24 V.S.A. § 1585: Unassigned fund balance

Monies from a budget approved by the voters at an annual or special meeting that are not expended by the end of a municipality’s fiscal year shall be under the control and direction of the legislative body of the municipality and may be carried forward from year to year as an unassigned fund balance. Unassigned fund balances may be invested and reinvested as are other monies received by a town treasurer and may be expended for any public purpose as established by the legislative body of the municipality.