1.    On or before August tenth of each year, after the governing body has prepared the preliminary budget statement, the auditor of the municipality shall:

a.    Provide the county auditor with a copy of the preliminary budget statement.

    b.    Set a public budget hearing date no earlier than September seventh and no later than October seventh for the purpose of adopting the final budget and making the annual tax levy.

c.    Provide notice of the public budget hearing date to the county auditor.

2.    For municipalities anticipating levying less than one hundred thousand dollars in the current year, notice must:

a.    Contain a statement of the total proposed expenditures for each fund in the preliminary budget, but need not contain any detailed statement of the proposed expenditures; b.    Be published at least once, not less than six days prior to the budget hearing, in a newspaper published in the municipality, if there is one, and if no newspaper is published in the municipality, the notice must be published not less than six days prior to the meeting in the official city newspaper as provided by section 40-01-09; and

c.    Provide that any taxpayer may appear and discuss with the governing body any item of proposed expenditures or may object to any item or amount.