§ 1502. Preparation and submission of budget and Village report (a) The Village Manager, at least 60 days before the date of the annual Village meeting, shall submit to the trustees a budget which shall contain: (1) A statement of the financial condition of the Village as of the end of the fiscal year and […]
§ 1505. Budget limitations—borrowing (a) The incurring of bonded indebtedness, the issuing of bonds, the making of temporary loans in anticipation of the sale of bonds, and all other matters pertaining to bonded indebtedness and borrowing for current expenses or in anticipation of the receipt of taxes shall be controlled by applicable statutes. (b) The […]
§ 1506. Transfers of appropriations At any time within the fiscal year, the Board of Trustees may transfer funds from single budget line items to other budget line items. A budget line item will be an individual budget item listed on the budget presented and approved under section 1503.
§ 1507. Taxation (a) Taxes on real and personal property shall be paid as voted at the annual Village meeting. (b) Taxes shall be collected as established by law. (c) Taxes are due October 1st; and taxes unpaid by November 1st shall be considered delinquent property taxes and shall accrue penalty, interest, fees, and costs […]
§ 1508. Fees and fines All fines and penalties payable to the Village by reason of any violation of any State law, ordinance, or bylaw shall be paid over promptly upon receipt to the Village Treasurer for inclusion in the General Fund of the Village. All fees established by law or ordinance and payable to […]
