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Ordinance No. 1318 12-08-2014 ORDINANCE NO. 1318 AN ORDINANCE AMDENDING FRIDLEY CITY CHARTER CHAPTER 7 TAXATION AND FINANCES, SECTIONS 7.04 PREPARATION OF ANNUAL BUDGET; SECTION 7.05 PASSAGE OF BUDGET The Fridley City Council hereby finds after review, examination and recommendation of the Fridley City Charter Commission, that the Fridley City Charter Chapter 7 Taxation and Finance be hereby amended and ordains as follows: FRIDLEY CITY CHARTER CHAPTER 7. TAXATION AND FINANCE SECTION 7.04. PREPARATION OF ANNUAL BUDGET 1. The City Manager shall prepare the estimates for the annual budget which shall include any estimated deficit for the current year. The estimates of expenditures shall be submitted by each department to the City Manager. Each estimate shall be divided into three (3) major subdivisions as follows: (a) Salaries and Wages, (b) Ordinary Expenses, (c) Capital Outlay. Salary detail shall show a list of all salaried officers and positions with salary allowance and number of persons holding each. Wages shall be broken down in sufficient detail to justify the request. Ordinary expenses shall be broken down into such detail as the City Manager shall direct. Capital Outlay shall be itemized as to items and amounts. (Ref. Ord. 625) 2. In parallel columns shall be added the amounts expended under similar headings for the two (2) preceding fiscal years, and, as far as practicable, the amounts expended and estimated for expenditure during the current year. In addition to estimates of expenditures, the City Manager shall prepare a detailed statement of revenues collected for the two (2) preceding completed fiscal years with amounts estimated to be collected for the current fiscal year, and an estimate of revenues for the ensuing fiscal year. The estimates shall be submitted to the Council at its last regular monthly meeting in August in accordance with Minnesota State Law, and shall be published twice in summary in the official publication prior to November 15. (Ref. Ord. 625, Ord. 946) SECTION 7.05. PASSAGE OF THE BUDGET The budget shall be a principal item of business at the last regular monthly meeting of the Council in August a regular meeting in September., and t The Council shall hold subsequent meetings from time to time until all the estimates have been considered. 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 annual budget finally agreed upon 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, and shall be Ordinance No. 1318 Page 2 signed by the majority of the Council upon being adopted. It shall indicate the sums to be raised and from what sources, and the sums to be spent and for what purposes, according to the plan indicated in 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. The resolution shall set forth the total of the budget and the totals of the major divisions of the budget, according to the plan indicated in Section 7.04. The budget resolution as adopted shall be published in the official publication. (Ref. Ord. 625, Ord. 946) PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY TH THIS 8 DAY OF DECEMBER 2014. _________________________________ Scott J. Lund, Mayor ATTEST: _________________________________ Debra A. Skogen, City Clerk Public Hearing: November 10, 2014 First Reading: November 24, 2014 Second Reading: December 8, 2014 Publication: December 19, 2014