Vermont Statutes Title 24 (Appendix). Municipal Charters, App. c. 601 § 35. Limitations of appropriations

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 for which they were adopted, except as otherwise provided by the laws of the State of Vermont. Appropriations made by the Board of Supervisors for the various estimates of the budget as defined in subsection 33(a) of this chapter shall be expended only for those estimates, but by majority vote of the Board the budget may be amended from time to time to transfer funds between or among those estimates, except as otherwise limited by this chapter. Any balance left or unexpended in any 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.