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.
Subchapter
011
:
BUDGET
(Cite as: 24 App. V.S.A. ch. 147, § 11.07a)
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§ 11.7a. General Fund unrestricted fund balance
At the sole discretion of the Selectboard, a General Fund unrestricted reserve may
be established in an amount that may not exceed five percent of the General Fund budget
being considered by the Selectboard for presentation to the voters at Town meeting.
The purpose of the fund shall be to aid in the cash flow and operation of the Town
and to be used for such purpose as may be caused by an emergency. For expenditures
other than an emergency, if in any year a portion of the unrestricted fund balance
is applied as revenue to the General Fund or in a year that the reserve fund exceeds
five percent of the current operating budget, funds must be applied to fund items
found in the Town’s capital improvement plan. (Added 2011, No. M-7, § 2, eff. May 17, 2011.)