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I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br />I <br /> <br />CHAPTER <br /> <br />TAXATION AND FINANCES <br /> <br /> Section 7.01. Council to Control Finances. The council shall have full <br />authority over the financial affairs of the city except as limited or prohibited <br />by the state constitution, state laws, or this charter. It shall provide for the <br />collection of all revenues and other assets, ~d the auditing and settlement of <br />accounts. It shall further provide for the safekeeping and disbursment of public <br />monies by the city treasurer. <br /> <br /> Section 7.02. Fiscal Year. The fiscal year of the city shall be the calendar <br />year. <br /> <br /> Section 7.03. System of Taxation. Subject to the state constitution, and except <br />as forbidden by it or by state law, the council shall have full power to provide <br />by ordinance for a system of local taxation. This authority includes the power by <br />ordinance to assess, levy, and collect taxes on all subjects or objects of taxation <br />except as limited or prohibited by the state constitution, by this charter or by <br />state laws imposing restrictions upon the city irrespective of eharter provisions. <br /> <br />Section 7.04. Submission of Budget. <br /> <br /> 7.04.01. Annually the clerk-administrator shall submit to the council <br />the budget recommendations in accordance with a budget calendar, to be established <br />by resolution. The budget shall provide a complete financial plan for all city funds <br />and activities for the ensuing fiscal year and except as required by state law or <br />this charter, shall be in such form as the council may require. It shall include <br />a s,mmary and show in detail all estimated income and all proposed expenditures, <br /> <br /> Pg.7-1/2 <br /> <br /> <br />