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 a master plan
reflecting the proposed operations, activities, and improvements of the revitalization initiative for the
forthcoming fiscal year. The city commission may review and deny any item contained in the 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)
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