A.
Fiscal year; annual budget. The Town fiscal year is the calendar year. The Town budget shall be adopted annually.
B.
Preparation. The Town Board is responsible for preparation of the proposed budget required under § 65.90, Wis. Stats. In preparing the budget, the Town Board may provide for assistance by any person.
C.
Estimates. When requested by the Chairperson, Town Board or Town Administrator, each officer, department and committee shall annually file with the Town Administrator an itemized statement of disbursements made to carry out the powers and duties of such officer, department or committee during the preceding fiscal year and a detailed statement of the receipts and disbursements on account of any special fund under the supervision of such officer, department or committee during such year, and of the conditions and management of such fund, and detailed estimates of the same matters for the current fiscal year and for the ensuing fiscal year. Such statements shall be presented in the form prescribed by the Town Administrator and shall be designated as "Departmental Estimates" and shall be as nearly uniform as possible for the main division of all departments.
D.
Form of proposed budget. The proposed budget shall include the following information:[1]
(1)
The actual expenditures of each department and activity for the expired portion of the current year, and last preceding fiscal year, and the estimated expense of conducting each department and activity of the Town for the remainder of the current year and ensuing fiscal year, with reasons for any proposed increase or decrease as compared with actual and estimated expenditures for the current year.
(2)
An itemization of all anticipated income of the Town from sources other than general property taxes and bonds issued, with a comparative statement of the amounts received by the Town from each of the same or similar sources for the last preceding and current fiscal year.
(3)
An estimate of the amount of money to be raised from general property taxes which, with income from other sources, will be necessary to meet the proposed expenditures.
(4)
All existing indebtedness of the Town, including the amount of interest payable and principal to be redeemed on any outstanding general obligation bonds of the Town and any estimated deficiency in the sinking fund of any such bonds during the ensuing fiscal year.
(5)
Such other information as may be required by the Board and by state law.
E.
Copies of budget. The Town shall provide a reasonable number of copies of the budget thus prepared for distribution to citizens.
F.
Hearing. The Town Board shall conduct the budget hearing required under § 65.90, Wis. Stats.
G.
Adoption. The Town Board shall adopt the Town budget. The Town Meeting may either retain authority to approve any tax levy needed to support spending approved by the Town Board or may delegate the authority to approve a tax levy to the Board.
H.
Amendment. The Town budget may be amended by the Town Board under § 65.90(5), Wis. Stats.