An ordinance authorizing a biennial budget shall provide for mid-biennium review and modification for the second year of the fiscal biennium. On or before October 1 of the first year of the biennium, the county executive shall submit to the county council a proposed budget modification for the second year of the biennium in the form of an ordinance. The Executive’s proposed budget modification shall be limited to changes arising from economic changes of conditions and emerging issues unless approved in advance by the council, and shall comply with requirements of the state auditor established pursuant to RCW 36.40.250. The ordinance shall detail all recommended increases and decreases to the existing modified biennial budget including revised second year annual allotments, and revised biennial expenditures and revenues. The ordinance shall be accompanied by the information described in SCC 4.26.020 and 4.26.021 updated to show actual revenues and expenditures, the estimates of revenues and expenditures submitted to the executive pursuant to SCC 4.26.030, and such proposed tax and revenue ordinances as may be necessary to generate revenues for the second year of the biennium. The council shall hold a public hearing on the proposed modification following notice as provided in SCC 4.26.080. Upon the conclusion of the hearing the council may take such action as it finds appropriate, provided that any budget modification shall be enacted by ordinance in the same manner as other ordinances. (Added by Amended Ord. 07-015, Mar. 21, 2007, Eff date Apr. 7, 2007; Amended by Amended Ord. 08-004, Mar. 26, 2008, Eff date Apr. 20, 2008).