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; 11-17-2020 by L.L. No. 3-2020]
A. 
Instructions to departments. By the second Common Council meeting in July, the Director of Finance shall consult with the City Administrator, 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. 
Budget meetings. The City Administrator and/or the Director of Finance shall schedule budget meetings with each City department head on or before August 31 to review the department's requests for the ensuing year. 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 August 31:
(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 draft budget to the City Administrator, Mayor and Common Council 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.
(3) 
Additional meetings, as requested by the Common Council, to review changes to the draft budget and five-year capital plan will be scheduled prior to the 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; 11-17-2020 by L.L. No. 3-2020]
A. 
Revision of estimates. The Common Council shall review the tentative budget for the ensuing year at its first meeting in November, or at a special meeting. At their second meeting in November, the Common Council may, by a simple majority vote of its members, revise any budget lines, except those of the Library Board. By simple majority vote, it shall approve the tentative budget, as amended, for the City for the ensuing fiscal year. Copies of the tentative 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 first 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 to add any increased expenditures resulting from previously approved contracts or other obligations of the City, and to eliminate any expenditures funded by reserves.
[Amended 11-17-2020 by L.L. No. 3-2020]
The Common Council may approve transfers within departments and between departments or other budget units. The City Administrator may approve transfers up to limits established by the Common Council and may delegate authority to approve transfers to the Director of Finance.