Red Hook WatchIndependent Community Resource

Resolution for Budget Adjustments to Village General, Water & Sewer Funds

↑Meetings/Resolutions/15-2024
Expiredformal_resolutionongoingAmend the General Fund budget (reducing deficit from -$20,105.94 to -$110,494.06 after approving Fund Balance transfers), Water Fund, and Sewer Fund budgets with adjustments to revenues and expenses as detailed in the schedule.
First seen
2024-05-13
Latest event
2024-05-13
adopted
Expires
2025-05-31

Resolution text

RESOLVED

  1. the Village of Red Hook amends the General, Water, & Sewer Fund budgets as shown in the schedule above
Show preamble — 6 WHEREAS clauses
  • WHEREAS, the Village Board desires to amend the General, Water, & Sewer Fund budgets to reflect current information and expenses
  • WHEREAS, for the General Fund, the Village Board has previously approved using $101,600 of Fund Balance for the following budget items: Planning Contract addition - $10,000 – approved 8/14/23; Police Software - $11,500 – approved 8/14/23; Garbage Truck Purchase - $80,100 – approved 1/25/24
  • WHEREAS, the Village Board approved using $29,000 from the Highway Reserve Fund, which is not reflected in these budget adjustments
  • WHEREAS, the current General Fund budget reflects a deficit of ($20,105.94)
  • WHEREAS, the current Sewer Fund budget reflects a deficit of ($10,725.00)
  • WHEREAS, The Village Board has reviewed the following schedule of budget adjustments

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Lifecycle (1 event)

2024-05-13adoptedvote: 5
Amend the General, Water, and Sewer Fund budgets for fiscal year 2024-2025 to reflect current information and expenses.
moved by Smythe · seconded by Appenzeller
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Resolved
  1. the Village of Red Hook amends the General, Water, & Sewer Fund budgets as shown in the schedule above
Whereas
  • WHEREAS, the Village Board desires to amend the General, Water, & Sewer Fund budgets to reflect current information and expenses
  • WHEREAS, for the General Fund, the Village Board has previously approved using $101,600 of Fund Balance for the following budget items: Planning Contract addition - $10,000 – approved 8/14/23; Police Software - $11,500 – approved 8/14/23; Garbage Truck Purchase - $80,100 – approved 1/25/24
  • WHEREAS, the Village Board approved using $29,000 from the Highway Reserve Fund, which is not reflected in these budget adjustments
  • WHEREAS, the current General Fund budget reflects a deficit of ($20,105.94)
  • WHEREAS, the current Sewer Fund budget reflects a deficit of ($10,725.00)
  • WHEREAS, The Village Board has reviewed the following schedule of budget adjustments
Subject key: budget_adjustments_fy2024_2025