§ 5.04.020. Budget proposal—Presented when—Contents—Borough mayor responsibility.

During or prior to the eighth week preceding the first day of the fiscal year, the borough mayor shall present to the assembly a budget proposal for the next fiscal year of the borough. Such budget proposal shall set forth the borough mayor's recommendations for and an analysis of the anticipated income and expenditures of the borough during the next fiscal year, together with comparative figures showing the estimated corresponding amounts for the current year and comparisons with the previous year. The proposed expenditures set forth in the budget proposal shall not exceed revenues of the borough. Unencumbered funds remaining at the end of the current fiscal year may be reallocated for purposes set forth in the budget proposal.

(Ord. No. 74-52, § 1(part), 1974; KPC § 12.05.010(1))