THEODORE R. MCKELDIN, GOVERNOR 547

fiscal year shall also constitute the tax year, the budget
year, and the accounting year.

BUDGET

43. The mayor, on such date as the council shall deter-
mine, but at least thirty-two days before the beginning of
any fiscal year, shall submit a budget to the council. The
budget shall provide a complete financial plan for the
budget year and shall contain estimates of anticipated
revenues and proposed expenditures for the coming year.
The total of the anticipated revenues shall equal the total
of the proposed expenditures. The budget shall be a public
record in the office of the clerk-treasurer open to public
inspection by anyone.

BUDGET ADOPTION

44. Before adopting the budget the council shall hold
a public hearing thereon. The council may insert new
items or may increase or decrease the items of the budget.
Where the council shall increase the total proposed expen-
ditures it shall also increase the total anticipated revenue
to at least equal such total proposed expenditures. The
budget shall be prepared and adopted in the form of an
ordinance. A favorable vote of at least a majority of the
total membership of the council shall be necessary for
adoption.

APPROPRIATIONS

45. No public money may be expended without having
been appropriated by the council. From the effective date
of the budget, the several amounts stated therein as pro-
posed expenditures shall be and become appropriated to
the several objects and purposes named therein.

TRANSFER OF FUNDS

46. Any transfer of funds between major appropria-
tions for different purposes by the mayor must be ap-
proved by the council before becoming effective.

OVER-EXPENDITURE FORBIDDEN

47. No officer or employee shall during any budget
year expend or contract to expend any money or incur any
liability or enter into any contract which by Its terms
involves the expenditure of money for any purpose, in
excess of the amounts appropriated for that general classi-
fication of expenditure pursuant to this charter. Any con-