Appropriation — Vermont Code § 29

§ 29. Appropriation

• (a) All amounts specified in the budget and approved by the voters at an annual Town election
  are appropriated for the purpose specified in the budget. Adoption of the budget shall
  constitute appropriations of the amounts specified therein as expenditures from the
  funds indicated and shall constitute a levy for all revenues proposed in the budget.
  The Selectboard may transfer within the fiscal year any unexpended appropriation balance
  or portion thereof between general classifications or expenditures. (b) Money shall not be paid out of the Town Treasury except on a payroll or warrant signed
  by at least three of the members of the Selectboard and authenticated by the Town
  Manager. (c) Every appropriation, except an appropriation for a capital expenditure, shall lapse
  at the close of the fiscal year to the extent that it has not been expended or encumbered.
  An appropriation for capital expenditure shall continue in force until the purposes
  for which it was made have been accomplished or formally abandoned. (Amended 2019, No. M-1, § 2, eff. April 19, 2019.)