Reviewed Date: 01/29/2022
Some items in the Municipal Budget Law of 1982 that we haven’t covered include the fact that municipal governing bodies can’t appropriate more than the estimated available funds, except in the case of an emergency as defined by statue (T.C.A. § 6-56-205); municipalities can’t levy property taxes until a budget ordinance has been adopted (T.C.A. § 6-56-207); the budget officer may be given the right to transfer money from one appropriation to another within the same fund and must report the transfer to the governing body and have the transfer recorded in the minutes (T.C.A. § 6-56-209); and any money left over at the end of the fiscal year is credited to its appropriate fund for further appropriation. T.C.A. § 6-56-211.