§ 6-35-304 — Preparation and contents of budget

(a) On or before a date fixed by the council, but not later than ninety (90) days prior to the beginning of the fiscal year, the manager shall submit to the council a proposed budget for the next fiscal year. (b) The budget shall present a complete financial plan for the ensuing year, including at least the following information: (1) Detailed estimates of all proposed expenditures for each department, board, office or other agency of the city, showing in addition the expenditures for corresponding items for the last preceding fiscal year, appropriations and anticipated expenditures for the current fiscal year, and reasons for recommended departures from the current expenditure pattern; (2) Statements of the bonded and other indebtedness of the city, including the debt redemption and interest requirements, the debt authorized and unissued, and the condition of the sinking funds; (3) Detailed estimates of all anticipated revenues of the city from all sources, including current and delinquent taxes, nontax revenues and proceeds from the sale of any bonds, with a comparative statement of the amounts received by the city from each of such sources for the last preceding fiscal year, the current fiscal year, and the coming fiscal year; (4) A statement of the estimated balance or deficit, as of the end of the current fiscal year; and (5) Such other supporting schedules as the council may request, or are otherwise required by law.

Legislative History

Acts 1957, ch. 238, § 7.12; T.C.A., § 6-3511.