Except in those municipalities which operate on the State fiscal year pursuant to section 2 or 3 of P.L.1991, c.75 (C.40A:4-3.1 or C.40A:4-3.2), on or before February 28, the municipal manager shall submit to council the municipal manager’s recommended budget together with such explanatory comment or statement as the municipal manager may deem desirable. The budget shall be in such form as is required by law for municipal budgets and shall, in addition, have appended thereto detailed analysis of the various items of expenditure and revenue.
The council shall, where practicable, provide, by ordinance, for the operation of a system of work programs and quarterly allotments for operation of the budget and for development and reporting of appropriate unit costs of budgeted expenditures.