§ 2-7-47. Formal budget document.

   (a)   The budget procedures shall require the presentation of a formal budget document which shall:

      (1)   Be available to the public upon request;

      (2)   Be a comprehensive financial plan showing all receipts and all expenditures from all funds for the past and current years and current requests;

      (3)   Set forth county fiscal policy and significant changes in policy;

      (4)   State the debt service requirements;

      (5)   Contain any other information the county commissioners may deem advisable; and

      (6)   Be balanced as to revenues and expenditures for all funds.

   (b)   The document shall include a current expense budget, a capital budget, and capital program. The capital program shall set forth clearly the plan of proposed capital projects to be undertaken in the ensuing fiscal year and the next 5 fiscal years and the proposed means of financing them. The capital budget shall include a statement of the receipts anticipated during the ensuing fiscal year from all borrowing and from other sources for capital projects. The budget procedures shall provide for public hearings on the budget and the capital improvements program and shall also provide that the enacted budget will be reproduced and available to the public upon request.

(Code 1959, § 8-31; 1963, Chapter 825, § 14: 1977, Chapter 83, § 2; 1988, Chapter 400, § 1)