Sec. 2-133Same—Form and content

(a) The municipal budget shall be prefaced by a clear general summary of its contents and shall show in detail all estimated income, indicating the proposed property tax levy, and all proposed expenditures for the ensuing fiscal year. It shall be so arranged as to show comparative figures for actual and estimated income and expenditures of the current fiscal year and actual income and expenditures of the preceding fiscal year. Separate items shall be included for at least the following:

(1) Administration, operation, and maintenance expenses of each department or office of the city, including a breakdown for salaries and wages for each such units;

(2) Interest and debt redemption charges;

(3) Proposed capital expenditures, detailed by departments and offices when practicable;

(4) Cash deficits of the preceding year;

(5) Contingent expenses in an amount not more than three percent of the total amount for administration, operation, and maintenance expenses;

(6) Such reserves as may be deemed advisable by the City Council.

(b) The total of proposed expenditures shall not exceed the total of anticipated revenue.