who gives the final picture to village budget
Answers
Explanation:
Resident's Guide to the Village Budget
Annual Budget Development Overview
The budget is approved annually by the Village Board in compliance with the Village Charter and municipal code and includes detailed information about anticipated revenues and expenditures for the coming fiscal year which spans from March 1 to the end of February. Guided by the policies, priorities and goals of the Village Board and the Village’s Strategic Plan, the budget is the single most important policy document produced by the Village each year. The revenues and expenditures are broken down by the various operating, enterprise, fiduciary and special funds that comprise the total spending plan. Illinois Compiled Statutes (ILCS), or State law, sets forth the legal maximum spending limits for the Village for the fiscal year. The appropriation authority requested represents the budgeted amount plus 10%, which accounts for possible changes to planned expenditures that may take place in a given year.
Ministry of Rural Development Authority gives the final picture to the village budget.
• Ministry of Rural Development Authority has two parts one is rural development and the second one Land resources.
• The development of the Rural department has implemented major schemes in rural areas.
• Ministry of Rural development authority estimates the yearly budget to the villages.