(A) Departmental estimates. When requested by the Personnel and Finance Committee, each year each officer, department, and committee shall file with the Village Administrator/Clerk an itemized statement of disbursements made to carry out the powers and duties of such officer, department, or committee during the preceding fiscal year, and a detailed statement of the receipts and disbursements on account of any special fund under the supervision of such officer, department, or committee during such, and of the conditions and management of such fund; also detailed estimates of the same matters for the current fiscal year and for the ensuing fiscal year. Such statements shall be presented in the form prescribed by the Village Administrator/Clerk and shall be designated as “departmental estimates”, and shall be as nearly uniform as possible for the main division of all departments.
(B) Personnel and Finance Committee to prepare; information included. Each year, the Personnel and Finance Committee of the Village Board shall prepare and submit to the Board a proposed budget presenting a financial plan for conducting the affairs of the village for the ensuing calendar year. The budget shall include the following information:
(1) The expense of conducting each department and activity of the village for the ensuing fiscal year and corresponding items for the current year and last preceding fiscal year, with reasons for increase or decrease recommended as compared with appropriations for the current year;
(2) An itemization of all anticipated income of the village from sources other than general property taxes and bonds issued, with a comparative statement of the amounts received by the village from each of the same or similar sources for the last preceding and current fiscal year;
(3) An itemization of the amount of money to be raised from general property taxes which, with income from other sources, will be necessary to meet the proposed expenditures; and
(4) Such other information as may be required by the Village Board and state law. The Board shall publish a summary of the budget as required by law and provide a reasonable number of copies of the detailed budget thus prepared for distribution to citizens.
(C) Budget summary. The Village Administrator/Clerk shall prepare a summary of the budget and shall publish the notice required under Wis. Stats. § 65.90(3)(a). Pursuant to Wis. Stats. § 65.90(3)(b), the budget summary shall include the following:
(1) All expenditures, by major expenditure category;
(2) All revenues by major revenue source;
(3) Any financing source and use not included under divisions (C)(1) and (C)(2) above; and
(4) All beginning and year-end fund balances.
(D) Resolution, hearing. The Personnel and Finance Committee shall submit to the Village Board, at the time the annual budget is submitted, the draft of an appropriation resolution providing for the expenditures proposed for the ensuing fiscal year. Upon the submission of the proposed resolution to the Board, it shall be deemed to have been regularly introduced therein. The Board shall hold a public hearing on the budget and the proposed appropriation resolution as required by law. Following the public hearing, the proposed appropriation resolution may be changed or amended and shall take the same course as other ordinances.
(E) Changes in budget. The Village Board may, pursuant to Wis. Stats. § 65.90(5), at any time by a two-thirds vote of the entire membership, transfer any portion of an unencumbered balance of an appropriation to any other purpose or object. Notice of such transfer shall be given by publication within ten days thereafter in the official village newspaper.
(Prior Code, § 3.04)