Accounting Policies and Procedures, Appropriations, Budgets, Town Meetings
Alternative transfers appropriations year-end flexible flexibility unspent unencumbered balance selectmen selectboard finance committee approval approved authorization authorize inter-departmental between departments same other budget avoid prevent deficit restrictions limitations procedures circumstances fiscal year close May June through July 15
44:33b acts 2016 218:75 acts 2016 218:76
This Informational Guideline Release (IGR) explains amendments to G.L. c. 44, § 33B, which governs appropriation transfers in cities and towns, by the 2016 Municipal Modernization Act. The amendments eliminate the limits on the types and amounts of appropriation transfers that can be made under the alternative transfer procedure from May 1 to July 15. Supersedes IGR 2006-209 and Inconsistent Prior Written Statements.
In effect. Supersedes IGR 2006-209 and Inconsistent Prior Written Statements.