Red Hook WatchIndependent Community Resource

Authorization for Reserve Fund Transfers and CD Conversions

↑Meetings/Documents/res::op-_11212019-392-01::2019-11-21::_11212019-392
Inline resolution2019-11-21
Original file not available onlineView version history →Meeting on 2019-11-21 →

Authorization for Reserve Fund Transfers and CD Conversions

RESOLVED

  • the treasurer and comptroller shall identify short term/lived asset expenses and mark them for transfer from the money market account to the water operating account, using transaction code EW921.1, with expenses paid off normal expense lines and notation for any budget adjustments needed
  • this same process shall be used for other reserves, transfers and money market operating funds subject to Board review, with general funds transactions using special transaction code A915
  • the treasurer is authorized to convert the Tower Reserve and Snow Equipment accounts from CD to Money Market at M&T Bank