HomeMy Public PortalAbout03178 O R D I N A N C E NO. 3178
AN ORDINANCE providing for the annual submission of the
budget for The Metropolitan St. Louis Sewer District not later
than March 15th of each year.
WHEREAS, Section 7.090 of the Plan of The Metropolitan
St. Louis Sewer District provides for the submission to the Board
of a budget for the ensuing fiscal year and an explanatory budget
message and general appropriation ordinance conforming with the
budget; and
WHEREAS, the Board is desirous of providing for a sub-
mission to the Board of such budget and appropriation ordinance
prior to May 1st of each year,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. Not later than March 15th of each year,
the Executive Director shall submit to the Board a budget for the
ensuing fiscal year, an explanatory budget message, and a general
appropriation ordinance conforming with such budget. The budget
shall provide a complete financial plan for the budget year for
all District and subdistrict funds, and shall include the
following:
(1) Estimated revenues to be actually received from all
sources during the budget year, together with a comparative
statement of revenues for the two years next preceding, itemized
by year, fund, and source.
(2) Proposed expenditures recommended by the Executive
Director for the budget year, together with a comparative
statement of expenditures for the two years next preceding,
itemized by year, fund, activity, and object.
(3) The amount required for the payment of interest,
amortization, and redemption charges on the debt of the District
or any subdistrict.
(4) A general budget summary.
In no event shall the total amount of proposed expendi-
tures for the budget year from any fund exceed the estimated
revenues to be actually received plus any unencumbered balance or
less any deficit estimated for the beginning of the budget year.
Section Two. In addition to the budget for the next
year and other materials required by Section One of this
Ordinance, the Executive Director shall submit to the Board
projections showing estimated revenues and expenditures for the
succeeding three years respectively.
The foregoing Ordinance was adopted December 15, 1976.