Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1958-04-17
Legal Advertisement

fiscal year, dIlQ dL SQCll OtAlC4
tunes as the council may require,
a complete financial report to
the council through the mayor.
(e) Ascertain that all taxable
property within the town Is as
seSsed Tor taxation.
(f) Collect all taxes, special
assessments, license fees, liens,
ana all other revenues (lncludlng
utility revenueS) of the town, and
all other revenues for whose col
lection the town is responsible,
and receive any funds receivable
by the town.
(g) Have custody of all public
moneys, belonging to or under
the control OF the town, except
as to funds in the control OF any
set OF trustees, and have CUSTODY
of all bonds and notes of the
town.
(h) Do such other things in
relation to the fiscal or financial
affairs of the town as the mayor
or the council may require or as
may be required elsewhere in
this charter.
"A. The clerk-treasurer shall
provide a bond with such cor
porate surety and in such amount
as the council by ordinance may
require.
As. The town shall operate on
an annual budget. The fiscal
year of the town shall begin on
the first day of July and shall
end on the last day of June in
each year. Such fiscal year shall
constitute the tax year, the bud
get year, and the accounting
year.
40. The mayor, on such date as
the council by ordinance shall de-
termine, but at least thirty-two
days before the beginning of any
fiscal year, shall submit a budget
to the council. The budget shall
provide complete financial plan
for the budget year and shall
contain estimates of anticipated
revenues and proposed expendi-
lures for the coming year. The
total of the anticipated revenues
shall equal or exceed the total
of the proposed expenditures.
The budget shall be public rec
ord in the office of the clerk
treasurer, open to public inspec-
ton by anyone during normal
business hours.
AZ. Before adopting the budget
the council shall hold a public
hearing thereon after two weeks
notice thereof in some newspaper
or newspapers having general
circulation within the munich
patty. The council may insert
new items or may increase or de.
crease the items of the budget.
Where the council shall increase
the total proposed expenditures it
shall also increase the total an
ticipated revenues in an amount
at least equal to such total pro-
posed expenditures. The budget
shall be prepared alru adopted in
the form of an ordinance. n
favorable vote of at least a ma
iority of the total elected mem
berShip of the council shall be
necessary for adoption.
48. No public money may be
expended without having been
appropriated by the council.
From the effective date of the
budget, the several amounts
stated therein as proposed expen.
ditureS shall be and become APP
propriated to the several objects
and purposes named therein.
40. Any transfer of funds be-
tween major appropriations for
different purposes by the mayor
must be approved by the council
before becoming effective.
so. No officer or employee
shall during any budget year ex-
pend or contract to expend any
money or incur any liability or
enter into any contract which by
its terms involves the expendi.
ture of money for any purpose,
in excess of the amounts appro-
priated for or transferred to that
general classification of expendi-
ture pursuant to this charter.
Any contract, verbal or written,
made in violation of this charter
shall be null and void. Nothing
in this section contained, how.
ever, shall prevent the making
of contracts or the spending of
money for capital improvements
to be financed in whole or in part
by the issuance of bonds, nor the
making of contracts of lease or
for services for period exceed
ing the budget year in which such
contract is made, when such con-
tract is permitted by law.
81. All appropriations shall
lapse at the end of the budget
year to the extent that they shall
not have been expended or law
fully encountered. Any unex-
pended and unencumbered funds
shall be considered surplus at
the end of the budget year and
shall be included among the an
ticipated revenues for the next
succeeding budget year.
50. All checks issued in pay
ment of salaries or other munich
pal obligations shall be issued
and signed by the clerk-treasurer
and shall be countersigned by the
mayor.
So. All real property and all
tangible personal property within
the corporate limits of the town,
or personal property which may
have a Situs there by reason
Of the residence of the owner
therein, shall be subject to taxa
ton for municipal purposes, and
the assessment used shall be the
same as that for State and coun-
ty taxes. No authority is given