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App 149-43 Capital expenditure program

24A V.S.A. § 149-43 (N/A)
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§ 149-43. Capital expenditure program

(a) Preparation and submission: The Manager, after consultation with department heads, shall submit a proposed five-year capital expenditure program to the Board of Selectmen at least three months prior to Town meeting.

(b) Contents:

(1) The capital expenditure program shall include:

(A) A clear narrative summary of needs;

(B) A list of all capital expenditures to be proposed for the next five years with appropriate supporting data;

(C) Actual cost estimates, proposed methods of financing, and necessary time schedules for each improvement;

(D) Estimated annual cost of operating and maintaining the facilities to be constructed or acquired.

(c) Revision and update: The above program shall be revised and extended each year to reflect progress or projects still pending.

(d) Inclusion in annual budget: A summary of the capital expenditure program shall be included in the annual budget with special emphasis on the expenditures for the particular year.

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App 149-42 Operating budget timetable and preparation
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