After receiving the recommendations of the Department of Finance and the Planning
Commission, the Board shall prepare its proposed Ordinance of Estimates, which shall consist
(1)an operating budget: estimates for the next fiscal year of the appropriations needed for the
operation of each municipal agency and for all other purposes, other than for capital
improvements. These estimates shall state the amounts needed by every municipal
agency for each particular program, purpose, activity, or project and the source of funds,
if other than general funds, for each.
(2)a capital budget: estimates of the amounts to be appropriated to each municipal agency
for capital improvements in the next fiscal year. The capital budget proposed by the
Board also shall include the projects that the Board includes in the first year of its
long-range capital improvement program and the source of funds for all capital
improvements. However, no capital project shall be included in the capital budget
portion of the proposed Ordinance of Estimates submitted by the Board of Estimates to
the City Council unless the Board has received and considered the reports and
recommendations of the Planning Commission, the Director of Finance, and the Board of
Finance with regard to such capital project. The Board of Estimates may establish
additional procedures for the development of a long-range capital improvement program
and a capital budget.
(b) Contingent fund.
The Board may include annually in the proposed Ordinance of Estimates a sum up to one million
dollars ($1,000,000.00) of the General Fund appropriations to be used during the next fiscal year
as a contingent fund in case of an emergency or necessity for the expenditure of money in excess
of or other than the appropriations regularly passed for any municipal agency.
At least one week before it approves a contingent fund expenditure, the Board shall report to the
City Council the reasons for the expenditure.