2011 Vermont Code
Title 24 Appendix Municipal Charters
Chapter 113 TOWN OF COLCHESTER
§ 602 Preparation and submission

§ 113-602. Preparation and submission

(a) The Town Manager, at least 75 days before the annual town meeting, or at such previous time as the manager may be directed by the selectmen, shall submit to the selectmen a budget containing:

(1) An estimate of the financial condition of the town as of the end of the fiscal year.

(2) An itemized statement of appropriations recommended for current expenses, and for capital improvements, during the next fiscal year; with comparative statements of appropriations and estimated expenditures for the current fiscal year and actual appropriations and expenditures for the immediate preceding fiscal year.

(3) An itemized statement of estimated revenues from all sources, other than taxation, for the next fiscal year; and comparative figures of tax and other sources of revenue for the current and immediate preceding fiscal years.

(4) A capital budget for the next five fiscal years, showing anticipated capital expenditures, financing, and source of funding.

(b) The annual budget should be presented as follows:

(1) The town manager shall formally present the manager's budget to selectmen at a public meeting, and provide such other information as may be requested by the board.

(2) The selectmen shall have thirty-five days to review, and approve the recommended budget with or without change.

(3) Not later than 45 days prior to the annual town meeting the selectmen shall hold at least one public hearing to present and explain their proposed budget.

(4) Not less than 15 days prior to the annual town meeting the town manager shall print and distribute the selectmen's recommended budget and the final warning of the pending town meeting.