The Village at the annual meeting, or a special meeting called for that purpose, shall adopt a budget that shall include the proposed expenditures of each department for the coming fiscal year, and adoption of a budget at such meeting shall be deemed an appropriation to each department of the sum allotted in the budget for such department. The amounts stated in the budget, and as approved by the Village, shall become appropriated to the several agencies, departments, and purposes therein named.
24 Appendix V.S.A. § 269-1503