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Revised by Laurie Schley <br /> • November 6, 1993 <br /> CHAPTER 7 <br /> TAXATION AND FINANCES <br /> Sec. 7 .01. Council to Control finances. The council <br /> shall-have has full authority over the financial affairs of <br /> the city except as limited or prohibited by the state <br /> constitution, state laws, or this charter. It sha+} <br /> provides for the collection of all revenues and other <br /> assets, and the auditing and settlement of accounts. It <br /> shah-€afthei also provides for the safekeeping and <br /> disbursement of public moneys monies by the city treasurer. <br /> Sec. 7 .02 . Fiscal Year. The fiscal year of the city <br /> shall-be is the calendar year. <br /> Sec. 7.03 . System of Taxation. Subjeet-to-the-state <br /> eenstitutien;-enol-emeept-as-fort dden-icy-it-er-state-lana; <br /> The council shall-have has full power to provide by <br /> ordinance for a system of local taxation as permitted bv <br /> law. This authority includes the power by ordinance to <br /> assess, levy, and collect taxes on all subjects or objects <br /> of taxation except as limited or prohibited by the state <br /> constitution, by this charter or by state law- mpesmg <br /> restrietiems-upon-the-eity-irrespeetve-a€-eharter <br /> previs4ons- <br /> Sec. 7 . 04 . Submission of Budget. <br /> Subelvisien-I- Annually The clerk-administrator she+1 <br /> must submit annual budget estimates to the council the <br /> budget-estmates in accordance with a budget calendar to-be <br /> established by resolution. The budget she++ must provide a <br /> 1111 <br />