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7.6.2. At least two weeks before the proposed budget is adopted, for the ensuing fiscal <br /> year, a summary of the proposed budget and municipal levy increases and decreases shall <br /> be given in the city newsletter. Such summary shall be set forth in language designed to <br /> be readily understood by the layperson, and shall provide appropriate supporting <br /> _ information as to the necessity for any increases. Failure to provide the specified <br /> summary will not invalidate the budget. A summary of the adopted final budget shall be <br /> printed in the city newsletter as soon as is practical after the adoption. <br /> Section 7.7. Enforcement of the Budget. <br /> _ 7.7.1. The city council shall enforce the provisions of the budget. It shall approve and <br /> authorize payments of bills, at each regularly scheduled council meeting, that have been <br /> presented for payment, supported by an itemized bill, payroll time sheet, or other <br /> document approved and signed by the responsible city officer who vouches for its <br /> correctness and reasonableness. Bills that are of an ongoing operating nature, have been <br /> appropriated in the budget, and been approved by the responsible city officer, may be <br /> paid prior to regular council meetings to avoid late penalties or to take advantage of <br /> available discounts. Other payments may occur in the event it is unreasonable or <br /> untimely to obtain council approval for funding an emergency or unforeseen expenditure <br /> which is necessary for the routine operation of the city as directed by council in a <br /> purchasing policy which shall be adopted by ordinance. <br /> 7.7.2. Any obligation incurred by any person in the employ of the city for any purpose <br /> not authorized in the budget resolution, or for any amount in excess of the amount <br /> authorized, shall be a personal obligation upon the person incurring the obligation and <br /> such person will be subject to appropriate disciplinary or criminal action. No check shall <br /> be issued or transfer made to any account other than one owned by the city until the claim <br /> to which it relates has been supported by an itemized bill, payroll, time sheet or other <br /> document approved and signed by the responsible city officer who vouches for its <br /> correctness and reasonableness. <br /> 7.8. Alterations to the Budget. After the budget resolution has been adopted, the council shall <br /> not increase the amounts fixed in the resolution beyond the estimated funds available except to <br /> the extent that actual receipts exceed the estimated funds available. At anytime, the council may, <br /> by resolution approved by a 4/5 vote of its members, reduce the sums appropriated for any <br /> purpose by the budget resolution, or authorize the transfer of sums from unencumbered balances <br /> of appropriations in the budget resolution to other purposes. <br /> 7.9. Funds. There shall be maintained in the city treasury a general fund and such other funds <br /> as may be required by state statutes, resolution or ordinance. The council shall, by resolution or <br /> ordinance, create and abolish funds and shall define which funds are eligible for interfund loans <br /> as it may deem necessary and appropriate. <br /> Section 7.10. City Indebtedness. <br /> 14 <br />