§ 5-506 Form and content of tentative budget. 1. The tentative budget shall consist of the following schedules and statements:

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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.