§ 52.110. Approval of operating budget; budget transfers; audits by City Council Auditor.

The fiscal year of the Authority shall commence on October 1 of each year and end on the following September 30. The Authority shall prepare and submit its operating budget to the Council on or before July 1 for the ensuing fiscal year. The Council, consistent with the provisions of the Charter of the City of Jacksonville, may increase or decrease the budget requested by the Authority on a total basis or a line-by-line basis. The Authority may transfer funds between authorized budget line items; provided, however, the Authority shall provide to the Council Auditor a copy of the written documentation for each transfer made between approved budget line items within 24 hours of such transfer. The Authority's records may be audited at any time by the Council Auditor of the City of Jacksonville.

(Ord. 2014-185-E, § 2)