ORD1970178C'RDINANCE #178
AS AMENDED
AN ORDINANCE TCl AMEM) SECTION 3.05 OF THE MUNICIPAL
CODE BY ADDING THERETO THE FOLLOWING SECTIONS
THE COMMON COUhCIL OF THE CITY OF MUSKEG0 DO ORDAIN
AS FOLLOWS:
SECTION 1. Sec.tion 3.05 of the Municipal Code is
hereby amended by adding thereto Section 4 and 5.
be prepared on or before October 28 of each year for submission
and anticipated extraordinary expenses. Such budget should be
to the Common Council, a proposed budget for capital improvements
prepared by the Capital Eludgeting Committee and shall include:
e 305 (4) CAPITAL EXPENDITURES BUDGET. There shall also
(a) A statement showing the existing indebtedness of the
City, and the c.osts of debt service for the dnsuing year;
(b) A statement showing the cost of capital improvements
for the past ye,ar and proposed capital improvements for
the ensuing yeax with an estimate of the cost thereof:
sources fromcapital improvements such as sewer service
(c) A statement showing revenue anticipated from all
charges, specia.1 assessments, etc. together with general
property taxes anticipated to be levied for the
improvement; and a statement of unappropriated balances,
expenditure acc:ounts;
reserve account:s and surplus remaining in capital
(d) The prepax,ation of a resolution for presentation to
the Council fox. a 5-year proposed program of capital
improvement shcuing projected total of revenues, total
operating expenses and the financial plan for capital
out lay.
be required by the Common Council or by the state law.
(e) Such othex, information as may from time to time
305(5) CAPITAL BUDGETING COMMIm'EE. The Capital
Mayor, who shall be Chaix,man, a member of the Public Works
Budget Committee shall ccmsist of the following persons: The
Committee, Clerk-Comptrol.ler, a member of the Plan Commission,
and Recreation Board, a member of the Library Board and two
a member of the Council E'inance Committee, a member of the Park
citizen members all to be, appointed by the Mayor subject to
the confirmation of the Common Council. The Term shall be for
one year commencing May 3..
SECTION 2. All. ordinances or parts of ordinances
inconsistent with or con1:ravening this ordinance are hereby
repealed.
effect from and after ita; passage and publication.
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SECI'ION 3. This ordinance shall be in full force and
PASSED AND APPROVED THIS df DAY OF ,1970.
OFBINANCE j117a
AN ORDINANCE XI AMEND SECTION 3.05 OF THE MUNICIPAL
CODE BY ADDING THERETO THE F0LLX)WING SECTIONS
THE COMMON COUNCIL OF THE CITY OF MUSKEG0 Do
AS FOLLOWS:
SECTION 1. Section 3.05 of the Municipal ode is
hereby amended by adding thereto Section 4 and 5.
305(4) CAPITAL EXPENDITURES BUDGET. There shall also i
be prepared on or before October 28 of each year/for submission
to the Common Council, a proposed budget for capital improvements
and anticipated extraordinary expenses. Such b’udget should be
prepared by the Capital Budgeting Committee an2 shall include:
(a) A statement showing the existing indebtedness of the
City, and the co,;ts of debt servicL for the ensuing year;
(b) A statement showing the co7t of capital improvements
for the past year and proposed capital improvements for
the ensuing year with an estimate of the cost thereof;
/
/
/
/ (c) A statement showing anticipated from all
sources from capital such as sewer service
charges, special
property taxes for the
improvement; balances,
reserve
expenditure accounts;
outlay.
SECTXON 2, A:L1 ordinances or parts of ordinances
inconsistent w th or con,:ravening this ordinance are hereby
repealed. k- S CTION 3. ‘his ordinance shall be in full force and
effect from nd after it:; passage and publication.
ASSED AND AP,PRO.VED THIS DAY OF ,1970.
ATTEST: / Jerome J. Gottfried, Mayor
City Clerk
71 70
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