(a) On or before September 1 of each year, the city manager shall prepare and submit to the council a proposed annual budget; provided that, in each odd-numbered year, the proposed budget shall present a complete financial plan for the city for the ensuing two fiscal years.

(b) The proposed budget shall be organized so as to classify all estimated expenditures and other uses by fund and category of such expenditure or use, segregated by office, department, board, commission, spending agency, or program. At the discretion of the city manager, estimated expenditures and uses may be further classified by function and activity. Estimated revenues and other means of financing the proposed budget shall be classified by fund and source of income.

(c) The proposed budget shall include a general summary describing the important features of the budget plan and showing a balance between the total proposed expenditures and uses and the total anticipated revenues and other means of financing the proposed budget for the ensuing budget period, along with the corresponding numbers for the last completed fiscal year and the current fiscal year. Such summary shall be supported by explanatory schedules or statements classifying the expenditures and uses contained therein by office, board, department, commission, spending agency, or program and by subject and fund. Estimated revenues and other means of financing the proposed budget shall be classified in the same manner.

(d) Upon receipt of the proposed budget, the council shall publish notice that a copy of the proposed budget is available for inspection by the public in the office of the city clerk and the office of budget and financial planning, that the council will consider adoption of the proposed budget for the ensuing fiscal year on a certain date, and that any interested resident of the city may file a written objection thereto at any time prior to the final adoption of the budget. Such notice shall be published one time in a newspaper having general circulation within the City.

(e) On the day set for consideration of the proposed budget, the council shall review and, where necessary, revise, alter, increase, or decrease the expenditures and uses estimated therein in view of the needs of the various offices, departments, boards, commissions, spending agencies, and programs of, and the estimated revenues and other means of financing the proposed budget available to the City. Thereafter, the council shall adopt a budget setting forth the expenditures and uses to be incurred in the ensuing fiscal year. If the council increases total expenditures and uses, it shall also provide that the total means of financing the budget be equal to or greater than the amount of such expenditures and uses. (Code 1979, § 2-168; Ord. No. 99-43, § 1, 8-16-1999; Ord. No. 95-53, exhibit A (§ 2-168), 9-11-1995)