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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.