Annual Report of the Town of Rollinsford, New Hampshire 1961

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2h $ 8,061.27 Overdraft of Appropriations and Application of Municipal Budget Law: It is noted that in the fiscal year ended Decem- ber 31, 1961, there was a net overdraft of appropria- tions amounting to $h, 552.87. In other words - total expenditures exceeded total appropriations by this amount, as shown herewith: 5h Overdrafts of Appropriations $7 ? 367.8^ Unexpended Balances of " 2,81^.93 Net Overdraft of Appropriations $h, 552.87 In accordance with the provisions of the Muni- cipal Budget ...Law, RSA, Chapter 32, application should lave been made to the Tax Commission by the Board of Selectmen, with the approval of the Budget Committee, 1 or a certificate of emergency authorizing expendi- "tures in excess of budgetary appropriations.
The expenditure for a Fire Department siren system in excess of the Fire Department appropria- tion, which was authorized by a certificate of emer- gency issued by the Tax Commission on December h, 1961, was not made during the fiscal year. Conse- cuently, it has no bearing on the overdraft hereto- fore referred to.


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