164 LAWS OF MARYLAND [CH. 77

(f) Collect all taxes, special assessment, license fees,
liens, and all other revenues (including water revenues)
of the town, and all other revenues for whose collection the
town is responsible, and receive any funds receivable by
the town.

(g) Have custody of all public moneys, belonging to or
under the control of the town, except as to funds in the
control of any trustee or trustees for the benefit of the
town, and have custody of all bonds and notes of the town.

(i) Do such other things in relation to the fiscal or finan-
cial affairs of the town as the mayor or the Board of Com-
missioners may require or as may be required elsewhere
in this sub-title.

769. Bond. The Town Treasurer shall provide a bond
with such corporate surety and in such amount (but not
less than Ten Thousand Dollars $10, 000. 00) as the Board
of Commissioners may require.

770. Expenditures to be authorized by the Board of
Commissioners. No public money may be expended with-
out prior appropriation and authorization by the Board
of Commissioners.

770A. Fiscal Year. The town shall operate on an annual
budget. The fiscal year of the town shall begin on the
first day of January and shall end on the last day of Decem-
ber in each calendar year. Such fiscal year shall also con-
stitute the tax year, the budget year, and the accounting
year.

771. Budget. The mayor, on such date as the Board of
Commissioners shall determine, but at least thirty-two
(32) days before the beginning of any fiscal year, shall
submit a budget to the Board of Commissioners. The bud-
get shall provide a complete financial plan for the budget
year and shall contain estimates of anticipated revenues
and proposed expenditures for the coming year. The total
of the anticipated revenues shall equal the total of the
proposed expenditures. The budget shall be a public record
in the office of the mayor open to public inspection by any-
one.

771A. Budget Adoption. Before adopting the budget
the Board of Commissioners shall hold a public hearing
thereon. The commissioners may insert new items or may
increase or decrease the items of the budget. Where the