After the last day of the fiscal year and before March 1 of the subsequent calendar year, the Town Council shall determine the amount, if any, of any unused and unencumbered funds available to be transferred to the Rainy Day Fund, which transfer may not exceed more than 10% of the town’s total budget for that fiscal year.
(1995 Code, § 33.42) (Ord. 3-2004, passed 8-19-2004)