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CHAPTER 7 <br />TAXATION A~$D FINAI4CES <br /> <br /> Section 7.01 !iCou~cil to Control Finances. The council shall have full <br />authority over th~ flhanctal affairs of the city except as limited or prohibited <br />by the state eon~titution, state laws, or this charter. It shall provide for the <br />collection of att~'rev~nues and other assets, and the auditing and settlement of <br />accounts. It shal~ f~?ther provide for the safekeeping and disbursement of public <br />monies. <br /> <br /> Section 7.02. Fiscal Year. The fiscal year of the city shall be the calendar <br />year. <br /> <br /> Section 7.03.i SyStem of Taxation. Subject to the state constitution, and except <br />as forbidden by:i't or by state statutes, the council shall have full power to provide <br />by ordinance for ~ system of local taxation. This authority includes the power by <br />ordinance to a$8o~s,:levy, and collect taxes on all subjects or objects of taxation <br />except as limi[~ or: prohibited by the state constitution, by this charter or by <br />state statutes imposing restrictions upon the city irrespective of charter provisions. <br /> <br /> Section 7.0~j! Submission of Budget. <br /> <br /> 7.0~j01.~ Annually the clerk-administrator shall submit to the council <br />the budget reco~end!ations in accordance with a budget calendar to be established <br />by resolution. ~T~e b~dget shall provide a complete financial plan for all city funds <br />and activities .fer the ensuing fiscal year and except as required by state statutes <br />or this charter, shall be in such form as the council may require. It shall include <br />a summary and show in detail all estimated income and all proposed expenditures, <br /> <br />Pg.7-1/7 <br /> <br /> <br />