(1) Each municipal corporation shall prepare estimates of expenditures for the ensuing year or ensuing budget period.
(2) The estimates required by subsection (1) of this section shall be prepared by organizational unit or by program.
(3) Estimates required by subsection (1) of this section and prepared by organizational unit shall be detailed under separate object classifications of personal services, materials and services and capital outlay. Separate estimates shall be made for special payments, debt service, interfund revenue transfers, operating expenses and general capital outlays which cannot reasonably be allocated to an organizational unit.
(4) Estimates required by subsection (1) of this section and prepared by program shall be arranged for each activity of a program. Estimates under each activity shall be detailed under separate object classifications of personal services, materials and services and capital outlay. Separate estimates shall be made for each program for special payments, debt service, interfund revenue transfers, operating expenses and general capital outlays which cannot reasonably be allocated to an activity within a function. For common and union high school districts and community colleges, estimates required by this subsection shall be further detailed by object within each object classification.
(5) Estimates of expenditures for personal services, other than services of persons who receive an hourly wage or who are hired on a part-time basis, shall list the salary for each officer and employee, except that employees of like classification and salary range, (such range not to exceed that established by the governing body of the municipal corporation in accordance with its policy for setting salaries) in each organizational unit or activity may be listed by the number of those employees, the limits of each salary range and the amount of their combined salaries.
(6) The general capital outlay estimate shall include separate amounts for land, buildings, improvements to land other than buildings and machinery and equipment which cannot be reasonably allocated to an organizational unit or activity.
(7) The debt service estimates shall include separate amounts for principal and interest of each bond issue in each fund.
(8) There may be included in each fund an estimate for general operating contingencies.
(9) If the estimates required by subsection (1) of this section are not prepared by fund, there shall be prepared a summary which cross-references programs or organizational units to the appropriations required by ORS 294.435. [1979 c.686 §3 (enacted in lieu of 294.351); 2001 c.135 §6]
Section: Previous 294.340 294.341 294.345 294.347 294.348 294.350 294.351 294.352 294.355 294.356 294.360 294.361 294.363 294.365 294.366 NextLast modified: August 7, 2008