§ 18-5. Submission of preliminary budget.

Not later than October 5 in each year or the date fixed for submission of the preliminary operating budget, the Town Supervisor shall prepare and submit to the Town Board his/her preliminary capital budget. It shall contain recommendations concerning capital projects to be authorized for the next succeeding fiscal year and the two fiscal years succeeding and the Supervisor's budget message.

A. 

Budget message. Each such preliminary capital budget may be accompanied by the Supervisor's budget message. If there is a budget message, there shall be a general summary of the financial requirements for the capital program for the fiscal year to which the budget message relates. It may also comment on the status or progress of previously authorized projects to the extent that such comments may be appropriate.

B. 

Contents. The preliminary capital budget shall contain the following:

(1) 

A list of all previously authorized projects which are still incomplete; for each such project, information concerning the status of the project, its estimated completion date, the total estimated cost and such other information as the Town Supervisor may deem appropriate.

(2) 

A list of all recommended new capital projects showing the following:

(a) 

The name or description of the project.

(b) 

The total annual estimated cost.

(c) 

The estimated completion cost.

(d) 

The method of funding.

(e) 

The first year's operating cost of the facility, if any.

(f) 

The anticipated revenue to be derived from such facility, if any.

(g) 

The proposed tax and benefit basis, i.e., whether a special district is proposed or whether such project is to be a general Town charge.

(3) 

A Town map showing the location of proposed new projects, including the tentative boundaries of any special improvement districts proposed to be created, extended or amended.