Section 6.01. Fiscal year. The fiscal year of the City of Wauchula shall begin on the first day of October and end on the last day of September.

Section 6.02. Submission of budget and budget report. On or before the first day of August of each year, the city manager shall submit to the city commission a budget for the ensuing fiscal year and an accompanying budget report.

Section 6.03. Budget report. The city manager's report shall explain the budget both in fiscal terms and in terms of the work programs. It shall outline the proposed financial policies of the city for the ensuing fiscal year, describe the important features of the budget, indicate any major changes from the current year in financial policies, expenditures, and revenue together with the reasons for such changes, summarize the city's debt position and include such other material as the city manager deems desirable.

Section 6.04. Budget. The budget shall provide a complete financial plan of all city funds and activities for the ensuing fiscal year and, except as required by law or this Amended Charter, shall be in such form as the city manager deems desirable or the city commission may require. The budget shall be compiled from detailed information and in its arrangement the classification of expenditures shall be as nearly uniform as possible for the main functional divisions and departments of the city.

Section 6.05. City Commission action on budget and capital program. The city commission shall by ordinance adopt its annual budget and capital program.