§ 18-10. Capital Budget Policy., Chapter 18. Capital Budget System, Code of Ordinances, Brookhaven

Requirements.

(1)

The Commissioner of Finance shall develop written policies that provide guidelines for the submission of capital budget requests, the format of those submissions, deadlines for submissions, and other procedures that may be necessary for the proper compilation of the capital budget.

(2)

Any proposed amendment to increase the total amount of the adopted Town-Wide General Fund capital budget shall provide for a corresponding offset of a dollar amount in the capital budget equal to or greater than the amount of the proposed increase.

(a)

Any amendment to the adopted Town-Wide General Fund capital budget for a project financed in part by federal or state funding shall only require an offset in the capital budget equivalent to the portion of the project funded by the Town.

(b)

Any amendment to the adopted Town-Wide General Fund capital budget for a project that will produce annual revenue in excess of the projected debt service shall not require an offset. The Commissioner of the respective department shall provide the revenue projections, in writing, to the Commissioner of Finance, and the Commissioner of Finance shall confirm, in writing, that projected revenues are greater than debt service costs. This information shall be made part of any Town Board resolution amending the capital budget.

(3)

In furtherance of § 18-9A(3), in the event of an emergency as declared by the Supervisor pursuant to Article 2-B of the New York State Executive Law, the adopted Town-Wide General Fund capital budget may be increased without an offset upon a two-thirds majority vote of the Town Board in order to provide funding to respond to such emergency.

(a)

In the event that the Town Board approves a budget amendment pursuant to Subsection A(3) of this section, the Commissioner of Finance shall provide to the Town Board a written analysis as to the necessary action required in order to ensure compliance with § 18-9A(1), within a reasonable time.

(4)

Funds designated for a project in the capital budget may not be used for any other project without an approved resolution of the Town Board.

(5)

Where the Town has authorized funding from the Town-Wide General Fund for a project and no debt has been issued, and such project remains inactive and no expenses have been incurred within 24 months, the Commissioner of Finance is authorized and empowered to close out and remove the remaining funding for said project in accordance with applicable laws and accounting standards. Where the Town has authorized funding from the Town-Wide General Fund and debt has been issued, a Town Board resolution shall be required to close out and remove the remaining funding for said project.

(6)

On an annual basis, the Commissioner of Finance shall provide a written report to the Town Board identifying all authorized but uncompleted capital projects, unexpended capital funds, and recommendations for the continuation or termination of the funding.