SECTION 5.07 APPROPRIATIONS TO LAPSE AT END OF YEAR.
   All appropriations shall lapse at the end of the budget year to the extent that they shall not have been expended or lawfully encumbered. All lapsed appropriations shall be used by the City Manager in appropriating money for the budget of the next fiscal year.
(Adopted by electorate, 3-13-84; Amendment adopted by electorate, 11-7-06)