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Searching 2017-2018 Session

The Vermont Statutes Online

Title 24 Appendix : Municipal Charters


Subchapter 004 : BUDGETS AND FINANCE

(Cite as: 24 App. V.S.A. ch. 149, § 43)
  • § 149-43. Capital expenditure program

    (a) Preparation and submission: The Manager, after consultation with department heads, shall submit a proposed five-year capital expenditure program to the Board of Selectmen at least three months prior to Town meeting.

    (b) Contents:

    (1) The capital expenditure program shall include:

    (A) A clear narrative summary of needs;

    (B) A list of all capital expenditures to be proposed for the next five years with appropriate supporting data;

    (C) Actual cost estimates, proposed methods of financing, and necessary time schedules for each improvement;

    (D) Estimated annual cost of operating and maintaining the facilities to be constructed or acquired.

    (c) Revision and update: The above program shall be revised and extended each year to reflect progress or projects still pending.

    (d) Inclusion in annual budget: A summary of the capital expenditure program shall be included in the annual budget with special emphasis on the expenditures for the particular year.