The city shall, as part of its annual budget process, adopt an operating budget for
the stormwater utility for the next following fiscal year. The operating budget shall
be prepared in conformance with the state budget law, city policy and generally accepted
accounting practices. The initial operating budget commences January 1, 2005, and
ends December 31, 2005. (2004-Or-132, § 1, 11-5-04)
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