The calendar year shall be the fiscal year.
No money shall be drawn from the Town treasury nor shall any obligation for the expenditure of money be incurred except in pursuance of the annual appropriation in the adopted budget or when changed as authorized by §
44-4. At the close of each fiscal year, any unencumbered balance of an appropriation shall revert to the general fund and shall be subject to reappropriation, but appropriations may be made by the Board, to be paid out of the income of the current year, for improvements or other objects or works which will not be completed within such year, and any such appropriation shall continue in force until the purpose for which it was made has been accomplished or abandoned.
The Treasurer may invest any Town funds not
immediately needed pursuant to §§ 66.0603(1m), Wis.
Stats.
[Amended 4-21-2005; 8-21-2008; 7-19-2018 by Ord. No. 2018-3]
The Town Board will determine the Town’s
official depositories and newspaper for printing legal notices by
resolution.
[Amended 7-20-2000]
No mileage compensation shall be allowed without
approval of the Board. Mileage shall be reimbursed at the same rate
as is established by Internal Revenue Service regulations for employee
deductions for business mileage.