73 - Fiscal year; departmental estimates.

§ 73. Fiscal year; departmental estimates. The fiscal year of the city  shall  commence  on the first day of January. On or before the first day  of November in each year all heads of departments and officers empowered  by law or by city ordinance to control or authorize  expenditures  shall  furnish  to the mayor estimates in writing of the amount of expenditures  for the next fiscal year in their  respective  departments  or  offices,  including  a  statement of the salaries of all their subordinates, which  estimates  the  mayor  shall  lay  before  the  board  of  estimate  and  apportionment  at  its  first  meeting thereafter, and the same shall be  entered in its minutes.