The Board of Trustees may revise, alter, increase or decrease
the items contained in the proposed budget, subject to such limitations
as may be provided by law; provided, that in no event shall the total
authorized expenditures from any fund exceed the estimated revenues
to be received plus any unencumbered balance or less any deficit estimated
for the beginning of the budget year. Except as otherwise provided
by law, the Board of Trustees shall, before the beginning of the fiscal
year, approve the budget and approve or adopt such orders, motions,
resolutions or ordinances as may be required to authorize the budgeted
expenditures and produce the revenues estimated in the budget.
After the Village has approved the budget for any year and has
approved or adopted the orders, motions, resolutions or ordinances
required to authorize the expenditures proposed in the budget, the
Village shall not increase the total amount authorized for expenditure
from any fund, unless the Board of Trustees adopts a resolution setting
forth the facts and reasons making the increase necessary and approves
or adopts an order, motion, resolution or ordinance to authorize the
expenditures.
[CC 1995 §22.160]
The Budget Committee and the Village Clerk shall prepare a financial
statement of the Village as to the correct monies received and spent
for publication semi-annually. The financial statement may be published
in a local newspaper.