(A) The Governing Body shall adopt, and amend at least every two (2) years, a capital improvements plan.

(B) The Governing Body shall annually, at the same time and as a part of the annual operating budget process, adopt an implementation plan identifying those improvements to be financed from the fund during the following year.

(C) The City Manager shall annually, at the same time as part of the annual operating budget process, make recommendations for revenue allocations and budget transfers as may be necessary to finance those improvements scheduled for completion next year and to set aside moneys to be annually reserved for future improvements.

(D) The Governing Body shall annually, at the same time and as a part of annual operating budget, authorize the revenue allocations and budget transfers necessary to finance those improvements scheduled for completion next year and to set aside moneys to be annually reserved for future improvements. (Ord. 87-09 § 4, 1987.)