4603
EAST NEW MARKET

COMPLETE FINANCIAL REPORT TO THE COUNCIL THROUGH THE
MAYOR.

(5)    ASCERTAIN THAT ALL TAXABLE PROPERTY
WITHIN THE TOWN IS ASSESSED FOR TAXATION.

(6)    COLLECT ALL TAXES, SPECIAL ASSESSMENTS,
LICENSE FEES, LIENS, AND ALL OTHER REVENUES (INCLUDING
UTILITY REVENUES) OF THE TOWN, ALL OTHER REVENUES FOR
WHOSE COLLECTION THE TOWN IS RESPONSIBLE, AND RECEIVE
ANY FUNDS RECEIVABLE BY THE TOWN.

(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.

(8)    DO SUCH OTHER THINGS IN RELATION TO THE
FISCAL OR FINANCIAL AFFAIRS OF THE TOWN AS THE MAYOR OR
THE COUNCIL MAY REQUIRE OR AS MAY BE REQUIRED ELSEWHERE
IN THIS CHARTER.

45.   SAME - 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
THE FOLLOWING YEAR. THE FISCAL YEAR CONSTITUTES THE TAX
YEAR, THE BUDGET YEAR, AND THE ACCOUNTING YEAR.

47. BUDGET.

THE MAYOR, ON SUCH DATE AS THE COUNCIL BY ORDINANCE
DETERMINES, 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 CONTAIN
ESTIMATES OF ANTICIPATED REVENUES AND PROPOSED
EXPENDITURES FOR THE COMING YEAR. THE TOTAL OF THE
ANTICIPATED REVENUE 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 INSPECTION BY ANYONE DURING NORMAL BUSINESS HOURS.

48. SAME - ADOPTION.

BEFORE ADOPTING THE BUDGET THE COUNCIL SHALL HOLD A
PUBLIC HEARING THEREON AFTER TWO WEEKS' NOTICE THEREOF IN