App § 34. Fiscal year

§ 34. Fiscal year The fiscal year of the District shall commence on July 1 and end on June 30 of each year.

App § 35. Budget appropriation and assessment

§ 35. Budget appropriation and assessment (a) Proposed Budget. Annually on or before the 15th day of December, the Board of Supervisors shall establish the per capita assessment to be paid by each member municipality for the next succeeding fiscal year and therefor shall approve and cause to be distributed to the legislative branch of […]

App § 36. Collection

§ 36. Collection Annually, on or before January 1, the Treasurer of the District shall issue and present a warrant to the legislative branch of each member municipality requiring the amount of such assessment be paid to the District in accordance with the schedule of payments adopted by the Board of Supervisors. The legislative branch […]

App § 37. Limitations of appropriations

§ 37. Limitations of appropriations Actions or resolutions of the Board of Supervisors for the annual appropriations of any year may 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 […]

App § 38. Indebtedness

§ 38. Indebtedness (a) Short-term borrowing. The Board of Supervisors may borrow money through the issuance of notes of the District for the purpose of paying current expenses of the District. Such notes must mature within one year. The Board of Supervisors may also borrow money in anticipation of assessment to each member municipality in […]

App § 39. Sinking fund

§ 39. Sinking fund The Board of Supervisors may establish and provide for a sinking fund, however denominated, for the retirement of bond issue or other debt, or to provide security for its payment. When so established, it may be kept intact and separate from other monies at the disposal of the District, and may […]

App § 40. Capital reserve fund

§ 40. Capital reserve fund The Board of Supervisors shall establish and provide for a capital reserve fund to pay for public improvements, replacement of worn out buildings and equipment, and planned and unplanned major repairs of a disposal facility, in furtherance of the purpose for which the District was created. Any such capital reserve […]

App § 41. Disposal fees

§ 41. Disposal fees The Board of Supervisors may from time to time establish and adjust a disposal fee structure (tipping fee) for the purpose of generating revenues from sources other than assessments to member municipalities, particularly concerning the operation and maintenance of any District solid waste disposal or resource recovery facility, or both.