[Added 4-9-2019 by L.L. No. 24-2019]
A.
The term "expense budget" shall have the same meaning as that term is used in § C4-6 or any successor law of the Suffolk County Charter.
B.
Not later than 60 days after the adoption of the County expense budget pursuant to § C4-10 of the Suffolk County Charter or any successor law, the County Executive shall submit to the County Legislature a four-year financial plan ("financial plan") consistent with § C4-6 of the Suffolk County Charter or any successor law.
C.
The financial plan shall contain a detailed statement explaining the main features of the adopted expense budget and a general summary thereof, with supporting schedules which shall exhibit the aggregate figures of the adopted expense budget in such manner as to show a balanced relationship between the total estimated expenditures and the total estimated income for the fiscal year, and for each of the next three successive fiscal years. Whenever during a fiscal year it shall appear probable to the County Executive that the revenue available for such year will be insufficient to meet expenses, the financial plan shall include recommendations as to the action which should be taken to eliminate the difference. The financial plan may include but not be limited to the assumptions about revenues, expenditures and the factors affecting them; identify and describe all reserves and all unreserved fund balances that are available to make one-time payments and offset unforeseen or unusual expenditure increases or reductions in revenue; identify and describe contingencies that may challenge the success of the financial plan, and which may be available or which may occur to enhance the probability of the success of the financial plan.
D.
Expenditure and revenue estimates for each of the major funds shall be at the following summary levels:
E.
The Legislative Budget Review Office will review the financial plan and issue a report within 45 days of submission to the Legislature pursuant to Subsection B of this section. The Presiding Officer of the County Legislature may extend this deadline on the request of the Legislative Budget Review Office, but this extension shall not exceed 30 days.
F.
Nothing contained herein shall be construed to restrict any power of the County Executive or County Legislature conferred under any other law, rule or regulation.
[1]
Editor's Note: Former § A4-1, Calendar for submission of budget information to and by department heads; submission of information to Suffolk Annual Verification for Economics Task Force, derived from Charter Sec. 406, as amended 4-22-1980 by L.L. No. 14-1980, was repealed 4-20-1993 by L.L. No. 16-1993.