Source: https://ecode360.com/9032090
Timestamp: 2018-12-11 06:57:27
Document Index: 773682252

Matched Legal Cases: ['§ 43', '§ 43', '§ 43', '§ 43', '§ 43', '§ 43', '§ 43', '§ 70', '§ 79', '§ 79', '§ 70', '§ 74', '§ 43', '§ 70']

Village of Balsam Lake, WI Finance and Taxation
§ 43-1 Preparation of tax roll and tax receipts.
§ 43-2 Fiscal year.
§ 43-3 Budget.
§ 43-4 Changes in budget.
§ 43-5 Village funds to be spent in accordance with appropriation.
§ 43-6 Claims procedure.
§ 43-7 Duplicate Treasurer's bond eliminated.
Chapter 43: Finance and Taxation
[HISTORY: Adopted by the Village Board of the Village of Balsam Lake 11-5-1990 as Ch. 3 of the 1990 Code. Amendments noted where applicable.]
Chapter 43 : Finance and Taxation
Aggregate tax stated on roll. Pursuant to § 70.65(2), Wis. Stats., the Clerk-Treasurer shall, in computing the tax roll, insert only the aggregate amount of state, county, local, school and other general property taxes minus credits applied under § 79.10(9), Wis. Stats., except credits determined under § 79.10(7m), Wis. Stats., in a single column in the roll opposite the parcel or tract of land against which the tax is levied or, in the case of personal property, in a single column opposite the name of the person against whom the tax is levied. Each tax bill or receipt shall show the purpose for which the taxes are to be used, giving the breakdown for state, county, local, school and other general property taxes. The tax roll shall indicate all corrections made under §§ 70.43 and 70.44, Wis. Stats.
Tax receipts. The Village Clerk-Treasurer shall use the tax receipts furnished by the County Clerk as provided in § 74.19, Wis. Stats.[1]
Departmental estimates. When requested by the Finance Committee each year, each officer, department and committee shall file with the Village Clerk-Treasurer an itemized statement of disbursements made to carry out the powers and duties of such officer, department or committee during the preceding fiscal year and a detailed statement of the receipts and disbursements on account of any special fund under the supervision of such officer, department or committee during such year and of the conditions and management of such fund, and also detailed estimates of the same matters for the current fiscal year and for the ensuing fiscal year. Such statements shall be presented in the form prescribed by the Village Clerk-Treasurer, shall be designated as "Departmental Estimates," and shall be as nearly uniform as possible for the main division of all departments.
Finance Committee to prepare.
Budget to include. Each year the Finance Committee shall prepare and submit to the Board a proposed budget presenting a financial plan for conducting the affairs of the Village for the ensuing calendar year. The budget shall include the following information:
Copies. The Village shall provide a reasonable number of copies of the budget thus prepared for distribution to citizens.
Hearing. The Board shall hold a public hearing on the budget as required by law. Following the public hearing, the proposed budget may be changed or amended and shall take the same course in the Board as ordinances.
The amount of the tax to be levied or certified, the amounts of the various appropriations and the purposes thereof shall not be changed after approval of the budget except by a two-thirds vote of the entire membership of the Village Board. Notice of such transfer shall be given by publication within 15 days thereafter in the official Village newspaper.
No money shall be drawn from the treasury of the Village, nor shall any obligation for the expenditure of money be incurred, except in pursuance of the annual appropriation in the adopted budget or when changed as authorized by § 43-4 of this chapter. At the close of each fiscal year, any unencumbered balance of an appropriation shall revert to the general fund and shall be subject to reappropriation, but appropriations may be made by the Board, to be paid out of the income of the current year, in furtherance of improvements or other objects or works which will not be completed within such year, and any such appropriation shall continue in force until the purpose for which it was made shall have been accomplished or abandoned.
Village Board to audit accounts. No account or demand against the Village, except as provided in Subsection C, shall be paid until it has been audited by the Village Board and an order drawn on the Village treasury therefor. Every such account shall be itemized. After auditing, the Village Board shall cause to be endorsed by the Clerk-Treasurer, over his hand on each account, the words "allowed" or "disallowed," as the fact is, adding the amount allowed, if any, and specifying the items or parts of items disallowed, if disallowed in part only. The minutes of the proceedings of the Board shall show to whom and for what purpose every such account was allowed and the amount. Every such account or demand allowed in whole or in part shall be filed by the Clerk-Treasurer and those of each year consecutively numbered and have endorsed the number of the order on the treasury issued in payment, and the Clerk-Treasurer shall take a receipt thereon for such order.
Claims to be verified. All accounts, demands or claims against the Village shall be verified by the claimant or proper official.
Bond eliminated. The Village elects not to give the bond on the Village Treasurer provided for by § 70.67(1), Wis. Stats.
Clerk to file with county. The Village Clerk shall file a certified copy of this section with the County Treasurer.