                                 CODE OF VIRGINIA

WHAT BUDGET TO SHOW (§ 15.2-2504)

Opposite each item of the contemplated expenditures the budget shall show in
separate parallel columns the aggregate amount appropriated during the preceding
fiscal year, the amount expended during that year, the aggregate amount
appropriated and expected to be appropriated during the current fiscal year, and
the increases or decreases in the contemplated expenditures for the ensuing year
as compared with the aggregate amount appropriated or expected to be
appropriated for the current year. This budget shall be accompanied by:

1. A statement of the contemplated revenue and disbursements, liabilities,
reserves and surplus or deficit of the locality as of the date of the
preparation of the budget; and

2. An itemized and complete financial balance sheet for the locality at the
close of the last preceding fiscal year.

HISTORY: Code 1950, § 15-576; 1959, Ex. Sess., c. 69; 1962, c. 623, §
15.1-161; 1997, c. 587.