Sec. 8.99. Review and Approval Process. (a) Definitions: “ Budget Modifications ” – Modifications supplemental to the CRA budget, as provided for in Subsection (e) of this section. “ City ” – The City of Los Angeles. “ Council ” – The City Council of the City of Los Angeles. “ CRA ” – The Community Redevelopment Agency of the City of Los Angeles. “ CRA Budget ” – The annual budget of the CRA as approved by the Mayor and City Council and thereafter adopted by the CRA. “ Line Item ” – Any administrative expenditure account or a specific work program objective within a project area budget which is part of the CRA budget. “ Proposed Budget ” – An annual CRA budget for the ensuing fiscal year submitted by the CRA to the City in preliminary form, as provided in Subsection (d)1, for consideration and approval. (b) It is the intent of this article to incorporate consideration of the proposed budget of the CRA with the City’s review and consideration of its own annual budget and to provide for City consideration of any amendments to the CRA budget. (c) The proposed budget shall contain specific detailed estimates and information identifying (1) the proposed expenditures of the CRA, (2) the indebtedness proposed to be incurred by the CRA, (3) the anticipated revenues of the CRA, (4) the work programs for the coming year, including specific goals and criteria to measure their achievement, (5) an examination of the previous year’s achievements and a comparison of the achievements with the goals of the previous year’s work program, and (6) such other information as the Council and the Mayor deem necessary for a complete review, or which they specifically request for such purpose. (d) Procedures for adoption of the CRA budget are as follows: 1. At such time as the Mayor may prescribe for City departments, but not later than the first day of January of each year, the CRA shall submit its proposed budget to the Mayor, and concurrently transmit duplicate copies to the City Council and the Director of the Office of Administrative and Research Services. The proposed budget shall be submitted on forms and in the manner prescribed by the Mayor, the Council, or by ordinance. 2. On or before the 20th day of April of each year the Mayor shall submit to the Council said proposed budget of the CRA together with any modifications proposed by the Mayor.