At the end of each fiscal year any and all amount or amounts, balance or balances, remaining unexpended in any budget, item or items, account or accounts, fund or funds, other than funds for the payment of interest upon or redemption of city bonds, shall no longer be available for expenditure for the purpose or purposes for which budgeted, but shall be and become a part of treasurer's* balance on hand, and shall be deducted from the amount or amounts required to be raised by taxation for the ensuing year.
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* Editors Note: The office of treasurer has been abolished and his functions are now performed by the director of finance under ch. XXIX hereof.
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