06-22-1993 - Laserfiche WebLink

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Revised by L. Schley June 2. 1993 • CHAPTER 7 TAXATION AND FINANCES Sec. 7.01. Council to Control finances. The council shall have has full authority over the financial affairs of the city except as limited or prohibited by the state constitution, state laws, or this charter. It shall provides for the collection of all revenues and other assets, and the auditing and settlement of accounts. It shall further also provides for the safekeeping and disbursement of public moneys monies by the city treasurer. Sec. 7.02. Fiscal Year. The fiscal year of the city shall bo is the calendar year. Sec. 7.03. System of Taxation. Subject to the-state coastitation, aad except as forbidden by it or state 4aw-The council shall have has full power to provide by ordinance for a system of local taxation as permitted by law. This authority includes the power by ordinance to assess, levy, and collect taxes on all subjects or objects of taxation except as limited or prohibited by the state constitution.. - '-' - -- - - -- - - __ _ restrictions upon the city irrespective of charter provisions. Sec. 7.04. Submission of Budget. Subdivision 1. Annually The clerk-administrator sha# must submit annual budoet estimates to the council the budget octimatos in accordance with a budget calendar le-be established by resolution. The budget srhatl.must provide a complete financial plan for all city funds and activities for the ensuing fiscal year asst. =- - - -- - - - - - - -- - - -- - '-- - - - -- - in a form as prescribed by ordinance and state law. It shall includes a summary and show ir}details all estimated income and ail proposed expenditures, including debt service and comparative figures for the current fiscal year, actual and estimated, and the preceding year. In addition to showing proposed expenditures for current operations, It sail must also show proposed capital expenditures to be made during for the year and their proposed method of financing each such capital expenditure. The total proposed operating budget to be provided from the property tax shall may not exceed the amounts authorized by state law and this charter. pfo isioes 0;e St4dget shall-contest such information and be in the form prescribed by-ordinance and by state taw- Subd. 2. For each utility operated by the city, its budget shall show anticipated net surplus or deficit • and the proposed method of its disposition; and subsidiary budgets for Daeh such utility giving income and t.: _ _ _ - _ - _ _ - _ __ _ _ __ et. _ ____ _'-_ . An annual budoet must be orepared for •