Virginia Decodedhttps://vacode.org34804315.2-2505Budget may include reserve for contingencies and capital improvements2026Counties, Cities and TownsPowers of Local GovernmentBudgets, Audits and Reports

Any locality may include in its budget a reasonable reserve for contingencies and capital improvements.

1980, c. 258, § 15.1-161.1; 1997, c. 587.Mountain View Ltd. Partnership v. City of Clifton ForgeRecord 972275504 S.E.2d 3711998-09-18https://www.courtlistener.com/opinion/1059856/mountain-view-ltd-partnership-v-city-of-clifton-forge/ . . . 504 S.E.2d 371 (1998) . . . SCV