§ 6-35-313. Depositories of Municipal Funds
The council, at a regular meeting, shall adopt a resolution to contract with a bank or banks making the best proposal to become the depository of municipal funds. Before entering into a contract under subdivision (a)(1), the city manager or an officer appointed by the city manager shall review and analyze the proposals from the […]
§ 6-35-314. Financial Records of Utilities
Separate financial and accounting records shall be maintained for each utility in accordance with accepted principles of utility accounting and as may be required by the city council, without impairing the authority of the city to manage and operate the utilities with the same personnel and equipment.
§ 6-35-315. Annual Operating Budget — Publication — Budgetary Comparison
Notwithstanding any other law to the contrary, the governing body shall publish the annual operating budget and budgetary comparisons of the proposed budget with the prior year’s actual figures and the current year’s estimated figures, which information shall include the following: Revenues and expenditures for the following governmental funds: general, streets/public works, general purpose school […]
§ 6-35-312. Fees
All fees received in handling city business by any officer or employee shall belong to the city and shall be paid promptly into the city treasury, except fees received by school officers and employees, which shall be paid into the city school fund.
§ 6-35-302. Administration of Finances
The city manager or an officer appointed by the city manager shall have charge of the administration of the financial affairs of the city. There shall be maintained such accounting controls over the finances of the city and such financial reports as may be required by this charter, by ordinance, or by the manager. The […]
§ 6-35-303. Fiscal Year
The fiscal year of the city shall begin on July 1 and shall end on June 30 of the succeeding year, but another fiscal year may be fixed by ordinance for the entire city government or for any utility.
§ 6-35-304. Preparation and Contents of Budget
On or before a date fixed by the council, but not later than ninety (90) days prior to the beginning of the fiscal year, the manager shall submit to the council a proposed budget for the next fiscal year. The budget shall present a complete financial plan for the ensuing year, including at least the […]
§ 6-35-305. Capital Budget Program
As a part of the annual budget, the city shall include a statement of pending capital projects and proposed new capital projects, relating the respective amounts proposed to be raised therefor by appropriations in the budget and the respective amounts, if any, proposed to be raised therefor by the issuance of bonds during the fiscal […]
§ 6-35-306. Public Hearing on Budget — Budget as Public Record — Distribution
A public hearing on the budget shall be held before its final adoption by the council, at such time and place as the council shall direct, and notice of such public hearing shall be published ten (10) days in advance of the date of the hearing. All persons present shall be given a reasonable opportunity […]
§ 6-35-307. Adoption of Appropriation Ordinance
Before the beginning of the next fiscal year, the council shall adopt an appropriation ordinance, based on the city manager’s budget with such modifications as the council considers necessary or desirable; provided, that modifications in the school budget as submitted by the board of education shall be subject to the limitations of § 6-36-113. Appropriations […]