217. During a fiscal year, the Community on report of the treasurer may appropriate to expenses for such fiscal year or for a subsequent fiscal year, as it determines, any estimated budget surplus for the current fiscal year.
It may also appropriate to expenditures for such current fiscal year any surplus for the preceding fiscal year, certified true by its auditor.
The appropriation of a surplus to expenditures for a fiscal year amends the budget for that fiscal year accordingly.
Any other surplus or any deficit for a fiscal year shall be entered in the revenues or expenditures for the fiscal year following that in which the auditor made his report for the first mentioned fiscal year.
1969, c. 84, s. 254; 1971, c. 90, s. 20; 1982, c. 18, s. 88.