Scope and Content of the Budget.

Omaha City Charter, art. V, § 5.05

in effect

Section 5.05. - Scope and Content of the Budget. The annual budget shall be a complete financial plan for the ensuing budget year and shall consist of an operating budget and a capital budget. The capital budget shall provide for acquisition of real estate, physical improvements, equipment and furniture required in connection with physical improvement projects, and equipment with a probable useful life of fifteen or more years; and the operating budget shall provide for all other classes of expenditure. The budget submitted by the Mayor to the Council shall contain at least the following: (1) A budget message in which the Mayor shall discuss the city's financial condition and prospects, explain both in terms of money and work programs the important features of the operating budget, identify major projects in the capital budget, and outline the financial policies the Mayor proposes for the ensuing budget year. (2) Appropriate statements showing for each fund the estimated transactions and balances for the ensuing budget year and comparative data for the current and immediately past budget years. (3) Schedules of all estimated revenues itemized by sources for the ensuing budget year and comparative data for the current and immediately past budget years. Revenue estimates for the general and special revenue funds shall include only those revenues expected to be received in cash during the budget year concerned. (4) Operating budget schedules showing by activity or program the proposed operating expenditures for the ensuing budget year, and in a column entitled "Appropriations," the lump sum recommended for appropriation, which lump sums need not be itemized further than by departments, divisions, and major activities and programs. Comparative expenditure data for the current and immediately past budget years and information on work programs and volumes shall also be presented. (5) Capital budget schedules showing the total amount proposed for expenditure during the ensuing budget year and a complete analysis of the sources of funds by projects showing balances available and amounts to be appropriated, borrowed, or derived from other sources. (Ord. No. 40092, § 1, 8-19-14, ref. of 11-4-14)

Source: City of Omaha, Municipal Code and City Charter (Municode Library, library.municode.com)URL: https://library.municode.com/ne/omaha/codes/code_of_ordinances?nodeId=PTICH_ARTVFI_S5.05SCCOBUFetched: 10/28/2026