155. During a fiscal year, the Community on report of the treasurer may appropriate any estimated budget surplus for the current fiscal year to expenditures for that fiscal year or for a subsequent fiscal year it shall determine.
It may also appropriate to expenditures for the current fiscal year any surplus for the preceding fiscal year certified true by the auditor appointed under section 167.4.
The appropriation of a surplus to expenditures for a fiscal year amends the budget for that fiscal year accordingly.
Any other surplus or any deficit for a fiscal year shall be entered in the revenues or expenditures for the fiscal year following that in which the auditor makes his report for the first mentioned fiscal year.
1969, c. 83, s. 184; 1993, c. 67, s. 63.