The fiscal year of the City of Paris shall begin on the first day of October and shall end on the last day of September of each calendar year. Such fiscal year shall also constitute the budget and accounting year.
(Ordinance 83-018, sec. 2, adopted 4/11/83; Ordinance 95-053, sec. 1, adopted 9/13/95; Ordinance 2022-090, ex. B, adopted 12/12/2022)
The city manager, between thirty and ninety days prior to the beginning of each fiscal year, shall submit to the council a proposed budget, which budget shall provide a complete financial plan for the fiscal year, and shall contain the following:
(1) 
A budget message, explanatory of the budget, which message shall contain an outline of the proposed financial policies of the city for the fiscal year, shall set forth the reasons for salient changes from the previous fiscal year in expenditure and revenue items, and shall explain any major changes in financial policy.
(2) 
A consolidated statement of receipts and expenditures for all funds.
(3) 
An analysis of property valuations.
(4) 
An analysis of the tax rate.
(5) 
Tax levies and tax collections by years for at least five years or, if records for five years are not available, then for as many years as are available.
(6) 
General fund resources in detail.
(7) 
Summary of proposed expenditures by function, department, and activity.
(8) 
Summary of proposed expenditures by character and object.
(9) 
Detailed estimates of expenditures shown separately for each activity to support the summaries No. 7 and 8 above. Such estimates of expenditures are to include an itemization of positions showing the number of persons having each title and the rate of pay.
(10) 
A revenue and expense statement for all types of bonds.
(11) 
A description of all bond issues outstanding, showing rate of interest, date of issue, maturity date, amount authorized, amount issued, and amount outstanding.
(12) 
A schedule of requirements for the principal and interest of each issue of bonds.
(13) 
A special funds section.
(14) 
The appropriation ordinance.
(15) 
The tax levying ordinance.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
In preparing the budget, the city manager shall in the preparation of the budget place in parallel columns opposite the several items of revenue the actual amount of each item for the last completed fiscal year, the estimated amount for the current fiscal year, and the proposed amount for the ensuing fiscal year.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
The city manager, in the preparation of the budget, shall, in parallel columns opposite the various items of expenditures, place the actual amount of such items of expenditures for the last completed fiscal year, the estimate for the current fiscal year and the proposed amount for the ensuing fiscal year.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
The budget and all supporting schedules shall be filed with the city clerk when submitted to the council and shall be a public record for inspection by anyone. The city manager shall cause copies to be made for distribution to all interested persons.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
The council shall fix the time and place of a public hearing on the budget and shall cause to be published a notice of the hearing setting forth the time and place thereof at least five days before the date of hearing.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
At the time and place set forth in the notice required by section 47, the council shall hold a public hearing on the budget submitted and all interested persons shall be given an opportunity to be heard for or against any item or the amount of any item therein contained.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
After the conclusion of such public hearing, the council may insert new items or may increase or decrease the items of the budget, except items in proposed expenditures fixed by law. Before inserting any additional item or increasing any item of appropriation, it must cause to be published a notice setting forth the nature of the proposed increases and fixing a place and time, not less than five days after publication, at which the council will hold a public hearing thereon.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
After such further hearing, the council may insert the additional item or items, and make the increase or increases, to the amount in each case indicated by the published notice, or to a lesser amount, but where it shall increase the total proposed expenditures, it shall also provide for an increase in the total anticipated revenue to at least equal such total proposed expenditures and/or provide for the use of reserve funds as necessary.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
The budget shall be adopted by the favorable vote of a majority of the members of the whole council.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
The budget shall be finally adopted not later than the twenty-seventh day of the last month of the fiscal year. Should the council take no final action on or prior to such day, the budget as submitted by the city manager shall be deemed to have been finally adopted by the council.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
Upon final adoption, the budget shall be in effect for the fiscal year. A copy of the budget, as finally adopted, shall be filed with the city clerk. The final budget shall be printed and a reasonable number of copies shall be made available for the use of all offices, departments and agencies and for the use of interested persons and civic organizations.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
From the effective date of the budget, the several amounts stated therein as proposed expenditures shall be and become appropriated to the several objects and purposes therein named.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
From the effective date of the budget, the amount stated therein as the amount to be raised by property tax shall constitute a determination of the amount of the levy for the purposes of the city, in the corresponding tax year.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
Provision shall be made in the annual budget and in the appropriation ordinance for a contingent appropriation in an amount not more than three (3) percent of the total general fund expenditure, to be used in case of unforeseen items of expenditures. Such contingent appropriation shall be under the control of the city manager and distributed by him or her, after approval by the city council. A detailed account of such expenditures shall be recorded and reported to the city council. The proceeds of the contingent appropriation shall be disbursed only by transfer to other departmental appropriation, the spending of which shall be charged to the departments or activities for which the appropriations are made.
(Resolution 2007-055 adopted 5/21/07, Prop. 33; Ordinance 2022-090, ex. B, adopted 12/12/2022)
The total estimated expenditures of the general fund and debt service fund shall not exceed the total estimated resources of each fund (prospective income plus cash on hand). The classification of revenue and expenditure accounts shall conform as nearly as local conditions will permit to the uniform classification as promulgated by a nationally accepted classification program.
(Ordinance 2022-090, ex. B, adopted 12/12/2022)
The city budget may be amended and appropriations altered in accordance therewith only in a manner provided by state law.
(Resolution 2007-055 adopted 5/21/07, Prop. 34; Ordinance 2022-090, ex. B, adopted 12/12/2022)