Municipal Budget.

(1) 

Submission of Budget Requests. On or before September 1 of each year, each office or Department of the City shall file with the City Clerk/Treasurer an itemized statement of disbursements made to carry out the powers and duties of such officer or Department during the preceding fiscal year and a detailed statement of the receipts and disbursements on account of any special fund under the supervision of such officer or Department during such year and of the condition and management of such fund; also detailed estimates of the same matters for the current fiscal year and for the ensuing fiscal year.

(2) 

Form of Budget Requests. The budget of each officer or Department of the City shall be on forms prescribed by the Director of Administration and Finance, who shall, prior to supplying such forms to the respective officer and Departments, insert the actual revenue and expenditures for such officer or Department during the preceding fiscal year and the actual revenues and expenditures for the first six (6) months of the current year. Upon receipt of such forms from the Director of Administration and Finance, the respective officers and Departments of the City shall insert thereon the estimated revenues and expenditures for the balance of the current year; also, detailed estimates of the same matters for the ensuing fiscal year. The Director of Administration and Finance shall also, in supplying the forms to respective officers and Departments, insert the actual amount budgeted for the respective accounts of such officer or Department by the Common Council for the current fiscal year. The respective officers and Departments of the City shall insert on such forms for informational purposes for the current fiscal year the differences, if any, between amounts budgeted for receipts and disbursements and the estimated receipts and disbursements for the current year.

(3) 

Duties of Director of Administration and Finance. On or before September 1 of each year, the Director of Administration and Finance shall file with the City Clerk/Treasurer a statement of all existing indebtedness, together with a schedule of principal and interest maturities on such indebtedness, for the ensuing year and a statement of all anticipated revenue from sources other than officers and Departments of the City. The statement of the Director of Administration and Finance shall also list all proposed appropriations for each non-Departmental activity and reserve account for the ensuing year, together with comparisons of such proposed appropriations and anticipated revenue with those for the preceding year, actual revenues and expenditures for the first six (6) months of the current year and estimated revenues and expenditures for the balance of the current year and surplus funds anticipated at the end of the current year, if any.

(4) 

Schedule of Departmental Hearings. The City Clerk/Treasurer shall present the aforesaid statements and proposed budgets of the various officers and Departments of the City to the Common Council at the first meeting of the Common Council on or after September 1 of each year. The Common Council shall thereupon determine a schedule for consideration of such proposed budgets with the various officers and Departments of the City and shall thereupon meet and discuss with those officers and Departments, at the dates and times indicated, or as determined from time to time.

(5) 

Budget Analysis. The Director of Administration and Finance shall make himself available, as required by the Common Council, for advice and assistance and shall, if requested by the Mayor and the Common Council, analyze the proposed budgets, present reports to the Mayor and the Common Council and assist in the preparation of an operating City budget and a determination of the sum to be financed in whole or in part by a general property tax, funds on hand or estimated revenues from any source. The Mayor shall take specific budget recommendations, including a proposed budget ordinance, to the Common Council by not later than October 15 of each year.

(6) 

Publication of Proposed Budget. After the Common Council has formulated a proposed operating City budget, it shall determine the time and place for a public hearing thereon. A summary of such budget and notice of the place where such budget in detail is available for public inspection and notice of the time and place for holding the public hearing thereon shall be published in the official City newspaper at least ten (10) days prior to the time of such public hearing.

(7) 

Public Hearing. Not less than ten (10) days after the publication of the proposed budget and the notice of hearing thereon, a public hearing shall be held at the time and place stipulated in such notice, at which time any resident or taxpayer of the City shall have an opportunity to be heard on the proposed budget. The budget hearing may be adjourned from time to time.

(8) 

Final Budget and Tax Levy. Following the public hearing on the proposed budget, the Common Council shall determine what alterations therein shall be made concerning the amount of tax to be levied, the amounts of the various appropriations and the purposes for such appropriations stated in such budget. After such alterations, if any, have been made, the Common Council shall determine by ordinance the total City operating budget, the amount of the City levy for general property taxes and shall levy such tax by ordinance.

(9) 

Changes in Budget. Following the determination by ordinance of the various appropriations and the purposes of such appropriations and the amount of the tax to be levied, the budget shall not be altered thereafter unless authorized by a vote of two-thirds (2/3) of the entire membership of the Common Council by resolution. Such resolution shall thereafter, within eight (8) days, be published in the official City newspaper.

(10) 

School District Budget. This section shall, except as otherwise provided by State law, govern the procedure to be followed by the Board of Education of Joint City School District No. 1, in the preparation and submission of its proposed budgets.