Department heads to prepare estimate of receipts and requirements; duty of Comptroller to prepare financial analysis annually; information required.
Memphis Charter, art. 38, § 330
in effectSec. 330. - Department heads to prepare estimate of receipts and requirements; duty of Comptroller to prepare financial analysis annually; information required.
On or before the first day of May of each year, the Commissioner of each department of the City of Memphis shall prepare an estimate of the receipts and requirements of such department for the ensuing year, upon a form prescribed by the Comptroller. The Comptroller shall prepare for the Board of Commissioners from such departmental statements an analysis, with his suggested financial plan for conducting the affairs of the City for the ensuing fiscal year. The analysis shall include the following information, and such other information as the Board of Commissioners may from time to time require:
(1) Detailed estimate of expense. Detailed estimate of the expense of conducting each department and office of the City for the ensuing fiscal year; the classification of the estimates shall be as nearly uniform as possible for the main division of all departments.
(2) Appropriation. Appropriations for corresponding items for the current year, with reasons for increases and decreases recommended as compared with requests for the ensuing year.
(3) Amount of debt. The amount of the total and net debt of the City together with a schedule of maturities of bond issues.
(4) Interest; principal. A statement of the amounts to be appropriated for interest on the City debt, for paying off any serial bonds maturing during the year, and such sinking funds required by law.
(5) Itemization of anticipated income. An itemization of all anticipated income of the City from sources other than taxes and bond issues, with a comparative statement of the amounts received by the City from each of the same or similar sources for the last preceding fiscal year.
(6) Estimate of money to be raised. An estimate of the amount of money to be raised from taxes and from other sources, which shall be necessary to meet the proposed expenditures.
(7) Other required information. Such other information as is necessary to clarify items, or as may be required by the Board of Commissioners.
(Priv. Acts 1937, ch. 123, § 6; Ord. No. 1553, § 3, 8-3-1965)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/charter?nodeId=PTICHRELA_ART38CICO_S330DEHEPRESREREDUCOPRFIANANINREFetched: 10/28/2026