The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1916-07-23

LuGSCIuGuLSs al revenues accrued ana /
liabilities incurred, and all transac-
tions affecting the acquisition, Gus
tody and disposition of values, and to
make such reports Of the financial
transactions and condition of the city
as may be required by law or ordi-
nance. Financial reports shall be
prepared for each quarter and each
fiscal year, and for such other periods
as may be required by the city man
ager, or the council.
Sec. 81. Annual Budget. Not later
than one month before the end of each
fiscal year, the city manager shall
prepare and submit to the council an
annual budget for the ensuing fiscal
year, based upon detailed estimates
furnished by the several departments
and other divisions of the city gov
eminent, according to classification
as nearly uniform as possible. The
budget shall present the following in
formation:
(a) An itemized statement of the
appropriations recommended by the
city manager for current, expenses
and for permanent improvements for
each department and each division
thereof for the ensuing fiscal year,
with comparative statements in par
allel columns Of the appropriations
and expenditures for the current and
next preceding fiscal year, and the
increases or decreases in the appro-
priations recommended.
(b) An itemized statement of the
taxes required and of the estimated
revenues of the city from all other
sources for the ensuing fiscal year,
with comparative statements in par
| a.lel columns of the taxes and other
revenues for the current and next pre-
ceding fiscal year, and of the in
/ creases or decreases estimated or pro-
/ posed;
(c) A statement Of the financial
condition of the city; and
! (d) Such other information as
may be required by the council.
Copies of such budget shall be
printed and available for distribution
not later than two weeks after it.
submission to the council; and a pub
lie hearing shall be given Thereon
| by the council or committee there
of before action by the council.
Sec. 50. Appropriation Ordinance
Temporary Appropriations. Trans
fers. Not later than one month afte,
the beginning of the fical year tn
cCurcil shall pass an annual appro
priation ordinance, which shall b
based on the budget submitted b,
the city manager. The total amour
: of appropriations shall not exceed tn
| estimated revenues of the city.
Before the annual appropriation OF
! dinance has been passed, the council
, with the approval in writing of tn
city manager, may make appropris
, tons for current department expense
r chargeable to the appropriations {
r the year when passed, to an amour
= sufficient to cover the necessary e.
= penses of the various departments VI
V til the annual appropriation is
force. No other liabilities shall
: incurred by any officer or employ
= of the city, except in accordan,
n with the provisions of the annual a.
= preparation ordinance, or under CO..
+ tinuing contracts and loans authoriz,
, under the provisions of this charte
: At any meeting after the passage
, the appropriation ordinance, and aft
at least one weeks notice, the counc
p by a three-fourths vote, may amer
= such ordinance, so as to authorize Il
h transfer of unused balances Apr
# priated for one purpose to anoth
# purpose, or to appropriate availah
- revenues not included in the annu
2 budget.
/, Sec. So. Tax Levy. On or befo
n the day of
A. each year, the council shall, by OFT
10 nance, levy such tax as may be nece
ID sary to meet the appropriations ma
IN (less the estimated amount of rev
ne nue. from other sources) and all SUI
! required by law to be raised on z
m count of the city debt, together wi
l. such addition, not exceeding five Z
III cent, as may be necessary to me
m commissions, fees and attachments
the amount of taxes collected fro
n the estimates.
tv Sec. 81. Assessment of Propert
or All property subject to ad valort
in taxation shall be valued at its f;
IS market value, subject to review a
IT. equalization, as provided by law
or ordinance. In valuing improved n
o. estate for taxation the market va
les of the land shall be valued separat,
de and improvements thereon shall
all valued at the amount by which ii
We increase the value of the land.
Sec. So. Special Assessments.
council shall have power by ordinal
ce. to provide for the payment of all
we any part of the cost of the constr