N.Y. Town Law § 107: Contents of preliminary budget

§ 107. Contents of preliminary budget. 1. The preliminary budget

shall be in the format prescribed by the state comptroller. The

preliminary budget shall show by funds (a) proposed appropriations and

estimated revenues in accordance with the classification of accounts

prescribed by the state comptroller pursuant to article three of the

general municipal law, (b) estimated fund balances, together with a

breakdown of such fund balance estimated for encumbrances, amounts

appropriated for the ensuing fiscal year's budget, amounts reserved for

stated purposes pursuant to law, including reserve funds established

pursuant to the general municipal law, and the remaining estimated

unappropriated unreserved fund balance for each fund, provided that the

remaining estimated unappropriated unreserved fund balance for each fund

shall not exceed a reasonable amount, consistent with prudent budgeting

practices, necessary to ensure the orderly operation of town government,

taking into account factors including, but not limited to, the size of

the fund, cash flows, the certainty with which the amounts of revenues

and expenditures can be estimated, and the town's experience in prior

fiscal years, (c) the amount of taxes to be levied, (d) salaries of

elected officers, and (e) such other information pertinent to the above

as shall be prescribed by the state comptroller.

2. Such budget may contain for general contingent purposes, an amount

not to exceed ten per centum of the total amount estimated as necessary

to provide for the operation of town government exclusive of the amount

necessary to pay debt service and judgments, estimates for special

district purposes, estimates for the repair and improvement of highways

and estimates for purposes for which real property taxes are required to

be levied on an area less than the entire town. A sum also be included

for special contingent purposes, which amount shall not exceed ten per

centum of the total amount estimated as necessary to provide for the

operation of town government and for which real property taxes are

required to be levied on the area of the town outside villages,

exclusive of the amount required to pay debt service, judgments and

estimates for special district purposes and for the repair and

improvement of highways.

3. Amounts to be raised by tax for highway purposes shall be within

the limitations of section two hundred seventy-one of the highway law.

4. The preliminary budget shall include any other data which the town

board may, by resolution, require.