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• complete financial plan for all city funds , including utilities, and activities for the ensuing fiscal year and emeept-as-requAred-by-state-law-er-this-eharber;-sha++-be-gin saeh-farm-as-the-eeane+i-may-regare in a form as prescribed by ordinance and state law. It sha++ includes a summary and chew-in details all estimated income and all proposed expenditures, including debt service and comparative figures for the current fiscal year, actual and estimated, and the preceding year. In-add en-be-shew ng-prepesed expend bares-fuer-earrent-eperatAens; It sha++ must also show proposed capital expenditures te-be-made-daring for the year and their proposed method of financing eaeh-sueh-eap ta+ expendtane. The total proposed operating budget to be provided from the property tax shall not exceed the amounts authorized by state law and this charter. eensistent-w bh these-prey.is4ens;-the-budget-shaI+-eenta n-saeh-4nermatAen and-be-gin-the-farm-preser4bed-by-erd.inanee-and-by-abate-+aw- Sabd--2---Fer-eaeh-atity-eperabed-by-the-a.ity;-4ts • budget-aha+l-shew-ant eipated-net-sarp+as-er-de ieit-and-the prepesed-methed-a€-4ts-diapeaitient-and-subs duty-budgets fuer-eaeb-saeh-at ty-giving- neeme-and-empenditure .infermatAen-aha++-be- neiaded-er-attaehed-as-append4ees- Sec. 7 .05. Long-term Financial Plan. Subdivision 1. The city council aha+I-have must prepared a long-term financial plan commencing in the calendar year 1980. The city council sha++ must hold a public hearing on the long-term financial plan and adopt it by ordinance with or without amendment. The financial plan aha++ consists of four three elements as specified in subdivisions 2-54 which follow. Subd. 2 . A Long-term Revenue Plan Pregram. This plan pregram aha++ consists of a tentative revenue policy which describes long-term plans for financing public services and capital improvements. • 2