Source: https://ecode360.com/28553236
Timestamp: 2019-08-18 11:15:27
Document Index: 188774580

Matched Legal Cases: ['§ 140', '§ 140', '§ 140', '§ 140', '§140', '§140', '§140', '§140']

City of Marshfield, MO Budget
Ch 140 Art II Budget
§ 140.020 Budget Required — Contents — Expenditures Not To Exceed Revenues.
§ 140.030 Budget Officer.
§ 140.040 Board of Aldermen May Revise Budget, Limits — Approval.
§ 140.050 Increase of Expenditure Over Budgeted Amount To Be Made Only On Formal Resolution.
City of Marshfield, MO / Government Code / Taxation and Finance
Section 140.020 Budget Required — Contents — Expenditures Not To Exceed Revenues.
Section 140.030 Budget Officer.
Section 140.040 Board of Aldermen May Revise Budget, Limits — Approval.
Section 140.050 Increase of Expenditure Over Budgeted Amount To Be Made Only On Formal Resolution.
[R.O. 2014 §140.020]
Prior to the commencement of each fiscal year, a budget for the City shall be prepared and the same will be presented to and approved by the Board of Aldermen.
The amount required for the payment of interest, amortization, and redemption charges on the debt of the City; and
In no event shall the total proposed expenditures from any fund exceed the estimated revenues to be received plus any unencumbered balance or less any deficit estimated for the beginning of the budget year; provided, that nothing herein shall be construed as requiring the City to use any cash balance as current revenue or to change from a cash basis of financing its expenditures.
[R.O. 2014 §140.030]
The budget shall be prepared under the direction of a Budget Officer. Except as otherwise provided by law or ordinance, the Budget Officer shall be designated by the Board of Aldermen of the City. All officers and employees shall cooperate with and provide to the Budget Officer such information and such records as he/she shall require in developing the budget. The Budget Officer shall review all the expenditure requests and revenue estimates, after which he/she shall prepare the proposed budget as defined herein.
After the Budget Officer has prepared the proposed budget, he/she shall submit it, along with such supporting schedules, exhibits, and other explanatory material as may be necessary for the proper understanding of the financial needs and position of the City, to the Board of Aldermen. He/she shall submit at the same time complete drafts of such orders, motions, resolutions or ordinances as may be required to authorize the proposed expenditures and produce the revenues necessary to balance the proposed budget.
[R.O. 2014 §140.040]
The Board of Aldermen may revise, alter, increase or decrease the items contained in the proposed budget, subject to such limitations as may be provided by law; provided, that in no event shall the total authorized expenditures from any fund exceed the estimated revenues to be received plus any unencumbered balance or less any deficit estimated for the beginning of the budget year. Except as otherwise provided by law, the Board of Aldermen shall, before the beginning of the fiscal year, approve the budget and approve or adopt such orders, motions, resolutions or ordinances as may be required to authorize the budgeted expenditures and produce the revenues estimated in the budget.
[R.O. 2014 §140.050]
After the City has approved the budget for any year and has approved or adopted the orders, motions, resolutions or ordinances required to authorize the expenditures proposed in the budget, the City shall not increase the total amount authorized for expenditure from any fund, unless the Board of Aldermen adopts a resolution setting forth the facts and reasons making the increase necessary and approves or adopts an order, motion, resolution or ordinance to authorize the expenditures.