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for any amount in excess vf the amount authorized shall be a personal obiigation upon the persan incurring the obligation. Section 7.07. Alterations in the budget. After the bud�et resolution has been adopted, the council shall not increase the amounts fixed in the resolution beyond the estimated receipts except to the extent that actual receipts exceed the estimate or other funds are deemed available. At any time the council may, by resolution approved by a tnajority of its members, reduce the sums appropriated for any purpase by the budget resolution or authorize the transfer of sums from. unencumbered balances of appropniations in the budget resolution to other purposes. Section 7.08. Disbursements. No disbursements of city funds shail be tnade except by authorization of the city manager and the mayor or treasurer. A register shall be prepared and maintained specify�ng the purposes for which the disbursement is made and the £und from which it is drawn. No such payment sha1l be issued un#il there is money to the credit of the fund from which it is to be paid, sufficient to pay it together with all outstanding encumbrances upon the fund. No such payment shall be issued untiI the claim to which it relates has been supported by an itemized bill, payroll or time sheet appraved and sigied by the responsible city officer who vouches for its correctness and reasonableness. The city manager shall note on each contract requiring the payment af maney by the city the particular fund out of which it is to be paid. The council may by ordinance make further regulations for the safekeeping and disbursement of the funds of the city. Section 7.Q9. Fur�ds. There shall be maintained in the city treasury a general fund and such other funds as�nay be required by staterte, ordinax�ce, or resolution. The council may, by ordinance or resolution, make inter-fund loans, except from trust and agency funds, as it may deem n�cessary and appropriate.