Section 5-506. Form and content of tentative budget

l. The tentative budget
  shall consist of the following schedules and statements:
    a. A  schedule  of  appropriations  for  all  expenses  authorized  or
  required  by  law,  other  than  expenses  of  operation  of a municipal
  electric, gas or steam utility service, or a water utility for which  an
  annual  estimate  is  not  filed pursuant to subdivision five of section
  5-502 of this article, and also for all expenditures to be financed from
  special assessments and proceeds of obligations authorized by the  local
  finance  law.  The  appropriations  shown  on  such  schedule  shall  be
  classified by funds,  administrative  units,  character  and  object  of
  expenditure  and shall be so arranged as to show in parallel columns the
  following comparative information:
    (1) Expenditures for the last completed fiscal year;
    (2) Appropriations for the current fiscal year reflecting supplemental
  appropriations to a date not more than  forty-five  days  prior  to  the
  filing of the tentative budget with the village clerk; and
    (3)  The  budget  officer's recommended appropriations for the ensuing
  fiscal  year.  Such  schedule  may  contain  an  amount  recommended  as
  necessary  to  be appropriated for contingencies, which amount shall not
  exceed ten per centum of the total  of  other  appropriations  excluding
  debt  service and judgments. A statement of the amount recommended to be
  appropriated for a reserve for uncollected taxes may also  be  included,
  which amount shall be not less than the principal amount of taxes levied
  by  the  board  of  trustees  for  the  last  completed  fiscal year and
  remaining uncollected at the end of such year, including the  amount  of
  such  taxes sold to the village at tax sale and unredeemed at the end of
  such last completed fiscal year.
    b. A schedule of estimated revenues to  be  received  by  the  village
  during the ensuing fiscal year other than real estate taxes to be levied
  as stated in paragraph e of subdivision one of this section, income from
  operations  of  a  municipal electric, gas or steam utility service or a
  water utility for which an annual estimate is  not  filed,  pursuant  to
  subdivision  five  of section 5-502 of this article, proceeds of special
  assessments for capital projects and proceeds of obligations  authorized
  by  the local finance law. The estimated revenues shown on such schedule
  shall be classified by funds and itemized as to sources and shall be  so
  arranged  as  to  show  in  parallel  columns  the following comparative
  information:
    (1) revenues for the last completed fiscal year;
    (2)  estimated  revenues  for  the  current  fiscal  year   reflecting
  modifications  to  a  date  not  more  than forty-five days prior to the
  filing of the tentative budget with the village clerk; and
    (3) the budget officer's estimate of revenues for the  ensuing  fiscal
  year.
    c. A schedule of fund balances estimated to be on hand at the close of
  the  current fiscal year, classified by funds, 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  unappropriated
  unreserved  fund  balance,  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 village government and the
  continued provision of services, 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
  village's  experience  in  prior  fiscal  years. Such schedule shall not

  include fund balance of any fund established as the result  of  issuance
  and  sale of obligations pursuant to the provisions of the local finance
  law.
    d.  A schedule of each special reserve fund showing for each such fund
  the purpose for which established and by  parallel  columns  the  amount
  therein  as  of a date not more than forty-five days prior to the filing
  of the tentative budget, and the amount, if any, recommended to be spent
  therefrom to meet  appropriations  for  the  ensuing  fiscal  year.    A
  requirement  of  law  that  an expenditure from any such reserve fund be
  subject to a permissive or mandatory referendum shall  not  prevent  the
  inclusion  of  a  recommendation  for  such expenditure in the tentative
  budget.
    e. A schedule showing the computation of the amount to  be  levied  on
  real  estate  which  amount shall be equal to the difference between the
  total of  all  recommended  appropriations  as  shown  in  the  schedule
  required by paragraph a of subdivision one of this section and the total
  of estimates shown in the schedules required by paragraph b through d of
  subdivision  one  of this section. Such schedule shall be so arranged as
  to show such recommendations and estimates by funds in parallel columns.
    f. A schedule of  wages  and  salaries  to  be  paid  which  shall  be
  subdivided  by  administrative units and shall show in parallel columns,
  for each office or position of employment,  the  title,  the  number  of
  persons in the title, the recommended rate of compensation for the title
  and  the  total recommended appropriation for the title.  g. A statement
  of the  estimated  income  and  proposed  expenditures  of  a  municipal
  electric,  gas  or steam utility service or a water utility for which an
  annual estimate is not filed, pursuant to subdivision  five  of  section
  5-502  of  this article which shall be in the form and detail prescribed
  in subdivision four of section 5-502 of this article.
    2. The tentative budget shall include any other data which  the  board
  of  trustees  may,  by  resolution,  require or which the budget officer
  shall deem advisable.