At such time or times as the Town Manager shall
prescribe, each department, office, board, commission, committee and
agency of the Town, except the Board of Education, shall submit on
forms prescribed by him its estimates of receipts and expenditures
for the ensuing fiscal year.
[Amended 12-13-2016]
At such time or times as the Board of Finance
shall prescribe, the Town Manager shall present to the Board a proposed
budget consisting of the total expenditures and revenues estimated
for the ensuing fiscal year and recommendations thereon along with
the proposed budget of the Board of Education as submitted by the
Board of Education. The Town Government budget as presented by the
Town Manager shall include the annual appropriation to the capital
reserve fund, debt service payments, and transfers to other funds
for noneducation purposes.
Upon receipt of, and consideration of, the Town Council's policy statement, the Board of Finance shall prepare a proposed Town budget as prescribed in Section
5.2 of the East Hampton Town Charter as amended.
During the last month of the fiscal year, upon
recommendation of the Board of Finance as required by C.G.S. § 7-347,
the Town Council may make transfers in the adopted operating budget,
except the Board of Education budget, from unexpended or unencumbered
appropriations in one department to another for the purpose of balancing
accounts to close out the fiscal year.
Noncapital appropriations shall lapse at the
end of the fiscal year for which they were made, and any balance credited
to the General Fund. An appropriation for a capital outlay shall not
lapse, but shall continue from fiscal year to fiscal year until the
object for which the appropriation was made has been accomplished.
If no expenditure for, or encumbrance of, the capital outlay has been
made after three consecutive fiscal years, the Town Council may cancel
said appropriation upon the recommendation of the Board of Finance
and transfer same to another capital outlay or to the capital reserve
fund or a sinking fund for a future capital outlay. All interest earned
by the capital reserve fund shall remain in the fund in a contingency
line item until it is reallocated by the Town Council, upon recommendation
of the Board of Finance, to another capital outlay.
No payroll, bill or other claim against the
Town, except those of the Board of Education, shall be paid until
the same has been audited and endorsed for correctness, legality and
payment by the Town Manager or an officer so designated by him. All
payments shall be by check drawn on a Town bank account bearing the
signature of the Town Manager and the Director of Finance. In the
absence of the Town Manager or Director of Finance, the Controller,
Assistant to the Manager or Town Clerk may substitute for either,
but not both, with the approval of the Town Council, the intention
being that all checks must be signed by two separate persons. All
payroll, bills, or other claims against the Board of Education shall
be audited by said Board and signed by a member or members of the
Board so designated and countersigned by the Town Manager or the Director
of Finance.