§ 7.13. Lapse of appropriations.

Every appropriation, except an appropriation for a capital expenditure, will lapse at the close of the fiscal year to the extent that it has not been expended or encumbered. An appropriation for a capital expenditure other than in the operating budget of the City will continue in force until the purpose for which it was made has been accomplished or abandoned. The purpose of any such appropriation will be deemed abandoned if three years pass without any disbursement from or encumbrance of the appropriation. However, any appropriations, including capital expenditures, provided for in the annual operating budget will lapse at the end of the fiscal year. Any funds not expended, disbursed, or encumbered prior to their lapse as described herein will be returned to the appropriate accounting fund of the City.