                                 CODE OF VIRGINIA

TIME FOR PREPARATION AND APPROVAL OF BUDGET; CONTENTS (§ 15.2-2503)

All officers and heads of departments, offices, divisions, boards, commissions,
and agencies of every locality shall, on or before the first day of April of
each year, prepare and submit to the governing body an estimate of the amount of
money needed during the ensuing fiscal year for his department, office,
division, board, commission or agency. If such person does not submit an
estimate in accordance with this section, the clerk of the governing body or
other designated person or persons shall prepare and submit an estimate for that
department, office, division, board, commission or agency.
		The governing body shall prepare and approve a budget for informative and
fiscal planning purposes only, containing a complete itemized and classified
plan of all contemplated expenditures and all estimated revenues and borrowings
for the locality for the ensuing fiscal year. The itemized contemplated
expenditures shall include any discretionary funds to be designated by
individual members of the governing body and the specific uses and funding
allocation planned for those funds by the individual member; however,
notwithstanding any provision of law to the contrary, general or special, an
amendment to a locality&#8217;s budget that changes the uses or allocation or
both of such discretionary funds may be adopted by the governing body of the
locality. The governing body shall approve the budget and fix a tax rate for the
budget year no later than the date on which the fiscal year begins. The
governing body shall annually publish the approved budget on the
locality&#8217;s website, if any, or shall otherwise make the approved budget
available in hard copy as needed to citizens for inspection.

HISTORY: Code 1950, § 15-575; 1959, Ex. Sess., c. 69; 1962, c. 623, §
15.1-160; 1976, c. 762; 1978, c. 551; 1997, c. 587; 2008, c. 353; 2013, c. 747.