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168821f�1 1 . INANCE NO. 16,882 2 3 AN ORDINANCE AMENDING THE CITY CODE FOR THE CITY OF 4 LITTLE ROCK, ARKANSAS RELATED TO THE BUDGET FOR THE 5 CITY; AND FOR OTHER PURPOSES. 6 7 8 WHEREAS, the Board of Directors of the City of Little Rock, Arkansas 9 recognizes that the budget preparation policies of the City were established several years 10 ago, and the Board believes that certain policy changes and enhancements are required 11 to improve the budget preparation process, to reduce the administrative burden of the 12 process on Board Members and City staff, and to enhance the abilities of City 13 14 departments to deliver services to citizens. 15 NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF 16 17 THE CITY OF LITTLE ROCK, ARKANSAS: 18 SECTION 1. Code Section 2 -211 is hereby amended to read as follows: 19 The budget for the city shall set forth all proposed 20 expenditures for the administration, operation," and 21 maintenance of all departments; expenditures for capital or. 22 special projects to be undertaken; and support for other agencies to be provided. In addition thereto, the budget 23 shall set forth the anticipated revenues and other means of 24 financing the proposed expenditures. The budget shall be 25 adopted for the ensuing fiscal year period. Budget information prepared for any subsequent fiscal periods and 26 included in the material presented to the board of directors 27 shall be considered a fiscal plan and not a part of the 28 adopted budget. 29 SECTION 2. Code Section 2 -212 is hereby amended to read as follows: 30 31 The city manager shall submit to the board of directors each 32 year a budget and such other explanatory information as may be required for their consideration. The city manager 33 shall compile the budget with the assistance of the finance 34 department and other departments or agencies, estimating 35 all revenues and expenditures detailed by organizational 36 unit, service program, or object of expenditure, as • • 1s 1 2 appropriate. In preparing the budget, the city manager will 3 compile two annual budgets for biannual fiscal periods beginning in even numbered years. The board of directors 4 will amend or revise the budgets as they deem advisable and 5 adopt the budget for the even numbered year by ordinance, 6 while the budget for the odd numbered year will be approved as a fiscal plan. During the even numbered year, 7 the city manager will review the fiscal plan for the ensuing 8 year and revise it as deemed necessary for resubmission to 9 the board of directors. After reconsideration and revision 10 as deemed necessary, the board of directors will adopt a budget ordinance for the second year of the biannual 11 period. 12 13 SECTION 3. Code Section 2 -215 is hereby amended to read as follows: 14 The budget document, setting forth the financial plan of the 15 city for the ensuing fiscal period, shall include the following: 16 17 (1) Any explanatory budget message; 18 (2) A summary of the budget by fiscal year; 19 20 (3) A detail of the revenue projections upon which the budget is based; and 21 22 (4) The detailed budget plan. 23 SECTION 4. Code Section 2 -227 is hereby adopted with the heading 24 "Departmental Budget Savings" to read as follows: 25 26 Innovative and cost - saving service efforts of city employees 27 should be recognized and rewarded. Therefore, at the end of each fiscal year, as adjusted for the results of the annual 28 audit, the finance department will report budget savings by 29 organization to the city manager. The city manager will 30 submit to the board of directors those savings of a non - personnel, non - mandated nature for reappropriation within 31 the current budget of the organization producing the 32 savings. The reappropriated savings may be utilized by the 33 organizations as they see fit, except that they may not be 34 used to incur any recurring obligation of the city, such as the hiring of new employees. 35 36 • • 163 1 2 PASSED: May 2, 1995 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 W YIDTNI 6 KUHHII APPROVED AS TO FORM: 1' APPROVED: