§ 6-23. Compilation and contents of budget.

The Budget Officer shall compile a budget which contains estimates of revenues available to the village for the fiscal year for which the budget is drafted, together with recommended expenditures for the village and all of its departments, commissions, and boards. Revenue estimates and expenditure recommendations shall be presented in a manner which is in conformity with good fiscal management practices. Substantial conformity to a chart of accounts recommended by the National Committee on Governmental Accounting, the Auditor of Public Accounts of the State, or the Division of Local Government Affairs and Property Taxes of the Department of Revenue of the State or successor agencies thereof shall be deemed proof of such conformity. The budget shall contain actual or estimated revenues and expenditures for the two years immediately preceding the fiscal year for which the budget is prepared. So far as is possible, the fiscal data for such two preceding fiscal years shall be itemized in the manner which is in conformity with the chart of accounts recommended above. Each budget shall show the specific fund from which each anticipated expenditure shall be made.

(Code 1993, § 6-2.3; Ord. No. 2014-O-64, 11-11-2014)