§ 567. Surplus
If an audit reveals that a school district has surplus funds, the school board shall carry the funds into the next year as revenue unless authorized by the voters, at an annual or special meeting warned for the purpose, to:
(1) deposit the funds into a reserve fund established pursuant to 24 V.S.A. § 2804; or
(2) use the funds for a specific purpose. (Added 2003, No. 107 (Adj. Sess.), § 4; amended 2013, No. 92 (Adj. Sess.), § 71, eff. Feb. 14, 2014.)
Structure Vermont Statutes
§ 423. Directors, number, election; term
§ 425. Other town school district officers
§ 426. Duties of the town school district treasurer
§ 471. Application of other laws
§ 475. Statistical information
§ 477. Merger of town and incorporated school districts
§ 478. Prudential committee; vacancies
§ 491. Election; notice to clerk
§ 492. Powers, duties, and liabilities; bonds
§ 496. Books and papers to be turned over to successor
§ 512. Payment of monies collected to treasurer
§ 551. Application of laws to school districts
§ 552. Validation of school districts and bonds voted for school construction
§ 553. Qualification of voters at school district meetings
§ 554. School board meetings; majority vote, quorum, Robert’s Rules, public participation
§ 555. No liability for unauthorized or deficit spending
§ 556. Liability for damage to textbook or learning materials
§ 557. Gratuity or compensation prohibited
§ 558. Eligibility for election to a school board; employment of school board members
§ 560. Condemnation for school purposes
§ 561. Election of school board members; oath; chair; clerk
§ 563. Powers of school boards; form of vote
§ 563a. Prevention, identification, and reporting of child sexual abuse and sexual violence
§ 569. Purple Star Campus designation
§ 570. Harassment, hazing, and bullying prevention policies
§ 570f. Harassment; notice and response
§ 570k. Civil penalty; Judicial Bureau; waiver penalty
§ 570l. Criminal prosecution and civil action
§ 571. Contracts to construct and operate joint schools
§ 572. Joint boards for joint, contract, or consolidated schools