Following the approval of such interim budget, the council shall enact such appropriation or other ordinances as may be necessary for the effectuation of the interim budget. Preparation and submission of budget. Public hearing on budget. After such public hearing the council may make such changes in the budget as appear desirable and may increase or decrease the items of the budget provided the total proposed expenditures shall not exceed the total anticipated revenue. Adoption of budget.
Budget establishes appropriations and tax levy.
Upon final adoption, the budget shall be in effect for the budget year. Final adoption of the budget by the council shall constitute the official appropriation of the several amounts stated therein as proposed expenditures for the budget year. A copy of the budget as finally adopted shall be filed with the city secretary, the county clerk of Denton County and the state comptroller of public accounts in Austin. All appropriations that have not been expended or lawfully encumbered shall lapse at the end of the budget year. Transfer of appropriations.