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Unapprove previously approved budget?


Guest Goliath

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Can a new Board of Directors unapprove a budget that had been approved by the previous Board of Directors? The previous BOD approved/adopted a 2014 Budget in Jan 2014. A new BOD was elected in May and they voted to unapprove the previous 2024 budget and adopted a new budget. Can they do this?

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The Board can change its opinion afterwards and make a motion to Amend or Rescind Something Previously Adopted.  But as others have stressed there are going to be limitations on what you can under when it comes to money related issues.  As in, once the money is spent the issue is done.  Or in others there may be a legal consequence which is beyond the scope of RONR (such as hiring and then firing an employee - i.e. hiring an employee with money made available from the current budget, and/or firing an employee if the payroll amount is decreased.)

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