§ 2-294. City council action on budget.

(a)

Review of budget. Upon presentation of the proposed budget by the city manager, the city council shall review the proposed budget, conduct such meetings and workshops as are deemed necessary, and amend the proposed budget in order to establish a tentative budget and millage as will be carried forward through the budget and millage adoption process mandated by state law.

(b)

Reserve for encumbrances. The city manager is hereby authorized to establish a reserve for encumbrances as necessary at the end of each fiscal year. The reserve shall be funded in an amount equivalent to the total monetary value of any and all outstanding purchase orders upon which delivery has not been made at the close of the fiscal year. The city manager is further authorized to make any necessary arrangements to ensure that such reserve funds are used to pay any prior year purchase orders upon which delivery is accepted during the current fiscal year.

(Code 1981, § 8-54)