§ 27-18. Same—Preparation.  


Latest version.
  • (a)

    The budget officer shall prepare each year a budget listing all expenditures anticipated for the coming year.

    (b)

    Such budget shall be carefully itemized so as to make as clear a comparison as practicable between expenditures included in the proposed budget and actual expenditures for the same or similar purposes for the preceding year.

    (c)

    Such budget shall be so prepared as to show clearly each of the various projects for which appropriations are set up in the budget, and the estimated amount of money carried in the budget for each of such projects.

    (d)

    Such budget shall contain a complete financial statement of the system, showing all outstanding obligations thereof, the cash on hand to the credit of each and every fund, the funds received from all sources during the previous year; the funds available from all sources during the ensuing year; the estimated revenue available to cover the proposed budget; funds allocated for the payments into the bond fund, reserve fund, contingency fund and all other funds maintained by the system; anticipated unallocated revenues; the free service rendered and to be rendered in the ensuing year, and the value thereof; and a report of water lost and estimate of the same to be lost in the ensuing year, and the value thereof.

    (e)

    Such budget shall show separately the amounts expended and/or set aside for operation, salaries, labor, materials, repairs, maintenance, depreciation, replacements, extensions, interest, and sinking fund to pay off bonds and indebtedness.

(Ord. No. 65-04, § 2, 2-2-1965)