§ 9.3. BUDGET DOCUMENT.

The budget document shall present a complete financial plan for the ensuing year. It shall include at least the following information:

(1)

A brief and concise budget summary, showing the estimated receipts and expenditures of each fund and the total of all funds;

(2)

A statement of the detailed estimates of all proposed expenditures for each fund, itemized for each department and activity by objects of expenditure showing, in parallel columns, the expenditures for the preceding year, the appropriation and expenditures for the current year and the recommendations of the City Manager as to the appropriations to be made for the ensuing year, including any appropriation for contingencies; expenditures for the current year shall be computed as the actual expenditures to the last day of February or the last day of the month preceding this for which he has a financial statement available, plus the estimated expenditures from that date to the end of the current fiscal year.

(3)

Detailed statements of estimates of all anticipated income of the City from taxes and sources other than current taxes and borrowing, compared with the amounts received by the City from each of the same or similar sources for the last preceding year and for the current year;

(4)

A statement of the estimated financial condition of each City fund reflecting the estimated surplus or deficit in each such fund and showing all transfers made from each such fund;

(5)

A statement of the bonded or other indebtedness of the City showing the amount required in the ensuing year for retirement on the debt and necessary interest requirements;

(6)

A statement of outstanding delinquent taxes and delinquent special assessments which have been levied during the current and preceding fiscal years of the City and a reasonable estimate of the amount expected to be collected during the next fiscal year of the City;

(7)

An estimate of the amount of money proposed to be raised by taxation and the amount to be raised from bond issues, which, together with the estimated income from other courses, will be necessary to meet the proposed expenditures; and

(8)

Such other information as may be required by Council.