Legal Opinion
Opinion No. Oag 18-87, (1987)
Wisconsin Attorney General Reports
Decided April 7, 1987PublishedCited by 1 opinion
1Opinion of the Court
TOM LOFTUS, Chairperson Assembly Organization Committee
You ask whether local units of government may lawfully create and accumulate unappropriated surplus funds.
In my opinion, local units of government may not lawfully create and accumulate such surplus funds. However, local units of government may maintain reasonable amounts necessary in the exercise of sound business principles to meet their immediate cash flow needs during the current budgetary period or to accumulate needed capital in non-lapsing funds to finance specifically identified future capital expenditures.
Although various…
2Cases cited6 opinions
- Barth v. Monroe Board of EducationCourt of Appeals of Wisconsin · 1982
- Fiore v. City of MadisonWisconsin Supreme Court · 1953
- Immega v. City of ElkhornWisconsin Supreme Court · 1948
- Blue Top Motel, Inc. v. City of Stevens PointWisconsin Supreme Court · 1982
- (1973), Wisconsin Attorney General Reports1973
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