Adjustments to Budget Lines – AUD 2018

Resolution #22-2019 — 2019-04-18

WHEREAS

• the 2017-2018 AUD was submitted to the NYS Comptroller(OSC) and they have reviewed that submission
• the OSC has identified budget lines and transactions that need attention, in particular there remain due to/due from situations where money has to be moved between funds (General; Water and Trust and Agency)
• our Controller and Treasurer have reviewed the situation

RESOLVED

• the Treasurer and our Controller reviewed and reports the need for this transaction grouping based on the 5-31-18 Due to/Due from Schedule. Therefore, the Village Board authorizes the transactions necessary. And, the net change to the three funds would be this: No impact on Fund Balance. A200 (General Cash) +$67,468.00; T200 (T&A Cash) -$16,185.00; F200 (Water Cash) -$51,283.00; 0 = No net effect on composite budget