The mayor and city council hereby establish by ordinance a budgetary policy to provide sound fiscal management for the city by providing that the beginning general fund balance plus budgeted revenues for each fiscal year shall exceed the budgeted expenditures for that fiscal year by not less than one million dollars ($1,000,000.00), unless otherwise established by the mayor and city council.
Source: Ord. No. 3577, § 1, 8-15-88
Editor's note--Ord. No. 3577, § 1, adopted Aug. 15, 1988, did not specifically amend the Code, hence inclusion herein as § 2-36 was at the discretion of the editor.