6.0. SR 10-22-2001 - Laserfiche WebLink

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5.2 Department heads may make expenditures contained in the annual budget in an amount not in excess of $2,000 without City Administrator approval. 5.3 5.4 5.5 The City Administrator may make expenditures contained in the annual budget in an amount not in excess of $25,000 without City Council approval. The City will follow statutory requirements for competitive bidding. No expenditure or other obligation shall be made unless authorized by the budget and in compliance with 5.1 above. Any obligation incurred by any person in the employ of the City for any purpose not authorized in the budget resolution or for any amount in excess of the amount therein authorized shall be a personal obligation upon the person incurring the expenditure. 6. Budgeting 6.1 6.2 6.3 The City Administrator is responsible for the preparation and the administration of the annual operating budget based on input from the Department Heads. A multi-year approach to budgeting should be evaluated when conditions would support such practices. Given the frequent changes in State policies, it is not currently practical for the operating budget to cover more than one fiscal year. The budget shall be adjusted as needed to recognize significant deviations from original budget expectations. The Council shall consider budget amendments each December. Budget amendments are intended to recognize changes made by the Council during the year, to reflect major revenue and expenditure deviations from budgeted amounts, and to consider year-end budget requests. Budget amendments are not intended to create a budget that matches budgeted revenues and expenditures to actual revenues and expenditures. 6.3.1 Administrative budget amendments may be made throughout the year by Department Heads to adjust line item budgets within their department as long as the total departmental budget does not change. These line item budget changes exclude personal service and capital outlay categories. Changes must be requested in writing and approved by the City Administrator and Finance Director. 6.4 The City will not use short-term borrowing, internal or external, to balance the budget for any fund. 6.5 The City will not sell assets or use one-time accounting principle changes to balance the budget for any fund.