Wis. Admin. Code § Tax 19.05 — Budgets

Tax 19.05(1) (1) Definitions. In this chapter:

Tax 19.05(1)(a) (a) “Long-term debt” means general obligation debt payable over a period that exceeds one year.

Tax 19.05(1)(b) (b) “Municipal operating budget” means the total adopted general fund budgeted expenditures, including inter-fund transfers out to other funds and less any principal and interest payments on long-term debt budgeted in the general fund.

Tax 19.05(2) (2) General. Municipalities that receive an expenditure restraint worksheet shall submit to the department of revenue the municipal operating budgets for the year of the statement and the preceding year. These budgets are due on or before the same dates as the expenditure restraint worksheet.

Tax 19.05(3) (3) Content.

Tax 19.05(3)(a) (a) The budgets shall include all of the following except as provided in par. (b) :

Tax 19.05(3)(a)1. 1. All revenues, by major revenue source.

Tax 19.05(3)(a)2. 2. All expenditures, by major expenditure category.

Tax 19.05(3)(a)3. 3. Any financing source and use not included under subds. 1. and 2.

Tax 19.05(3)(b) (b) For 1994 and subsequent years’ payments, the budgets described in sub. (1) shall be summarized in compliance with s. 65.90 , Stats., and in the format prescribed by the department of revenue.