RecDoc 2018-099611 Charter Amendments Reso

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6. The authorization granted to the Board by this section to issue revenue bonds is complete and no authorization for their issuance shall be required except as provided in this section, and Section 65 of this Charter shall not apply; provided, however, that the provisions of this section shall constitute an alternative method of financing and that the eCity may, in its discretion, provide for the financing of any facilities or improvements in the Port Area in any other manner permitted by this Charter or the laws of the State of California, including the issuance of general obligation bonds of the eCity therefor. 7. Revenue bonds issued under this section shall not be taken into consideration in determining the bonded indebtedness which the eCity is authorized to incur and shall be excluded from any limitation provided by Section 65 or otherwise by this Charter or by law on the amount of bonded indebtedness of the eCity. (Secti(n gob added April 10, 1962, ratified by Legislature June 29, 1962.) (As amended April 11, 1978, certified by Secretary of State June 12, 1978) FINANCES Section 51. BUDGET: .rpen a date ......blushed 1.y metier of the City n tii At least thirty (so) days before the commencement of a fiscal year, the City Manager shall submit to the Council a proposed budget for all departments to be known as the general budget. Said budget shall include estimates of the revenues and expenditures of the eCity departments for the ensuing year. These estimates shall be compiled from detailed information obtained from the several departments on uniform blanks to be furnished by the CW Manager. The classification of the estimates of expenditure shall be as nearly uniform as possible for all departments and shall give the following information: (a) A detailed estimate of the expense of conducting each department as submitted by the department. (b) Expenditures for corresponding items for the last two fiscal years. (c) Estimated expenditures and appropriations for corresponding items for the current fiscal year. (d) Such other information as is required by the Council or that the City Manager may deem advisable to submit. Sufficient copies of such budget shall be prepared and submitted so that there may be copies on file in the City Clerk's office for inspection by the public unless the Couneil publish the sa i the a ffleial newspape The Council shall have the power to revise, correct or modify said proposed budget in any particular. (As amended March 4, 1975; certified by Secretary of State March 20, 1975) (As amended April 8, 1980, certified by Secretary of State April 25, 1980; as amended November 8, 2005 certified by Secretary of State January 24, 2006) ATTY/CHARTER AMENDMENTS/2018/2018 FINAL CHARTER AMENDMENTS REV: 07-18.18 VR Page 30 of 45