Charter reference: Creation of bonded indebtedness, § C-22.
State law reference: Public Finance Act of 1991, Code of Virginia, § 15.2-2600 et seq.
The Finance Committee and the Town Manager, subject to the supervision of the Council, shall have exclusive control of the financial matters of the Town.
The Finance Committee and the Town Manager shall annually prepare and present to the Council a budget estimate for the next fiscal year for the assistance of the Council in preparation of the budget required by state law.
State law reference: Budgets, Code of Virginia, § 15.2-2500 et seq.