The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 24 : Municipal and County Government
Chapter 051 : Finances; Accounts and Audits
Subchapter 002 : TOWN TREASURER; ACCOUNTS; CITY ACCOUNTS
(Cite as: 24 V.S.A. § 1585)-
§ 1585. Unassigned fund balance
Monies from a budget approved by the voters at an annual or special meeting that are not expended by the end of a municipality’s fiscal year shall be under the control and direction of the legislative body of the municipality and may be carried forward from year to year as an unassigned fund balance. Unassigned fund balances may be invested and reinvested as are other monies received by a town treasurer and may be expended for any public purpose as established by the legislative body of the municipality. (Added 2025, No. 57, § 6, eff. July 1, 2025.)
