Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 414 § 407. Limitations of appropriations

(a) Actions or resolutions of the Board of Supervisors for the annual appropriations in any year shall not cease to be operative at the end of the fiscal year shall not cease to be operative at the end of the fiscal year for which they were adopted except as otherwise provided by the laws of the State of Vermont.

(b) Appropriations made by the Board of Supervisors for the various estimates of the budget as defined in section 402 of this charter shall be expended only for the estimates, but by majority vote of the Board, the budget may be amended from time to time to transfer funds between or among the estimates except as otherwise limited by this charter.

(c) Any balance left or unexpended in any such budget estimate shall be returned at the end of the fiscal year to the general fund of the District. The amount of any deficit at the end of the fiscal year shall be included in and paid out of the operating budget and appropriations in the next fiscal year.