Washington Code 28A.505.160 – Appropriations lapse at end of fiscal year — Exception
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All appropriations for any school district upon which their budget is based shall lapse at the end of the fiscal year. At the expiration of said period all appropriations shall become null and void and any claim presented thereafter against any such appropriation for the fiscal year just closed shall be provided for in the appropriation for the next fiscal year: PROVIDED, That this shall not prevent payments upon incompleted improvements in progress at the close of the fiscal year.
[1975-’76 2nd ex.s. c 118 § 16. Formerly RCW 28A.65.475.]
NOTES:
Severability—1975-’76 2nd ex.s. c 118: See note following RCW 28A.505.010.
Terms Used In Washington Code 28A.505.160
- Appropriation: means the maximum authorization during a given fiscal period to incur expenditures. See Washington Code 28A.505.010
- 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.