§ 35.02  PROPOSED BUDGET STATEMENT; CONTENTS; FILING; HEARING AND THE LIKE.
   (A)   (1)   The governing body shall prepare in writing and file with the Municipal Clerk, not later than August 1 of each year on forms prescribed and furnished by the Auditor of Public Accounts, a proposed budget statement containing the following information, except as provided by state law:
         (a)   For the immediate two prior fiscal years, the revenue from all sources, including motor vehicle taxes, other than revenue received from personal and real property taxation, allocated to each of the several funds and separately stated as to each such source and for each fund; the unencumbered cash balance of such fund at the beginning and at the end of the year; the amount received by taxation of personal and real property allocated to each fund; and the amount of actual expenditure for each fund;
         (b)   For the current fiscal year, actual and estimated revenue from all sources, including motor vehicle taxes, allocated to each of the several funds and separately stated as to each such source and for each fund; the actual unencumbered cash balance available for such fund at the beginning of each year; the amount received from personal and real property taxation allocated to each fund; and the amount of actual and estimated expenditure, whichever is applicable. Such statement shall contain the cash reserve for each such fund for each fiscal year and shall note whether or not such reserve is encumbered. Such cash reserve projections shall be based upon the actual experience of prior years. The cash reserve shall not exceed 50% of the total budget adopted for such fund exclusive of capital outlay items;
         (c)   For the immediately ensuing fiscal year, an estimate of revenue from all sources, including motor vehicle taxes, other than revenue to be received from taxation of personal and real property, separately stated as to each such source, to be allocated to each of the several funds, and for each fund; the actual or estimated unencumbered cash balances, whichever is applicable, to be available at the beginning of the year; the amounts proposed to be expended during the year; and the amount of cash reserve, based on actual experience of prior years, which cash reserve shall not exceed 50% of the total budget adopted exclusive of capital outlay items;
         (d)   A statement setting out separately the amount sought to be raised from the levy of a tax on the taxable value of real property:
            1.   For the purpose of paying the principal or interest on bonds issued by the governing body; and
            2.   For all other purposes.
         (e)   A uniform summary of the proposed budget statement which shall include a separate total for each fund, including each proprietary function fund included in a separate proprietary budget statement prepared pursuant to the Municipal Proprietary Function Act, and a grand total of all funds maintained by the governing body; and
         (f)   A list of the proprietary functions which are not included in the budget statement if a separate proprietary budget statement has been prepared for such proprietary functions pursuant to the Municipal Proprietary Function Act, being Neb. RS 18-2801 to 18-2808.
      (2)   The actual or estimated unencumbered cash balance of each fund required to be included in the budget statement by this section shall include deposits and investments of the municipality as well as any funds held by the County Treasurer for the municipality and shall be accurately stated on the proposed budget statement.
      (3)   The estimated expenditures, plus the required cash reserve for the ensuing fiscal year less all estimated and actual unencumbered balances at the beginning of the year and less the estimated income from all sources, including motor vehicle taxes, other than taxation of personal and real property shall equal the amount to be received from taxes, and such amount shall be shown on the proposed budget statement filed pursuant to this section. The amount to be raised from taxation of personal and real property, as determined above, plus the estimated revenue from other sources, including motor vehicle taxes, and the unencumbered balances shall equal the estimated expenditures, plus the necessary required cash reserve, for the ensuing year.
(Prior Code, § 1-802)
   (B)   (1)   After the filing of the proposed budget statement with the Municipal Clerk, the governing body shall each year conduct a public hearing on the proposed budget statement. Notice of the place and time of the hearing, together with a summary of the proposed budget statement, shall be published at least five days prior to the date set for the hearing in a newspaper of general circulation within the municipality or by direct mailing of the notice to each resident within the municipality.
      (2)   After the hearing, the proposed budget statement shall be adopted, or amended and adopted as amended, and a written record shall be kept of such hearing. The amount to be received from personal and real property taxation shall be certified to the levying board after the proposed budget amendment is adopted, or is amended and adopted as amendment. The certification of the amount to be received from personal and real property taxation shall specify separately:
         (a)   The amount to be applied to the payment of principal or interest on bonds issued by the governing body; and
         (b)   The amount to be received for all other purposes.
      (3)   If the adopted budget amendment reflects a change from that shown in the published proposed budget statement, a summary of such changes shall be published within 20 days after its adoption in the manner provided in this section, but without provision for hearing, setting forth the items changed and the reasons for such changes.
      (4)   When a levy increase has been authorized by vote of the electors, the adopted budget statement shall indicate the amount of levy increase.
(Prior Code, § 1-803)
Statutory reference:
   Related provisions, see Neb. RS 13-506, 13-507