SECTION 48.  CONTROL OF EXPENDITURES.
   No officer or employee of the Village shall spend or contract to spend any money or incur any liability, or enter into any contract which by its terms involves the expenditure of money in excess of the amount appropriated for that general classification of expenditure or in excess of available funds. Nothing in this section shall prevent the making of contracts or the spending of money for capital improvements to be financed in whole or in part by the issuance of bonds.