§ 1405. ANNUAL BUDGET.

Commission shall, prior to the first day of June of each calendar year, adopt a departmental budget for the forthcoming fiscal year covering the anticipated revenue and expenditures of the Water Department. Such departmental budget shall conform, as far as practicable, to the form provided in this Charter for the general City budget. Each such budget shall contain a sum to be known as the "Unappropriated Balance," which sum shall be available for appropriation by the Commission, by resolution, in the ensuing fiscal year to meet contingencies as they may arise. A copy of every resolution making an appropriation from said unappropriated balance shall promptly be filed with the City Auditor and City Manager. Two certified copies of said budget shall forthwith, after adoption by the Commission be filed with the City Clerk for presentation to the City Council and one certified copy shall forthwith be filed with the City Auditor. Such budget shall be subject to the approval of the City Council as in this section provided. The City Council shall, not later than the first day of July of each calendar year, approve such budget adopted by the Commission or shall amend said budget and approve the same as amended not later than the first day of July of each calendar year. In the event the City Council shall not approve said budget or amend the same and adopt said budget as amended on or before said first day of July, the same shall become effective as the official budget of the Water Department for the forthcoming fiscal year. In the event the City Council shall amend said budget and approve the same as amended, as above provided, a certified copy of said approved budget as amended shall be filed with the Commission and the City Auditor. No expenditure shall be made or financial obligation incurred by the Commission, its officers or employees, except as authorized by said annual departmental budget or appropriations made subsequent to said annual budget as herein provided. Said annual departmental budget, when effective, shall constitute an appropriation covering the anticipated revenues and expenditures of the Water Department as therein set forth.