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Town of Yorktown, NY
Westchester County
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Table of Contents
Table of Contents
[HISTORY: Adopted by the Town Board of the Town of Yorktown 4-29-1975 as Ch. A94 of the 1975 Code. Amendments noted where applicable.]
The intent of this chapter is to set up procedures and guidelines for establishing and implementing a six-year capital program and a one-year capital budget, which budget consists of the first year of the six-year program.
The Town Board shall appoint a Capital Projects Committee consisting of the Town Supervisor, the Highway Superintendent, the Town Engineer, Recreation Superintendent and the Director of Planning. Such Committee shall meet upon the call of the Supervisor to receive and review capital projects and recommend a six-year capital program and a one-year capital budget to the Town Board.
A. 
On or before April 1 of each year, the various department heads shall submit to the Capital Projects Committee a list of capital improvements which are necessary or desirable to be constructed during the forthcoming six-year period. Included with this list as supporting data shall be a brief description of the project, plans as available, estimated costs of the project, whether the costs should be paid by the town at large, should be wholly or partly assessable against the benefited area and/or wholly or partly from the income to be derived from the operation of the project and an estimate of the effect, if any, upon operating costs of the town budget within each of the three fiscal years following completion of the project, and, for each department, the order in which it is recommended the project should be undertaken and/or constructed.
B. 
If cost estimates are to be furnished by the Town Engineer, the project requiring such shall be submitted to the Town Engineer prior to February 1.
C. 
During the review, the Capital Projects Committee shall meet with the Town Board at least once so as to ascertain budgetary controls which are the responsibility of the Town Board.
D. 
Such Committee shall also meet with the Town Planning Board to determine compatibility of the capital program with the Master Plan.
E. 
Capital program and capital budget report.
(1) 
Prior to October 1 of each year, the Capital Projects Committee shall transmit to the Town Board:
(a) 
A recommended capital program, which shall be a plan of capital projects proposed to be undertaken during the ensuing six-year period.
(b) 
A capital budget for the ensuing one year. Such capital budget shall be the first year of the six-year program.
(2) 
Such capital program and capital budget report and recommendation shall give due consideration to the financial resources of the town and its ability to pay for the projects recommended and shall include the estimated costs and the proposed method of financing the projects and an estimate of the effect, if any, upon operating costs of the town budget within each of the three fiscal years following completion of the project.
The Town Board shall review the recommendations on the proposed capital program and capital budget and shall adopt, after review and revision, if any, a capital program and capital budget.
The capital budget as adopted by the Town Board shall be included in the preliminary and final budget adopted by the Town Board under the required provision of law relating to the adoption of the budget.
For the purposes of this chapter, the "capital program," as used herein, is defined as follows:
A. 
Any physical betterment or improvement, including furnishings, machinery, apparatus or equipment for such physical betterment or improvement when first constructed or acquired;
B. 
Any preliminary studies and surveys relating to any physical betterment or improvement;
C. 
Land or rights in land; or
D. 
Any combination of Subsections A, B and C.
Nothing in the chapter shall be construed to authorize the town to incur indebtedness for which obligations may be issued except as provided by the Local Finance Law.