The amount of the tax to be levied or certified, the amounts
of the various appropriations and the purposes thereof shall not be
changed after approval of the budget except by a two-thirds vote of
the entire membership of the Village Board. Notice of such transfer
shall be given by publication of a Class 1 notice within 15 days after
any change is made.
No money shall be drawn from the treasury of the Village, 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 §
59-4 of this chapter. 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, in furtherance of improvements or other objects or works which will not be completed within such year, and any such appropriations shall continue in force until the purpose for which it was made shall have been accomplished or abandoned.
The calendar year shall be the fiscal year.
The Village Board shall designate the public depository or depositories
within this state within which Village funds shall be deposited, and
when the money is deposited in such depository in the name of the
Village, the Clerk/Treasurer and bondsman shall not be liable for
such losses as are defined by state law. The interest arising therefrom
shall be paid into the Village treasury.