Wisconsin Administrative Code
Department of Revenue
Chapter Tax 19 - Expenditure Restraint Payments
Section Tax 19.05 - Budgets
Universal Citation: WI Admin Code ยง Tax 19.05
Current through August 26, 2024
(1) DEFINITIONS. In this chapter:
(a) "Long-term debt" means general obligation
debt payable over a period that exceeds one year.
(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.
(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.
(3) CONTENT.
(a) The budgets shall include all of the
following except as provided in par. (b):
1.
All revenues, by major revenue source.
2. All expenditures, by major expenditure
category.
3. Any financing source
and use not included under subds. 1. and 2.
(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.
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