Wyoming Association of Municipal Clerks and Treasurers

Budgeting - Reserves

Q. Can funds be moved from a capital projects line item to cover a maintenance line item, assuming there is excess in the capital projects line item?


A.        W.S. 16-4-105 (b)  A municipality may appropriate funds from estimated revenue in any budget year to a reserve for capital improvements and for depreciation within any capital improvements fund, and for the purpose of purchasing or replacing specified equipment or a depreciation reserve for equipment, which has been duly established by ordinance.


Money in the reserves may be allowed to accumulate from year to year until the accumulated total is sufficient to permit economical expenditure for the specified purposes. Disbursements from reserves shall be made only by transfer to a revenue account within a capital improvements fund pursuant to an appropriation for the fund. The amount appropriated to reserves under this subsection in any budget year shall not exceed ten percent (10%) of the municipality's total revenues for that budget year.

Last updated 7/20/2011 1:34:35 PM