N.Y. Town Law § 112: Supplemental appropriations; unappropriated unreserved fund balances

§ 112. Supplemental appropriations; unappropriated unreserved fund

balances. 1. The town board, during a fiscal year, by resolution, may

make additional appropriations or increase existing appropriations and

shall provide for the financing thereof. Moneys therefor may be provided

from the unexpended balance of an appropriation, from the appropriation

for contingencies, from unappropriated unreserved fund balance or

unanticipated revenues within a fund or by borrowing pursuant to the

local finance law. For the purposes of this subdivision, unappropriated

unreserved fund balance or unanticipated revenues shall be utilized only

to the extent that the total of all revenues of such fund recognized or

reasonably expected to be recognized in the current fiscal year,

together with unappropriated unreserved fund balance, exceeds the total

of all revenues and appropriated fund balance as estimated in the

budget.

2. If at any time during a fiscal year a town receives moneys from any

source, except from loans, which are not otherwise committed or

appropriated, the town board may direct the supervisor to pay the same

or any part thereof to the treasurer of the county to be applied in

reduction of the amount to be levied for state and county purposes, and

the supervisor shall pay such moneys to the county treasurer prior to

the levy.

3. Notwithstanding the provisions of subdivision one of this section,

grants in aid from the state and federal governments, gifts which are

required to be expended for particular objects or purposes, and

insurance proceeds for the loss, theft, damage or destruction of real or

personal property, when proposed to be used or applied to repair or

replace such property, may be appropriated by resolution of the town

board at any time for such objects and purposes.