§ 110. Encumbering appropriations. The head of each administrative unit shall file a list of unpaid obligations with the supervisor at the close of the fiscal year. The supervisor shall encumber the applicable appropriation account balances to the extent of such unpaid obligations. The town board may provide for the encumbering of appropriation accounts at more frequent intervals.

Terms Used In N.Y. Town Law 110

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
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