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debt limit hereinbefore established and shall not constitute en indebted- ness of the City. Such proposition shaft specify (a) the property to be acquired end/ or the improvements or additions to be made to the equipment for such revenue-producing utifity, or utilities, and the estimate of the cost there- of, (b) the maximum amount of bends to be issued for such purposes, (c) the regulations and procedures fur the sale and issuance of the bonds, end (d) the provision to be made from the revenue of the utilities for the payment of interest on, and retirement of, the heads. Section 60:3. FISCAL YEAR. The fiscal year of the City govern- ment shall begin on the first day of July of each year and end on the thirtieth day of June the following year. Section 604. BUDGET: PREPARATION BY THE CITY MANAGER. At such time es the City Manager may prescribe, but not later than sixty days prior to the beginning of each fiscal year, each head of any office, agency, or department of the City government shall submit, through the Director of Finance, to the City Manager on forms and in the manner prescribed by the City Manager a detailed financial plan for the proper conduct of the office, agency, or department under his control. With this financial plan shall be submitted such summaries, schedules, and supporting data es may be prescribed by the City Manager. In prepar- ing the proposed City budget, the City Maneger shall review the finan. cial plans submitted, hold conferences thereon with the office, agency, and department heads, respectively, and revise such plans as he may deem advisable. Section 605. BUDGET: SUBMISSION TO THE CITY COUNCIL. On or before the fifteenth day of May of each year the City Manager shall recommend and submit to the City Council a proposed budget for the next ensuing fiscal year and a proposed appropriation ordinance as prepared by him. Section 606. BUDGET: PUBLIC HEARING. Upon receipt of the proposed budget from the City Manager, the City Council shall proceed to the consideration of the proposed budget and, by the affirmative vote of at least three of its members, may increase, decrease, or omit any item or insert new items therein. Before adopting the budget the City Council shall fix the time and place for holding a public hearing upon the proposed budget and shall cause to be published s notice thereof net less than ten days prior to said hearing, by at least one insertion in the official newspaper. Copies of the proposed budget shall be available for inspection by the public in the office of the Clerk of the Council at least ten days prior to said hearing. At the time and place so advertised, or at any time and place to which such public hearing shall from time to time be adjourned, the City Council shall held a public hearing on the proposed btJdget, at which interested persons desiring to be heard shall be given such opportunity. Section 607. BUDGET: FURTHER CONSIDERATION AND ADOPT- TION. After the conclusion of the public hearing, the City Council may