§ 7-5. Budgeting

(a) Budgets for the general and special revenue funds, and any other funds deemed necessary for management purposes, shall be adopted annually prior to the start of each fiscal year. The city administrator shall present the budgets for adoption by ordinance of the city council. The budgets shall state estimated revenues, expenditures, and changes in fund balances.

(b) Intradepartmental budget revisions shall receive approval of the city administrator.

(c) Interdepartmental budget revisions shall receive approval of the city council in public session.

(d) All departmental budget variances greater than ten percent or $10,000.00, whichever is smaller, shall be approved by the city council. In such cases where an emergency arises and the issue must be resolved prior to the council meeting, the city finance director may poll the city council for a consensus decision.

(e) The city finance director shall prepare monthly statements, including budget to actual comparisons of all revenues and expenditures, for distribution to the city administrator, city council, and department heads.

(f) Only noncommitted budget appropriations lapse at year-end. Budget appropriations for the new fiscal year are automatically amended to include these committed purchase orders or contract amounts.

(Code 1979, § 1-7004; Ord. of 8-18-80; Ord. No. CC-93-005, 4-19-93)

refstatelaw

Budget adoption, S.C. Code 1976, § 6-1-80.