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• Section 7.07. Enforcement of the Budget. The City Council shall enforce strictly the <br /> provisions of the budget. It shall not authorize any payment or the incurring of any obligation <br /> by the City, unless an appropriation has been made in the budget resolution, and there is a <br /> sufficient unexpended balance after deducting the total past expenditures and encumbrances <br /> against the appropriation. No officer or employee of the City shall place any order or make any <br /> purchase except for a purpose and to the amount authorized in the budget resolution. Any <br /> obligation incurred by any person in the employ of the City for any purpose not authorized in <br /> the budget resolution, or for any amount in excess of the amount authorized, shall be a personal <br /> obligation upon the person incurring the obligation. No check shall be issued or transfer made <br /> to any account other than one owned by the City until the claim to which it relates has been <br /> supported by an itemized bill, payroll, or time sheet or other document approved and signed by <br /> the responsible City officer who vouches for its correctness and reasonableness. <br /> Section 7.08. Alterations in the Budget. After the budget resolution has been adopted, <br /> the Council shall not increase the amounts fixed in the resolution beyond the estimated receipts <br /> except to the extent that actual receipts exceed the estimate. At anytime the Council may, by <br /> resolution approved by a majority of its members, reduce the sums appropriated for any purpose <br /> by the budget resolution, or authorize the transfer of sums from unencumbered balances of <br /> appropriations in the budget resolution to other purposes. <br /> Section 7.09. Funds. There shall be maintained in the City treasury a general fund and <br /> such other funds as may be required by state law, ordinance, or resolution. The Council may, <br /> by resolution or ordinance, make inter-fund loans, except from trust and agency funds, as it may <br /> deem necessary and appropriate. <br /> Section 7.10. City Indebtedness. <br /> Subdivision 1. Except as provided in Sections 7.11 and 7.12,no obligation shall be issued <br /> to pay current expenses, but the Council may issue and sell obligations for any other municipal <br /> purpose in accordance with state law and within the limitations prescribed by law. Except in the <br /> case of obligations for which an election is not required by this Chapter or by state law, no such <br /> obligations shall be issued and sold without the approval of the majority of the voters voting on <br /> the question at a general or special election. <br /> Subdivision 2. A description of each such proposed issue shall be published in the City <br /> Newsletter, but failure to give such description, or any defect in the description, shall not <br /> invalidate the issue. <br /> Section 7.11. Anticipation Certificates. At anytime after January 1, the Council may <br /> issue certificates of indebtedness in anticipation of state and federal aids and the collection of <br /> taxes levied the previous year for any fund and not yet collected. The total amount of certificates <br /> issued against any fund for any year together with interest thereon until maturity shall not exceed <br /> 90% of the total state and federal aids and current taxes due to the fund and uncollected at the <br /> time of issuance. Such certificates shall be issued on such terms and conditions as the Council <br /> may determine, but they shall become due not later than April 1 of the year following their <br /> issuance. The proceeds of the tax levied and such state or federal aids as the governing body <br /> City of Mounds View <br />