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Madison General Ordinance Section 4.02 - The Finance Committee (formerly the Board of Estimates) makes recommendations regarding budget amendments and other matters with significant fiscal implications during the year. The Finance Committee shall make and submit the proposed budget to the Common Council on or before November 15 of each year. ORD-16-00081, File ID# 42501; effective 4/18/2017 This ordinance changes the name of the Board of Estimates. The Board is renamed the “Finance Committee.” It makes no other changes in duties, composition, or appointment process for the Board. This ordinance shall be effective April 18, 2017.