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budget. Section 7. 07 Enforcement of the Budget. The City Council enforces the provisions of the budget. It cannot authorize any payment or the incurrence of any. obligation by the City, unless an appropriation has been made in the budget resolution, and there is a sufficient unexpended balance after deducting the total past expenditures and encumbrances against the appropriation. No officer or employee or the City may spend any funds unless authorized in the budget resolution. Any obligation incurred by any employee of the City for any purpose not authorized in the budget resolution, or for any amount in excess of the amount authorized, will be a personal obligation incurred by the employee. No check may be issued or transfer made to any account other than one owned by the City until the claim to which it relates has been supported by an itemized bill, payroll, or time sheet or other document approved and signed by the responsible City officer. Section 7 . 08 Alterations in the Budget. After the budget resolution has been adopted, the Council may not increase the amounts fixed in the resolution except to the extent that actual receipts exceed the estimate. At any time the Council may, by resolution approved by a majority of its members, reduce the sums appropriated for any purpose by the budget resolution, or authorize the transfer of sums from unencumbered balances of appropriations in the budget resolution to other purposes. Section 7 . 09 Funds. There must be maintained in the City treasury a general fund and such other funds as may be required by State Law, ordinance; or resolution. The Council may, by resolution or ordinance, make inter-fund loans, except from trust and agency funds, as it deems necessary and appropriate. Section 7 . 10 City Indebtedness. Subdivision 1. Except as provided in sections 7. 11 and 7. 12 , no obligation may be issued to pay current expenses, but the Council may issue and sell obligations for any other municipal purpose in accordance with State Law. Except in the case of obligations for which an election is not required by this Charter or by State Law, no such obligations may be issued and sold without the approval of the majority of the voters voting on the question at a general or special election. Subdivision 2 . A description of proposed certificates must be published in the City newsletter or the City newspaper, but failure to give such description, or any defect in the description, cannot invalidate the certificate. Section 7 . 11 Anticipation Certificates. At any time after January 1, the Council may issue certificates of indebtedness in [95-1] 13