§ 6-104. Preparation of the Capital Program and Capital Budget.

(1)

The City Planning Commission annually and not later than the fifteenth day of October shall prepare and submit to the Mayor a capital program.

(2)

Each office, department, board, the Council, pension and retirement system, expendable trust fund, and debt service fund or other entity annually shall present to the City Planning Commission, in accordance with a schedule prescribed by the Chief Administrative Officer, a list of all the expenditures for permanent physical improvements which it is making or believes should be made in conjunction with its work during the next five years.

(a)

Each list shall show the projects in process of construction or acquisition, their present status, the amounts spent or to be spent thereon to the close of the current year, the work which is required to complete each undertaking with a schedule for such completion, the amount and source of the moneys spent, and the amount and source of moneys required during each of the five succeeding years to complete each undertaking.

(b)

Each proposal shall contain a justification of the project, its estimated cost, method of financing, the estimated cost of annual operation and maintenance, the proposed dates of initiation and completion of the project, the financial requirements during each of the five ensuing years and the source of such moneys.

(3)

The Chief Administrative Officer shall furnish to the Commission a statement of the moneys likely to be available from the General Fund and special revenue funds and the amount of bonds which the Mayor believes it would be proper for the City to issue during each of the next five years. The Commission shall then prepare the capital program for the next five years, in which it shall recommend the projects to be undertaken within the period in priority order and shall state the sources of moneys to be used for each project during each year of the period.

(4)

Upon receipt of the capital program from the Commission, the Mayor shall prepare a message to the Council setting forth recommendations with regard thereto. The Chief Administrative Officer, under the direction of the Mayor, shall prepare a proposed capital budget ordinance for the first year covered by the capital program. Not later than the first day of November, the Mayor shall submit to the Council the capital program as prepared by the Commission, the capital budget message, and the proposed capital budget ordinance.