Skip to navigation Skip to content Skip to subnav
Searching 2017-2018 Session

The Vermont Statutes Online

Title 24 Appendix : Municipal Charters

Chapter 005 : CITY OF MONTPELIER

Subchapter 011 : INDEBTEDNESS; SINKING FUND; BONDS AND NOTES FOR IMPROVEMENTS

(Cite as: 24 App. V.S.A. ch. 5, § 1125)
  • § 5-1125. Budget surplus and deficit

    Unless otherwise disposed of in the manner provided by law or set in reserve by the City Council or School Board, any surplus existing at the end of the fiscal year shall be carried forward as revenue in the General Fund or School Fund, as appropriate, for the next ensuing fiscal year. Any deficit existing at the end of the fiscal year shall be liquidated in the manner provided by law. (Added 2013, No. M-19 (Adj. Sess.), § 2, eff. May 20, 2014.)