Section 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.