Section 5-502. Submission of estimates

l. On or before the eighth day of
  February in each year, or such other date as may be applicable  pursuant
  to  section 5-510 of this article, the budget officer shall give written
  notification to the head of  each  administrative  unit  that  he  shall
  submit  estimates,  schedules,  and  statements as hereinafter provided.
  Such notice shall specify the form in which such  information  shall  be
  submitted.
    2.  On  or  before  the first day of March in each year, or such other
  date as may be applicable pursuant to section 5-510 of this  article  or
  section  17-1729  of  article  seventeen, and except as may be otherwise
  provided  in  subdivision  four  of  this  section,  the  head  of  each
  administrative  unit  shall  submit to the budget officer an estimate of
  revenues and expenditures of such administrative unit  for  the  ensuing
  fiscal  year. Such estimate shall show the sources of all revenue, shall
  itemize the character and object of each expenditure and  shall  contain
  such additional information as the budget officer shall prescribe.
    3.  If  the  head  of  an  administrative unit shall fail to submit an
  estimate as herein provided, the budget officer shall forthwith  prepare
  an estimate for such administrative unit.
    4.  An  estimate  shall  not  be  submitted  as  above  provided for a
  municipal electric, gas or steam utility service, but the head  of  such
  utility service shall submit in lieu thereof a statement showing:
    a. The amount required for payment of installments of principal of and
  interest  on  indebtedness  incurred  for the purposes of the service to
  become due and payable during the next fiscal year; and
    b. The estimated operating  and  non-operating  income  and  estimated
  expenditures for the next fiscal year, classified in accordance with the
  requirements  of  the public service commission, but in such detail only
  as the board of trustees shall require; and
    c. A proposed schedule of salaries and wages to be paid  for  personal
  services.
    5.  The board of trustees of a village which owns and operates a water
  utility and which maintains an alternate system of accounts approved  by
  the  state comptroller as defined in subdivision six of section 5-500 of
  this article may require that a statement shall be submitted in lieu  of
  an  estimate  as  in  the  case  of  a municipal electric, gas, or steam
  utility service.