§ 62.

183 words·~1 min read·/vt/62-4

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§ 62. Preparation and submission of budget

At least 30 days before the date of the annual Town meeting, the Selectboard shall adopt a proposed budget. The budget shall contain:

(1)an estimate of the financial condition of the Town as of the end of the fiscal year and as of the date of submission of the budget;

(2)an itemized statement of appropriations recommended for operating expenses and capital improvements for the proposed fiscal year budget with comparative statements in parallel columns of budgeted and actual expenditures for the preceding fiscal year;

(3)an itemized statement of estimated revenues from all sources other than taxes for the proposed fiscal year budget, a statement of anticipated revenues from taxes required for the proposed fiscal year budget, and comparative statements in parallel columns of budgeted and actual revenues for the preceding fiscal year;

(4)a capital plan for the next five fiscal years, showing anticipated capital expenditures and financing and revenue sources; and

(5)any other information that the Selectboard may decide to include. (Added 2023, No. M-14, § 2, eff. July 1, 2023.)