Boonville Budget ordinance (§ 2-18)

(a) No budget for any fiscal year shall be passed and approved by the city council unless the estimate of expected earnings is equal to or exceeds the estimate of expenditures for the fiscal year.

(b) Within the meaning of this section, estimate of expected revenue or earnings does not include reserve funds, except as provided by subsection (c) of this section.

(c) Any expenditure financed or paid for by reserve funds must be set forth separately in the annual budget or amendment thereto. Use of reserve funds shall be limited to usages for capital replacements, capital improvements, special projects or emergency needs and not for operational expenses.

(d) The accounting for expenditures financed or paid for by reserve funds will be by an applicable special revenue or capital improvement fund, enterprise fund, or operating fund as appropriate.