and comparative figures for the current fiscal year, actual <br /> and estimated, and the preceding year. • --- - - - --- -- - --•-• - - - - -• --- - •-• , It <br /> ehalf must also show proposed capital expendituresduring for the year and their proposed method <br /> of financing each such capital expenditure. The total proposed operating budget to be provided from the <br /> property tax shall may not exceed the amounts authorized by state law and this charter. Consistent with these <br /> aaw <br /> Subd. 2. - -- - --- - -- - - --- - -- - - -- <br /> __•_• _ _ •• _ _ •_ - e: - ---- - - -- -- - - --- -'__ . An annual budget must be prepared for <br />