Vermont § 708 - Amendments after adoption

§ 708. Amendments after adoption

• (a) Supplemental appropriations. If during the fiscal year the Manager certifies that there are available for appropriation
  revenues in excess of those estimated in the budget, the Council by resolution may
  make supplemental appropriations for the year up to the amount of such excess. (b) Reduction of appropriations. If at any time during the fiscal year it appears probable to the Manager that the
  revenues available will be insufficient to meet the amount appropriated, the Manager
  shall report to the Council without delay, indicating the estimated amount of the
  deficit and any other steps to be taken. The Council shall then take such further
  action as it deems necessary to prevent or minimize any deficit, and for that purpose
  it may by resolution reduce one or more appropriations, or transfer all or any portion
  of the balance of a capital reserve fund. (c) Transfer of appropriations. At any time during the fiscal year, the Manager may transfer part or all of any unencumbered
  appropriation balance among programs within a department, office, or agency and, upon
  written request by the Manager, the Council may by resolution transfer part or all
  of any unencumbered appropriation balance from one department, office, or agency to
  another or set aside all or any portion of an unencumbered appropriation in a capital
  reserve fund. (d) Limitations; effective date. No appropriation for debt service may be reduced or transferred, and no appropriation
  may be reduced below any amount required by law to be appropriated or by more than
  the amount of the unencumbered balance thereof except as described in this section.
  The supplemental appropriations and reductions or transfer of appropriation authorized
  by this section may be made effective immediately upon adoption. (Added 2013, No. M-9, § 3, eff. June 4, 2013; amended 2015, No. M-19 (Adj. Sess.), § 2, eff. May 17, 2016.)