On or before the first Monday in November of each year the village board shall prepare and submit 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:
A. 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.
B. An estimate 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.
C. Such other information as may be required by the board and by state law.
The village shall provide a copy of the budget thus prepared. (1968 Code § 2.03; amd. 1981 Code)