§ 5.10. Lapse of appropriations.

Latest version.

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 a capital expenditure shall continue in force until the purpose for which it was made has been accomplished or abandoned; the purpose of any such appropriation shall be deemed abandoned if after the current fiscal year has passed without any disbursement from or encumbrance of the appropriation.

(Ord. No. O-03-2014, § 2(exh. A), 2-18-2014/4-1-2014)

                    
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