A. The budget which is adopted shall be balanced, considering all sources of funds. Although the accounting definition of “balanced budget” refers to current year expenditures covered by current year revenues, for the purpose of this section a balanced budget shall include any budgeted transfers from the general fund balance or enterprise fund unreserved net assets to balance the budget of a particular fund.

B. Any action to reconsider or rescind the budget which creates an imbalance shall be in violation of this section unless approved by the city council.

C. Any action to reconsider or rescind the budget which would affect a balanced budget must be accompanied by action which maintains a balanced budget. [Ord. 17-43 § 2; Ord. 09-34 § 2.]