2004-TOWN MEETING RECORDS - Laserfiche WebLink

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Town of Mashpee Charter Adopted May 8, 2004 SECTION 6-5: THE BUDGET The budget shall provide a complete financial plan of all town funds and activities for the ensuing fiscal year and, except as required by law or this charter, shall be in such form as the town manager deems desirable or the finance committee may require for effective management and an understanding of the relationship between the budget and the town's strategic goals. The budget shall begin with a clear general summary of its contents; shall show in detail all estimated income, indicating the proposed property tax levy,and all proposed expenditures, including debt service, for „^ the ensuing fiscal year•, and shall be so arranged as to show comparative figures for actual and estimated income and expenditures for the current fiscal year and actual income and expenditures for the preceding fiscal year.It shall indicate in separate sections: (1) The proposed goals,performance standards and expenditures for current operations during the ensuing fiscal year, detailed for each fund by organization unit, and program,purpose or activity, and the method of financing such expenditures, and methods to measure outcomes and performance related goals; (2) Proposed longer term goals and capital expenditures during the ensuing fiscal year, r detailed for each fund by department or by other high level organization unit when practicable,the proposed method of financing each such capital expenditure and methods to measure outcomes and performance related to the goals;and (3) The proposed goals, anticipated income and expense, profit and loss for the ensuing year for each utility or other enterprise fund or internal service fund operated by the town and methods to measure outcomes and performance related to the goals. For any fund, the total of proposed expenditures shall not exceed the total of estimated income plus fund balance carried forward, exclusive of reserves. SECTION 6-6:ACTION ON THE BUDGET (a) Public Hearing - Forthwith upon its receipt of the proposed operating budget, the finance committee shall provide for the publication of a notice in a local newspaper stating the time and place, not less than seven nor more than fourteen days following such publication, at which it will hold a public hearing on the proposed operating budget as submitted by the town manager. (b) Finance Committee Review - The finance committee shall consider, in open public meetings, the detailed expenditures proposed for each town agency and may confer with representatives of each such agency in connection with its review and consideration. The finance committee shall provide a consolidated report describing estimated total town revenues and expenditures, by category, for the ensuing fiscal year, including the projected or estimated property tax rate used in calculating the estimated revenue to be raised from the property tax, and with comparable figures for estimated and actual revenues and expenditures for the current fiscal year as well as actual revenues and expenditures for the preceding fiscal year. This report shall be included in the finance committee report required by section 2-11 of this u charter. G "` 1 1 The finance committee may require the town manager, or any other town agency, to furnish it with such additional information as it may deem necessary to assist it in its review and consideration of the proposed operating budget. 22 _ ANEW