2174                                  Municipal Charters

Section 54-30. Same—Powers and Duties.

Under the supervision of the mayor, the clerk-treasurer shall have
authority and shall be required to:

(1)   Prepare at the request of the mayor an annual budget to be sub-
mitted by the Mayor to the council.

(2)   Supervise and be responsible for the disbursement of all monies
and have control over all expenditures to assure that budget appropria-
tions are not exceeded.

(3)    Maintain a general accounting system for the Town in such form
as the council may require, not contrary to State law.

(4)     Submit at the end of each fiscal year, and at such other times
as the council may require, a complete financial report to the council
through the mayor.

(5)   Ascertain that all taxable property within the Town is assessed
for taxation.

(6)   Collect all taxes, special assessments, license fees, liens, and all
other revenues (including utility revenues) of the Town, and all other
revenues for whose collection the Town is responsible, and receive any
funds receivable by the Town.

(7)   Have custody of all public monies belonging to or under the con-
trol of the Town, except as to funds in the control of any set of trustees,
and have custody of all bonds and notes of the Town.

(8)   Do such other things in relation to the fiscal or financial affairs
of the Town as the mayor or the council may require or as may be re-
quired elsewhere in this charter.

Section 54-31. Fiscal Year.

The Town shall operate on an annual budget. The fiscal year shall be-
gin on the first day of July in any year and end on the last day of June
in the following year. The fiscal year constitutes the tax year, the budget
year, and the accounting year.

Section 54-32. Budget.

1.    (Budget). The mayor, at least 30 days before the beginning of
any fiscal year, shall submit a budget to the Council. The budget shall
provide a complete financial plan for the budget year and shall contain
estimates of anticipated revenues and proposed expenditures for the com-
ing year. The total of the proposed expenditures shall not exceed ninety
per centum (90%) of the total anticipated revenues, including any unex-
pended surplus from the previous year. The remaining ten per centum
(10%) of such total anticipated revenues shall be included in the budget as
a reserve to meet extraordinary or unanticipated expenditures.

2.   (Budget adoption). Prior to adoption of the budget the Council
shall hold a public hearing thereon after five days notice of such hearing
has been given by posting in a public place within the Town or by publica-
tion in a paper having general circulation within the Town. The Council
may insert new items or may increase or decrease the items of the budget.
If the Council increases the total proposed expenditures it shall also in-
crease the total anticipated revenues in such amount that the total pro-
posed expenditures shall not exceed ninety per centum (90%) of the total