§ 2-4-057 — Budget Director - Annual estimates of expenses

2-4-057 Budget Director - Annual estimates of expenses.

(a) The Budget Director shall, on or before the thirtieth day of October of each year preceding the year for which the estimates are made, submit to the City Council a report of the estimates of the funds necessary to defray the expenses of the City government during the fiscal year about to begin. The Budget Director shall in such report classify the different objects and branches of the City expenditures, giving, as nearly as may be, the amount required for each. For this purpose, the Budget Director is authorized to require of all City officers and heads of departments, their statements of the condition and expense of their respective departments and offices, with any proposed improvement and the probable expense thereof, of contracts already made and unfinished, and the amount of any unexpended appropriation of the preceding year. (b) The Budget Director shall, in such report, show the aggregate income of the preceding fiscal year from all sources, including grants received by the City, the amount of liabilities outstanding upon which interest is to be paid, and of bonds and City debts payable during the coming year, when due and where payable, together with all such information as may be necessary to enable the City Council to prepare and pass the annual appropriation ordinance in the manner prescribed by statute, and so that the City Council may fully understand the money exigencies and demands of the City for the year for which appropriations are to be made. Such report shall include all projected income, from all sources, for the subsequent fiscal year, as well as a list of all new or expanded City programs or initiatives in the preceding twelve months, including a brief description of each program or initiative, a detail of the total annual cost and full-time equivalent positions attributable to each program or initiative, and any applicable metrics used to evaluate each program or initiative. (c) Within 15 days of the submission of the annual estimates of expenses and income pursuant to subsection (a), the Chair of the Committee on the Budget and Government Operations, or its successor committee, shall convene hearings on the proposed annual budget. (Added Coun. J. 12-16-24, p. 22879, Art. VI, § 2)