The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1946-02-05

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BUDGET PROPOSAL:
Section 1913. The budget propos-
al shall present a complete tinan-
cial plan for the ensuing fiscal
year. II shall include at least the
following information:
(a) Detailed estimates OF all
proposed expenditures for each de-
partment and office OF the City.
showing the expenditures for cor.
responding items for the current
and last preceding fiscal year. with
reasons for increases and decreases
recommended, as compared with APP
preparations for the current year:
OBJ Statements OF the bonded
and other indebtedness OF the City,
showing the debt redemption and
interest requirements, the debt au-
thorized and un!ssued, and the con.
dition OF sinking funds. II any;
(c) Detailed estimates Of all an
ticipated income OF the City from
sources other than taxes and Dor
rowing. with a comparative state
ment OF the amounts received by
the City from each OF the same or
similar sources for the last proceed.
ing and current fiscal years;
I'D A stateme nt OF the estimat-
ed balance or deficit, as the case
may be, for the end OF the current
fiscal year;
(e) An estimate OF the amount
OF money to be raised from current
and delinquent taxes, and The
amount to be raised from bond Is
sues which, together with income
from other sources, will be neces-
sary TO meet the proposed expend-
lures and commitments OF the City
government during the ensuing
year;
(D Such other supporting SEIZED.
ules as The Council may deem nee
essary.
ADOPTION OF eUpoET, TAX
LIMIT:
Section 1914. Not later than the
:hird Monday In May, the Council
shall, by resolution. adopt the bud.
get for the next fiscal year. and
shall. IN such resolution. make an
appropriation OF the money needed
for municipal purposes during the
ensuing fiscal year OF the City and
provide for levy of the amount
necessary TO be raised by taxes
upon real and personal property for
municipal purposes, which levy
shall not exceed two t2%) per cent
OF the assessed valuation OF all real
and personal property subject to
taxation in the City.
TRANSFER OF
APPROPRIATIONS:
Section 1G5. After the budget
has been adopted, no money shall
be drawn from the treasury OF the
City, nor shall any obligation for
the expenditure OF money be in
Cured. except pursuant to the bud.
get appropriation. The Council may,
upon the recommendation o: the
City Manager, transfer any unen.
numbered appropriation balance, or
any portion thereof, from one de-
partment. fund, or agency TO an
other. The balance in any appro-
priation which has not been en-
numbered at the end OF the fiscal
year shall revert to the general
fund and be reappropriated during
the next fiscal year.
BUDGET CONTROL:
Section 10.6. At the beginning
OF each quarterly period during the
fiscal year, and more often II 70.
quired by the Council. the City
Manager shall submit TO the Coun-
ell data showing the relation be-
tween the estimated and actual
income and expenses to date. and
II It shall appear tina: the income
Is less than anticipated. the Coun.
ell may, upon the recommendation
OF the City Manager, reduce appro-
priations, except amounts required
for deb. and interest charges, TO
such a degree as may be necessary
to keep expenditures within the
cash income. No withdrawal shall
be made from any City fund which,
after deducting all prior withdraw.
ais therefrom, has not a sufficient
amount therein to pay such pro
posed withdrawal.
DEPOSITORY:
Section 1917. The Council shall
designate the depository or depos'
tories fot City funds, and shall
provide for the regular deposit OF
all City moneys. The Council shall
provide for such security for City
deposits as Is authorized or permit.
ted by the general laws OF the State,
except that personal surety bonds
shall not be deemed proper secur'
ity.
INDEPENDENT AUDIT:
Section 1913. An independent
audi. shall be made OF all accounts
Of the City government at least an
nually and more frequently II
deemed necessary by the Council
Such audit shall be made by certi
fled public accountants experienced
In municipal accounting. The audi
tors report shall. in all instances
be available to the public In the
office Of the Clerk during the office
hours OF the City, and shall be made
public in such other manner as the
Council may determine.
CHAPTER Xl
General Taxation
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