[R.O. 2012 §130.015; CC 1987 §22.170]
To the maximum extent practicable, and to the extent it does
not conflict with State law, this Code or other ordinance, the budget
shall be prepared in accordance with generally accepted accounting
principles.
[R.O. 2012 §130.025; CC 1987 §22.130]
The Board of Trustees shall by ordinance adopt the Village budget.
[R.O. 2012 §130.030; CC 1987 §§22.120, 22.180]
A. The
budget shall be prepared under the direction of a Budget Officer.
Except as otherwise provided by law or ordinance, the Budget Officer
shall be the Treasurer or such other person designated by the Board
of Trustees of the Village. All officers and employees shall cooperate
with and provide to the Budget Officer such information and such records
as he/she shall require in developing the budget. The Budget Officer
shall review all the expenditure requests and revenue estimates, after
which he/she shall prepare the proposed budget as defined herein.
B. After
the Budget Officer has prepared the proposed budget, he/she shall
submit it, along with such supporting schedules, exhibits, and other
explanatory material as may be necessary for the proper understanding
of the financial needs and position of the Village to the Board of
Trustees. He/she shall submit at the same time complete drafts of
such orders, motions, resolutions or ordinances as may be required
to authorize the proposed expenditures and produce the revenues necessary
to balance the proposed budget.
C. Budget Officer Shall Report Monthly. Each month throughout
the fiscal year, the Budget Officer shall prepare and furnish to each
Trustee of the Village a report showing the figures for each department
along with amounts received or expended to date for each item of the
budget.
[R.O. 2012 §130.040]
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.
[R.O. 2012 §130.050]
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.