§ 16-33. Capital improvements budget; amendments.

(a)

For 2014 and all prior fiscal years and for the eight-month period from January 1, 2015, through August 31, 2015, the City Council shall adopt the final capital improvements budget for the ensuing fiscal year not later than December 31 of each year. No appropriations provided for in a prior capital improvements budget shall lapse until the purpose for which the appropriation was made shall have been accomplished or abandoned; provided, however, the Mayor or any member of the City Council may submit amendments to the capital improvements budget at any time during the fiscal year, accompanied by recommendations. Any such amendments to the capital improvements budget shall become effective only upon adoption by ordinance.

(b)

For the fiscal year beginning September 1, 2015, and for all subsequent fiscal years, the City Council shall adopt the final capital improvements budget for the ensuing fiscal year not later than August 31 of each year. No appropriations provided for in a prior capital improvements budget shall lapse until the purpose for which the appropriation was made shall have been accomplished or abandoned; provided, however, the Mayor or any member of the City Council may submit amendments to the capital improvements budget at any time during the fiscal year, accompanied by recommendations. Any such amendments to the capital improvements budget shall become effective only upon adoption by ordinance.

(Code 1979, § 3-1-10; Code 1998, § 38-44; Ord. No. 01-98, § I(3-1-10), 1-5-1998; Ord. No. 02-2014, 5-5-2014)