2023 New York Laws › VIL - Village › Article 5 - Finances › 5-506 - Form and Content of Tentative Budget.

§  5-506 Form and content of tentative budget. 1. The tentative budget
shall consist of the following schedules and statements:
a. A  schedule  of  appropriations  for  all  expenses  authorized  or
required  by  law,  other  than  expenses  of  operation  of a municipal
electric, gas or steam utility service, or a water utility for which  an
annual  estimate  is  not  filed pursuant to subdivision five of section
5-502 of this article, and also for all expenditures to be financed from
special assessments and proceeds of obligations authorized by the  local
finance  law.  The  appropriations  shown  on  such  schedule  shall  be
classified by funds,  administrative  units,  character  and  object  of
expenditure  and shall be so arranged as to show in parallel columns the
following comparative information:
(1) Expenditures for the last completed fiscal year;
(2) Appropriations for the current fiscal year reflecting supplemental
appropriations to a date not more than  forty-five  days  prior  to  the
filing of the tentative budget with the village clerk; and
(3)  The  budget  officer's recommended appropriations for the ensuing
fiscal  year.  Such  schedule  may  contain  an  amount  recommended  as
necessary  to  be appropriated for contingencies, which amount shall not
exceed ten per centum of the total  of  other  appropriations  excluding
debt  service and judgments. A statement of the amount recommended to be
appropriated for a reserve for uncollected taxes may also  be  included,
which amount shall be not less than the principal amount of taxes levied
by  the  board  of  trustees  for  the  last  completed  fiscal year and
remaining uncollected at the end of such year, including the  amount  of
such  taxes sold to the village at tax sale and unredeemed at the end of
such last completed fiscal year.
b. A schedule of estimated revenues to  be  received  by  the  village
during the ensuing fiscal year other than real estate taxes to be levied
as stated in paragraph e of subdivision one of this section, income from
operations  of  a  municipal electric, gas or steam utility service or a
water utility for which an annual estimate is  not  filed,  pursuant  to
subdivision  five  of section 5-502 of this article, proceeds of special
assessments for capital projects and proceeds of obligations  authorized
by  the local finance law. The estimated revenues shown on such schedule
shall be classified by funds and itemized as to sources and shall be  so
arranged  as  to  show  in  parallel  columns  the following comparative
information:
(1) revenues for the last completed fiscal year;
(2)  estimated  revenues  for  the  current  fiscal  year   reflecting
modifications  to  a  date  not  more  than forty-five days prior to the
filing of the tentative budget with the village clerk; and
(3) the budget officer's estimate of revenues for the  ensuing  fiscal
year.
c. A schedule of fund balances estimated to be on hand at the close of
the  current fiscal year, classified by funds, together with a breakdown
of such fund balance estimated for  encumbrances,  amounts  appropriated
for  the  ensuing  fiscal  year's  budget,  amounts  reserved for stated
purposes pursuant to law, including reserve funds  established  pursuant
to   the   general  municipal  law,  and  the  remaining  unappropriated
unreserved  fund  balance,  provided  that   the   remaining   estimated
unappropriated  unreserved fund balance for each fund shall not exceed a
reasonable  amount,  consistent  with   prudent   budgeting   practices,
necessary  to ensure the orderly operation of village government and the
continued provision of services, taking into account factors  including,
but not limited to, the size of the fund, cash flows, the certainty with
which the amounts of revenues and expenditures can be estimated, and the
village's  experience  in  prior  fiscal  years. Such schedule shall not

include fund balance of any fund established as the result  of  issuance
and  sale of obligations pursuant to the provisions of the local finance
law.
d.  A schedule of each special reserve fund showing for each such fund
the purpose for which established and by  parallel  columns  the  amount
therein  as  of a date not more than forty-five days prior to the filing
of the tentative budget, and the amount, if any, recommended to be spent
therefrom  to  meet  appropriations  for  the  ensuing  fiscal  year.  A
requirement  of  law  that  an expenditure from any such reserve fund be
subject to a permissive or mandatory referendum shall  not  prevent  the
inclusion  of  a  recommendation  for  such expenditure in the tentative
budget.
e. A schedule showing the computation of the amount to  be  levied  on
real  estate  which  amount shall be equal to the difference between the
total of  all  recommended  appropriations  as  shown  in  the  schedule
required by paragraph a of subdivision one of this section and the total
of estimates shown in the schedules required by paragraph b through d of
subdivision  one  of this section. Such schedule shall be so arranged as
to show such recommendations and estimates by funds in parallel columns.
f. A schedule of  wages  and  salaries  to  be  paid  which  shall  be
subdivided  by  administrative units and shall show in parallel columns,
for each office or position of employment,  the  title,  the  number  of
persons in the title, the recommended rate of compensation for the title
and the total recommended appropriation for the title.
g.  A statement of the estimated income and proposed expenditures of a
municipal electric, gas or steam utility service or a water utility  for
which  an  annual estimate is not filed, pursuant to subdivision five of
section 5-502 of this article which shall be  in  the  form  and  detail
prescribed in subdivision four of section 5-502 of this article.
2.  The  tentative budget shall include any other data which the board
of trustees may, by resolution, require  or  which  the  budget  officer
shall deem advisable.