§ 9.12. Amendments After Adoption

A)

Supplemental Appropriations: If during the fiscal year the Town Manager certifies that there are revenues available for appropriation in excess of those estimated in the budget, the Council may by resolution make supplemental appropriations for the year up to the amount of such excess, provided that such additional spending is not in conflict with the Colorado Constitution.

B)

Emergency Appropriations: To meet a public emergency affecting life, health, property or the public peace, the Council may make emergency appropriations. Such appropriations may be made by emergency resolution. To the extent that there are no available unappropriated revenues to meet such appropriations, the Council may by emergency resolution authorize the issuance of emergency notes.

C)

Reduction of Appropriations: If during the fiscal year it appears probable to the Town Manager that the revenues available will be insufficient to meet the amount appropriated, it shall be reported to the Council without delay, indicating the estimated amount of deficit, any remedial action taken, and recommendations as to any other steps to be taken. The Council shall then take such further action as it deems necessary to prevent any deficit, and for that purpose it may by resolution reduce one or more appropriations.

D)

Transfer of Appropriations: During the fiscal year the Town Manager may transfer part or all of any unencumbered appropriation balance among programs within a department, office, project or agency within a fund. The Council may also authorize by resolution the transfer of part or all of any unencumbered appropriation balance from one fund, department, office, agency, or project to another, upon written request of the Town Manager.

E)

Limitation, Effective Date: No appropriation for debt service may be reduced or transferred. No appropriation may be reduced below any amount required by law to be appropriated or by more than the amount of the unencumbered balance thereof. The supplemental appropriations, emergency appropriations, and reduction or transfer of appropriations authorized by this section may be made effective immediately upon adoption.