Term
Carry-forward
Also known as: Re-appropriation
Unspent appropriation that is re-budgeted into the next fiscal year, typically for multi-year capital projects.
Without carry-forward, every June 30 unfinished work would have to be re-approved at $0 the next day. Carry-forward keeps multi-year projects moving.
In Menlo Park
CIP project budgets routinely carry forward across multiple fiscal years.