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CHAPTER 7 <br /> TAXATION AND FINANCES <br /> Section 7 . 01 Council to Control Finances . The Council has <br /> full authority over the financial affairs of the City except as <br /> limited or prohibited by law, or this Charter. It provides for the <br /> collection of all revenues and other assets, and the auditing and <br /> settlement of accounts . It also provides for the safekeeping and <br /> disbursement of public monies by the City Treasurer. <br /> Section 7 . 02 Fiscal Year. The fiscal year of the City is <br /> the calendar year. <br /> Section 7 .03 System of Taxation. The Council has full power <br /> to provide by ordinance for a system of local taxation, to assess, <br /> levy, and collect taxes on all subjects or objects of taxation, <br /> except as limited by law or this Charter. <br /> Section 7 . 04 Submission of Budget. The Clerk-Administrator <br /> must submit an annual budget request to the Council in accordance <br /> with a budget calendar established by resolution. The budget must <br /> provide a complete financial plan for all City funds, including <br /> utilities and activities for the ensuing fiscal year in a form <br /> prescribed by ordinance or law. It includes a summary, and details <br /> estimated income and proposed expenditures, including debt service <br /> (94-2)21 <br />