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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 /> Section 7.8 Alterations to the Budget. After the budget resolution has been adopted, the <br /> council shall not increase the amounts fixed in the resolution beyond the estimated funds <br /> available except to the extent that actual receipts exceed the estimated funds available. At <br /> anytime, the council may, by resolution approved by a 4/5 vote of its members, reduce the sums <br /> appropriated for any purpose by the budget resolution, or authorize the transfer of sums from <br /> unencumbered balances of appropriations in the budget resolution to other purposes. <br /> Section 7.9 Funds. There shall be maintained in the city treasury a general fund and such <br /> other funds as may be required by state statutes, resolution or ordinance. The council shall, by <br /> resolution or ordinance, create and abolish funds and shall define which funds are eligible for <br /> interfund loans as it may deem necessary and appropriate. <br /> Section 7.10 City Indebtedness. <br /> 7.10.1 Except as provided in Sections 7.11 and 7.12, no obligation shall be issued to pay <br /> current expenses, but the council may issue and sell obligations for any other municipal <br /> purpose in accordance with state statutes and within the limitations prescribed by law. <br /> Except in the case of obligations for which an election is not required by this charter or <br /> state statutes, no such obligation shall be issued and sold without the approval of the <br /> majority of the voters voting on the question at a general or special election. <br /> 16 <br />