§ 40-40-05 — Contents of preliminary budget statement

North Dakota § 40-40-05

• Jurisdiction: North Dakota
• Title 40: Municipal Government
• Ch. 40-40: Municipal Budget Law

Text

The preliminary budget must include a detailed breakdown of the estimated revenues and
appropriations requested for the ensuing year for the general fund, each special revenue fund,
and each debt service fund of the municipality. The revenue and expenditure items for the
preceding year and estimates of the revenue and expenditures for the current year must be
included for each fund to assist in determining the estimated revenues and appropriation
requested for the ensuing year. The budget must also include any transfers in or out and the
beginning and ending fund balance for each of the funds. The budget must be prepared on the
same basis of accounting used by the municipality for its annual financial reports.
The amount paid for salaries may be shown as a single line item expenditure in each fund.
There must be on file with the governing body and open to public inspection a detailed
statement showing the names of all persons receiving salaries, the annual amount paid to each
person, and the fund charged.
While preparing the budget, municipal officials may include an expenditure item for
equipment replacement, the amount of which may not exceed the total of the anticipated
reasonable costs of depreciation for the ensuing year, based on current costs, of all equipment
owned by the municipality. The expenditure for equipment replacement must be placed in a
separate special revenue fund. No expenditure may be paid from the equipment replacement
fund except for equipment purchases to replace equipment that is worn out, damaged, or
obsolete. The term "equipment" does not include structures or building fixtures.
While preparing the budget, municipal officials may include an expenditure item for a
building reserve fund, the amount of which may not exceed the total of the anticipated
reasonable costs of depreciation for the ensuing year, based on the original costs of all buildings
and structures owned by the city. The expenditure for building reserve must be placed in a
separate capital projects fund. No expenditures may be paid from the building reserve fund
except for the purchase, construction, or remodeling of buildings or structures that are obsolete,
substandard, or generally unfit for public use.