J. MILLARD TAWES, Governor                      995

44. Same; powers and duties.

[(a)] Under the supervision of the mayor, the clerk-treasurer
shall have authority and shall be required to:

[(b)] (1) Prepare at the request of the mayor an annual budget
to be submitted by the mayor to the council.

[(c)] (2) Supervise and be responsible for the disbursement of
all moneys and have control over all expenditures to assure that
budget appropriations are not exceeded.

[(d)] (3) Maintain a general accounting system for the town in
such form as the council may require, not contrary to State law.

[(e)] (4) Submit at the end of each fiscal year, and at such
other times as the council may require, a complete financial report to
the council through the mayor.

[(f)] (5) Ascertain that all taxable property within the town
is assessed for taxation.

[(g)] (6) Collect all taxes, special assessments, license fees,
liens, and all other revenues (including utility revenues) of the town,
and all other revenues for whose collection the town is responsible,
and receive any funds receivable by the town.

[(h)] (7) Have custody of all public moneys [,] belonging to or
under the control of the town, except as to funds in the control of
any set of trustees, and have custody of all bonds and notes of the
town.

[(i)] (8) Do such other things in relation to the fiscal or finan-
cial affairs of the town as the mayor or the council may require or
as may be required elsewhere in this charter.

45.    Same; surety bond.

The clerk-treasurer shall provide a bond with such corporate surety
and in such amount as the council by ordinance may require.

46.    Fiscal year.

The town shall operate on an annual budget. The fiscal year of the
town shall begin on the first day of July in any year and shall end on
the last day of June in [each] the following year. [Such] The
fiscal year [shall] constitutes the tax year, the budget year, and the
accounting year.

47.    Budget.

The mayor, on such date as the council by ordinance [shall] de-
termines, but at least thirty-two days before the beginning of any
fiscal year, shall submit a budget to the council. The budget shall
provide a complete financial plan for the budget year and shall con-
tain estimates of anticipated revenues and proposed expenditures for
the coming year. The total of the anticipated revenues shall equal or
exceed the total of the proposed expenditures. The budget shall be a
public record in the office of the clerk-treasurer, open to public in-
spection by anyone during normal business hours.

48.    Budget adoption.

Before adopting the budget the council shall hold a public hearing
thereon after two weeks' notice thereof in some newspaper or news-