Section 19.05. Budgets.

 

(1)   Definitions. In this chapter:

(a) "Long-term debt" means general obligation debt payable over a period that exceeds one year.

(b) "Municipal operating budget" means the total adopted general fund budgeted expenditures, including inter-fund transfers out to other funds and less any principal and interest payments on long-term debt budgeted in the general fund.

(2)   General. Municipalities that receive an expenditure restraint worksheet shall submit to the department of revenue the municipal operating budgets for the year of the statement and the preceding year. These budgets are due on or before the same dates as the expenditure restraint worksheet.

(3)   Content.

(a) The budgets shall include all of the following except as provided in par. (b) :

1. All revenues, by major revenue source.

2. All expenditures, by major expenditure category.

3. Any financing source and use not included under subds. 1. and 2.

(b) For 1994 and subsequent years' payments, the budgets described in sub. (1) shall be summarized in compliance with s. 65.90 , Stats., and in the format prescribed by the department of revenue.

History: Cr. Register, July, 1991, No. 427 , eff. 8-1-91; am. (1) (intro.), (b) and (2), Register, December, 1998, No. 516 , eff. 1-1-99.