Red Hook WatchIndependent Community Resource

ADOPT 2020-2021 BUDGET

↑Meetings/Resolutions/12-2020
Expiredformal_resolutionongoingAdopts the 2020-2021 budget with General Fund at $2,217,960, Water Fund at $532,300, and Sewer Fund at $49,500, all within the tax cap with a reduced tax rate of $6.25.
First seen
2020-04-16
Latest event
2020-04-16
adopted
Expires
2021-06-30

Resolution text

RESOLVED

  1. THE RESULTING GENERAL FUND BUDGET WILL BE WITHIN THE NYS COMPTROLLER FORMULA FOR THE TAX CAP AND BE A REDUCTION IN THE TAX RATE. THE GENERAL FUND BUDGET WILL BE $2,217,960
  2. THE WATER FUND BUDGET AND THE SEWER FUND BUDGET WILL REMAIN AS LISTED IN THE TENTATIVE BUDGETS, WATER $532,300 WITHOUT ANY LINE ITEM CHANGES AND SEWER AT $49,500 WITHOUT ANY CHANGES
  3. THOSE GENERAL FUND, WATER FUND AND SEWER FUND BUDGETS ARE HEREBY ADOPTED WITH THE TREASURER TO BE FULLY ADVISED AND AUTHORIZED TO PROCEED ACCORDINGLY
Show preamble — 5 WHEREAS clauses
  • WHEREAS, THE VILLAGE BOARD HAS RECEIVED AND REVIEWED THE TENTATIVE BUDGET AND HELD A PUBLIC HEARING ON SAME
  • WHEREAS, FUNDING LINES AND EXPENSE LINES HAVE BEEN DEVELOPED, REVIEWED AND ESTABLISHED IN BOARD WORKSHOP MEETINGS TO REFLECT INCOME PROJECTIONS AND EXPENSES FROM TRENDING AND HISTORY
  • WHEREAS, SINCE THE PRESENTATION OF THE TENTATIVE BUDGET THERE HAVE BEEN SIGNIFICANT NEGATIVE STATE, NATIONAL AND INTERNATIONAL ECONOMIC DEVELOPMENTS THAT ARE NOT POSSIBLE TO TREND OR ESTABLISH AT THIS POINT IN TIME
  • WHEREAS, THESE DEVELOPMENTS MAY REQUIRE FORMAL EDITS TO THE BUDGET AND OPERATIONS IN THE NEXT FISCAL YEAR
  • WHEREAS, THE VILLAGE'S BUDGET HAS THREE BUDGET AREAS: GENERAL FUND; WATER BUDGET AND SEWER BUDGET

Document references

Cites or incorporates

Lifecycle (1 event)

2020-04-16adoptedvote: unanimous
Adopt Resolution 12-2020 to approve the 2020-2021 budget.
moved by Blundell · seconded by Trapp
Show text snapshot for this event
Resolved
  1. THE RESULTING GENERAL FUND BUDGET WILL BE WITHIN THE NYS COMPTROLLER FORMULA FOR THE TAX CAP AND BE A REDUCTION IN THE TAX RATE. THE GENERAL FUND BUDGET WILL BE $2,217,960
  2. THE WATER FUND BUDGET AND THE SEWER FUND BUDGET WILL REMAIN AS LISTED IN THE TENTATIVE BUDGETS, WATER $532,300 WITHOUT ANY LINE ITEM CHANGES AND SEWER AT $49,500 WITHOUT ANY CHANGES
  3. THOSE GENERAL FUND, WATER FUND AND SEWER FUND BUDGETS ARE HEREBY ADOPTED WITH THE TREASURER TO BE FULLY ADVISED AND AUTHORIZED TO PROCEED ACCORDINGLY
Whereas
  • WHEREAS, THE VILLAGE BOARD HAS RECEIVED AND REVIEWED THE TENTATIVE BUDGET AND HELD A PUBLIC HEARING ON SAME
  • WHEREAS, FUNDING LINES AND EXPENSE LINES HAVE BEEN DEVELOPED, REVIEWED AND ESTABLISHED IN BOARD WORKSHOP MEETINGS TO REFLECT INCOME PROJECTIONS AND EXPENSES FROM TRENDING AND HISTORY
  • WHEREAS, SINCE THE PRESENTATION OF THE TENTATIVE BUDGET THERE HAVE BEEN SIGNIFICANT NEGATIVE STATE, NATIONAL AND INTERNATIONAL ECONOMIC DEVELOPMENTS THAT ARE NOT POSSIBLE TO TREND OR ESTABLISH AT THIS POINT IN TIME
  • WHEREAS, THESE DEVELOPMENTS MAY REQUIRE FORMAL EDITS TO THE BUDGET AND OPERATIONS IN THE NEXT FISCAL YEAR
  • WHEREAS, THE VILLAGE'S BUDGET HAS THREE BUDGET AREAS: GENERAL FUND; WATER BUDGET AND SEWER BUDGET
Subject key: budget_2020_2021