HARRY W. NICE, GOVERNOR. 1289

encumbrances, and authorized payments, to the Manager, and
the office directly concerned; to inspect and audit any ac-
counts or records of financial transactions which may be
maintained in any department or agency of the Town govern-
ment apart from or subsidiary to the general accounts; and to
perform such other duties pertaining to the financial records of
the Town government as the Council may require by ordinance.
3. To collect, receive, have custody of, and disburse all
taxes, licenses, fees, and other moneys belonging to the Town
government, subject to the provisions of this charter and or-
dinances enacted thereunder; to have custody of all invest-
ments, and invested funds of the Town or in possession of the
Town in a fiduciary capacity, and to keep a record of such in-
vestments, and to have custody of all bonds and certificates
of Town indebtedness, including such bonds and certificates
unissued or cancelled, and the receipt and delivery of Town
bonds and certificates for transfer, registration or exchange.

SEC. 45. FISCAL YEAR. The fiscal year of the Town gov-
ernment shall begin on the first day of January and shall end
on the last day of December. Such year shall constitute the
budget year of the Town government.

SEC. 46. SCOPE OF THE TOWN BUDGET. The budget for the
Town government shall present a complete financial plan for
the ensuing fiscal year. It shall set forth all proposed ex-
penditures for the administration, operation, and maintenance
of all offices and agencies of the Town government for which
appropriations are required to be made or taxes levied by the
Town government; all expenditures for capital projects to be
undertaken or executed during the fiscal year; all interest and
debt redemption charges during the fiscal year; and the actual
or estimated operating deficits from prior fiscal years. In ad-
dition thereto the budget shall set forth the anticipated income
and other means of financing the total proposed expenditures
of the Town government for the fiscal year.

SEC. 47. THE BUDGET DOCUMENT. The budget document,
presenting a financial plan for the Town government as out-
lined in the preceding section, shall consist of three parts, as
follows:

Part I shall contain (1) a budget message prepared by the
Manager which shall outline a fiscal policy for the Town gov-
ernment, describing therein the important features of the bud-
get with reference both to proposed expenditures and antici-
pated income; (2) a general budget summary with a few sup-
porting schedules, which shall exhibit the aggregate figures of
the budget in such manner as to show a balanced relation