Ord 2006-036 - Laserfiche WebLink

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Sec. 8.06. Notice of public hearing on budget. Not less than 30 days before the date the city council adopts the budget, the city council shall fix the time and place of public hearing on the budget and shall cause to be published in a newspaper of general circulation in the City of San Marcos, and through electronic media, a general summary of the proposed budget and a notice of the hearing setting forth the time and place thereof, the time for which publication shall be in accordance with applicable law. Sec. 8.09. Adoption after public hearing. The budget shall be adopted only after 10 days have lapsed since the public hearing on the budget. Sec. 8.10. Date of final adoption. The budget shall be finally adopted not later than seven days prior to the expiration of the fiscal year, and should the city council fail to so adopt a budget, the then existing budget together with its tax levying ordinance and its appropriation ordinance, shall be deemed adopted for the ensuing fiscal year. MEASURE NO. 14 SHALL SECTION 9.02 OF THE CITY CHARTER, REGARDING THE BOND REGISTER, BE AMENDED TO READ AS FOLLOWS: Sec. 9.02. Bond register. The city manager or the manager's designated representative shall prepare, maintain and cause to be filed in the city manager's office a complete bond register, showing all bonds and certificates of obligation, the date and amount thereof, the rate of interest, a schedule of maturity dates and a record of all bonds and all other transactions of the city council having reference to the refunding of any indebtedness of the City of San Marcos. When bonds or certificates of obligation or their coupons are paid, their cancellation shall be noted in the register. MEASURE NO. 15 SHALL SECTION 11.08 OF THE CITY CHARTER, REGARDING THE FILING OF REPORTS BY PUBLIC SERVICE COMPANIES, BE AMENDED TO READ AS FOLLOWS: Election 2006 - Final 12 I I I