Opposite each item of the contemplated expenditures the budget shall show in separate parallel columns the aggregate amount appropriated during the preceding fiscal year, the amount expended during that year, the aggregate amount appropriated and expected to be appropriated during the current fiscal year, and the increases or decreases in the contemplated expenditures for the ensuing year as compared with the aggregate amount appropriated or expected to be appropriated for the current year. This budget shall be accompanied by:
1. A statement of the contemplated revenue and disbursements, liabilities, reserves and surplus or deficit of the locality as of the date of the preparation of the budget; and
2. An itemized and complete financial balance sheet for the locality at the close of the last preceding fiscal year.
Code 1950, § 15-576; 1959, Ex. Sess., c. 69; 1962, c. 623, § 15.1-161; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 25 - Budgets, Audits and Reports
§ 15.2-2500. Uniform fiscal year for all localities and school divisions
§ 15.2-2502. Notification by state officials and agencies
§ 15.2-2503. Time for preparation and approval of budget; contents
§ 15.2-2504. What budget to show
§ 15.2-2505. Budget may include reserve for contingencies and capital improvements
§ 15.2-2507. Amendment of budget
§ 15.2-2508. Governing bodies may require information of departments, etc.
§ 15.2-2509. Auditor to devise system of bookkeeping and accounting
§ 15.2-2510. Comparative report of local government revenues and expenditures
§ 15.2-2511.1. Return of local surplus funds
§ 15.2-2511.2. Duties of local government auditors
§ 15.2-2512. Audit of accounts of certain county officers, boards and commissions