For the purpose of this chapter, the following definition shall apply unless the context clearly indicates or requires a different meaning.
BIENNIAL BUDGET. A budget by the village that provides for a biennial period to determine and carry on the village’s financial and taxing affairs.
BIENNIAL PERIOD. The two fiscal years comprising a biennium commencing in odd-numbered or even-numbered years used by the village in determining and carrying on its financial and taxing affairs.
PUBLIC FUNDS. All money, including non-tax money, used in the operation and functions of governing bodies. If the village has a lottery established under the state’s County and Village Lottery Act, only those net proceeds which are actually received by the village from a licensed lottery operator shall be considered PUBLIC FUNDS, and PUBLIC FUNDS shall not include amounts awarded as prizes.
(1997 Code, § 1-801-01) (Ord. 01-14, passed 3-11-2014)
Statutory reference:
Related provisions, see Neb. RS 13-503