For the purpose of this chapter, the following definitions 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 Nebraska County and City 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.
(Neb. RS 13-503) (Am. Ord. 543, passed 3-11-14)