City of Oneonta, NY
Otsego County
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Table of Contents
Table of Contents
[Amended 6-7-2016 by L.L. No. 1-2016]
A. 
Instructions to departments. On or before August 1 of each year, the Director of Finance shall consult with the City Manager, Mayor, and Common Council to establish budget guidelines for the next fiscal year. The Director of Finance shall forward these guidelines and budget forms to the head of each City department, and to all other City agencies with direct budget allocation.
B. 
Planning and budgeting workshop. The City Manager shall convene a planning and budgeting workshop for City department heads on or before August 31. Department heads may designate an employee to serve as budget manager and attend the workshop in their stead.
C. 
Submission of budget requests.
(1) 
On or before September 30:
(a) 
Department heads shall submit draft department budgets and explanatory narrative to the Director of Finance.
(b) 
City commissions, boards or other agencies requiring direct budget allocations shall submit their budget requests to the Director of Finance.
(2) 
On or before October 15, the Director of Finance shall submit a report to the City Manager that includes:
(a) 
A detailed statement of estimated revenues and items of expense of the City for the next fiscal year.
(b) 
An itemized statement of the principal and interest of all bonded and other indebtedness of the City that will fall due during the next fiscal year.
(c) 
An updated five-year capital budget plan.
D. 
Preparation and submission of draft budget. The City Manager shall review the draft budget and may revise revenue, expense, and capital items. S/he shall submit the draft budget to the Common Council at least one week prior to its second meeting in November.
[Amended 6-7-2016 by L.L. No. 1-2016]
The budget shall include a five-year capital plan. The first year of the capital plan shall be included in the budget for the ensuing year. The five-year plan shall include:
A. 
A clear general summary of its contents.
B. 
A list of all capital projects to be undertaken during the ensuing five fiscal years, including those under way.
C. 
Cost estimates, sources of funding and, where appropriate, recommended time schedules for each project.
[Amended 6-7-2016 by L.L. No. 1-2016]
A. 
Revision of estimates. The Common Council shall review the draft spending and revenue plan for the ensuing year at its second meeting in November, or at a special meeting. It may, by a 2/3 vote of its members, revise any budget lines, except those of the Library Board. By simple majority vote, it shall approve the proposed budget, as amended, for the City for the ensuing fiscal year. Copies of the proposed budget shall be made available for inspection by any person.
B. 
Finalization of budget. The Common Council shall hold a public hearing on the proposed budget at least one week before its first regular meeting in December. The Common Council shall vote on the adoption of the budget at its regular meeting following the public hearing. Adoption of the budget requires an affirmative vote of a majority of the Common Council. Immediately after the adoption of the budget, the Common Council shall levy all regular and special taxes required to defray the approved expense plan.
C. 
Failure to adopt budget. In the event that the Common Council fails to adopt a budget by December 10, the budget for the current year shall become the budget for the ensuing fiscal year, modified only to add any increased expenditures resulting from previously approved contracts or other obligations of the City.
The Common Council may approve transfers within departments and between departments or other budget units. The City Manager may approve transfers up to limits established by the Common Council and may delegate authority to approve transfers to the Director of Finance.