20-9-209 Lapse of budgeted appropriations and provision for unpaid claims

20-9-209 . Lapse of budgeted appropriations and provision for unpaid claims. (1) All appropriations for a budgeted fund in the regular budget or for a budget amendment for a given school fiscal year lapse on the last day of the school fiscal year, except the appropriations for: (a) uncompleted improvements in progress of construction; and (b) an obligation for the purchase of personal property ordered but not paid for during the current fiscal year. (2) A lawful claim presented to the district for payment under a lapsed appropriation is an obligation of the budget for the next school fiscal year.