§ 601. Fiscal year The fiscal year of the Town and Town School District shall begin the first day of July and end on the 30th day of June of the next calendar year. The fiscal year shall constitute the budget and accounting year as used in this charter.
§ 602. Preparation and submission (a) The Town Manager, at least 75 days before the annual Town meeting or at such previous time as the Town Manager may be directed by the Selectboard, shall submit to the Selectboard a budget containing: (1) an estimate of the financial condition of the Town as of the end […]
§ 603. Town meeting and budget The budget shall be approved or rejected by the legal voters by Australian ballot at the annual Town meeting or a special Town meeting. In the event of rejection of the budget by the legal voters, within 30 days of a vote rejecting the budget, the Selectboard shall set […]
§ 604. Appropriation The effective date of the budget shall be July 1 of each year. The budgeted accounts and their corresponding dollar amounts shall be those approved by the legal voters under section 603 of this charter.
§ 605. Amount to be raised by taxation Upon passage of the budget by the annual Town meeting, the amounts stated therein as the amount to be raised by property taxes shall constitute a determination of the amount of the levy for the purposes of the Town in the corresponding tax year and the Selectboard […]
§ 606. Departmental budget The budget for a department shall include all proposed expenditures as provided in the overall budget adopted at Town meeting. Town department heads shall not exceed expenditures as approved by voters, or as altered by the Selectboard or Town Manager, as permitted through this charter or as permitted by Vermont law. […]
§ 607. Transfers of appropriation The Town Manager may at any time transfer an unencumbered appropriation balance or portion thereof between general classification of expenditures with an office, agency, or department. The Selectboard shall be notified in writing of all such interdepartmental transfers. The Selectboard may transfer an unencumbered appropriation balance or a portion thereof […]
§ 608. Capital budgeting for voter approved funding Capital budgets funded through voter approved multi-year capital plans, voter approved agreements, voter approved debt, or impact fees adopted in accordance with 24 V.S.A. chapter 131 shall follow the process for approval outlined in 24 V.S.A. § 4443. (Added 2017, No. M-5, § 2, eff. May 17, […]
