What happens if budgeted money is not spent by the end of the fiscal year?
Any unused appropriations automatically lapse at the end of the fiscal year. The Council may authorize those funds to be re-appropriated in the following fiscal year through a budget amendment resolution.

Show All Answers

1. What information is included in the City’s budget document?
2. How is the budget adopted by Council?
3. How much money can the City spend in a fiscal year?
4. Can the budget be changed during the year?
5. What happens if budgeted money is not spent by the end of the fiscal year?