HomeMy WebLinkAboutBack-Up from Law DeptSec. 12.5-36. - Approval of budget.
(a) Effective immediately, the Liberty City Trust shall establish a fiscal year which coincides with that
of the city. The Liberty City Trust shall submit to the city commission a budget, in a form
acceptable to the city manager, and no later than April 1 preceding the commencement of each
fiscal year. Nothing contained herein shall be construed to prohibit the Liberty City Trust from
submitting a supplemental budget to the commission for approval.
(b) No expenditure shall be made in any given year without approval by the city commission of the
Liberty City Trust budget for that year and all expenditure shall comply with city procedures for
acquisition of goods and services.
(c) In conjunction with the submission of the budget, the Liberty City Trust shall submit an annual
master plan reflecting the proposed operations, activities, and improvements of the revitalization
initiative for the forthcoming fiscal year in accordance with the Liberty City Trust's purposes,
powers, and duties as outlined in section 12.5-28 above. Nothing contained herein shall be
construed to prohibit the Liberty City Trust from submitting a supplemental annual master plan
to the commission for approval. The city commission may review and deny any item contained in
the annual master plan and in any supplemental annual master plan within 30 days from the date
of its submission by the Liberty City Trust.
(d) No provision contained in this division shall be construed to violate the Anti -Deficiency Act, as set
forth in sections 18-500-18-503.
(Ord. No. 12859, § 4, 10-12-06; Ord. No. 13859, § 2, 9-12-19)