§ 2-11. Fiscal year; budget.

(a)

The fiscal year for the city begins on the first day of October of each year and ends on the last day of September of each year. Not later than thirty (30) days before the end of each fiscal year the city manager shall prepare and submit to the commission a budget estimate of the expenses and revenues, including the budgeted full-time positions, of all city departments, divisions, and offices for the ensuing fiscal year. The commission shall consider this budget and make such changes as it deems advisable. Then an appropriate ordinance or resolution shall be passed based upon the budget estimate. The budget estimate prepared by the city manager shall be open for inspection in the manager's office and the appropriate ordinance or resolution shall not be passed by the commission until after the budget estimate shall have been posted at the city hall for a period of at least ten (10) days. After adoption of the budget by the city commission, the city manager may, on a temporary basis, create, transfer or remove budgeted full-time positions at his discretion. The city manager may also transfer funds between respective departments, divisions and/or programs within a fund. However, approval of the city commission is required to change the appropriated funding and/or number of budgeted full-time positions.

(b)

In the event that the final budget is not adopted by the beginning of the fiscal year on October 1st, the city may expend monies based on its adopted tentative budget or readopt its prior year's final adopted budget until such time as the final budget is adopted, as provided in Florida Statutes, Section 200.065.

(Ord. No. 76-137, § 1, 7-20-76; Ord. No. 81-128, § 1, 9-15-81; Ord. No. 94-103, § 2, 2-15-94)