2013 Vermont Statutes
Title 24 Appendix Municipal Charters
Chapter 19 CITY OF WINOOSKI
§ 704 Budget

19-704. Budget

(a) Budget. Notwithstanding any prior acts of the voters, the budget for the ensuing fiscal year submitted by the Manager shall clearly define all anticipated operational expenditures for all City departments, offices, or agencies and a sum sufficient to pay the interest and principal for all obligations of the City. The budget shall also include the estimated revenues from taxation, fines, and all other lawful sources necessary to meet the anticipated expenditures. The budget shall be presented by department, office, or agency.

(b) Estimated tax. The budget shall include an estimate of the tax to be levied and assessed upon the grand list of the City for the ensuing fiscal year.

(c) Budget summary. The budget shall include a three-year summary comparison by departments, offices, or agencies which clearly defines the previous fiscal year's budget and actual expenditures, the current fiscal year's budget and anticipated expenditures, and the ensuing fiscal year's budget.

(d) Surplus/deficit. Fund balances shall be carried forward as revenue in the next fiscal year. Fund deficits shall be liquidated in the manner provided by general law.

(e) The budget shall be prepared and managed by the Manager, and shall be monitored by the City Treasurer who shall make timely periodic reports thereof to the Council. (Added 2013, No. M-9, 3, eff. June 4, 2013.)