FridleyChapter7CharterLanguage_20210713

Home Browse Search

Fridley City Charter Chapter 7 Section 7.05 01/22/2018 Section 7.03. BOARD OF REVIEW. The Council shall constitute a board of review and shall meet as such in the usual place for holding Council meetings to review, amend and equalize the assessed valuations according to state law. (Ref. Special Election 4/12/60, Ord. 592, Ord 1345) Section 7.04. PREPARATION OF ANNUAL BUDGET. The city manager shall prepare the estimates for the annual budget. The budget shall include all funds identified by the city manager as requiring annual budget estimates. The budget shall include any estimated deficit/surplus for the current year. The budget shall contain sufficient detail readily understood and contain explanatory statements as deemed necessary. The estimates of revenues and expenditures for general and special revenue funds shall be by organizational unit and include comparative figures for the current year and actual figures for the two preceding fiscal years. Expenditure estimates shall be divided into three (3) major subdivisions as follows: A. Salaries and Wages, B. Ordinary Expenses, C. Capital Outlay. In funds other than general and special revenue, the proposed expenditures shall be presented in an understandable manner according to the discretion of the city manager. (Ref 1352) Section 7.05. PASSAGE OF THE BUDGET. The estimated budget shall be a principal item of business at regular meeting(s) prior to the deadline established in state law, at the times required by law and at subsequent meeting(s) until the budget is adopted. The meetings shall be so conducted as to give interested citizens a reasonable amount of time in which to be heard, and an opportunity to ask questions prior to passage of the final budget. The budget estimates shall be read in full and the City Manager shall explain the various items thereof as fully as may be deemed necessary by the Council. The adopted annual budget shall set forth in such detail as may be determined by the City Council, the complete financial plan of the City for the ensuing fiscal year. It shall indicate the sums to be raised and from what sources, and the sums to be spent and for what purposes, according to Section 7.04. The total sum appropriated shall not exceed the total estimated revenue. The Council shall adopt the budget by resolution in accordance with state law. (Ref. Ord. 625, Ord. 946, Ord 1318, Ord 1345)