Transfer Funds to Reserve Accounts
One-time (complete)formal_resolutionone_timeAuthorize the transfer of $10,000 from General Fund (Police Vehicle & Equipment Reserve and Highway Reserve) and $50,000 from Water Fund (Water Equipment Reserve) to M&T Bank reserve accounts.
First seen
2016-06-13
Latest event
2016-06-13
adopted
Expires
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Resolution text
RESOLVED
- the Board of Trustees of the Village of Red Hook approves the transfer from General and Water Funds to M&T Reserve funds totaling $60,000.00
Show preamble — 2 WHEREAS clauses
- WHEREAS, the Village of Red Hook authorizes funds drawn from General Fund to reserve funds at M&T Bank in the amount of $10,000 ($2,500.00 each for 2015-2016 and 2016-2017 budgets for Police Vehicle & Equipment Reserve and Highway Reserve)
- WHEREAS, the Village of Red Hook authorizes funds drawn from the Water Fund to a reserve fund at M&T Bank in the amount of $50,000 ($25,000.00 each for 2015-2016 and 2016-2017 budgets for Water Equipment Reserve)
Lifecycle (1 event)
2016-06-13adoptedvote: unanimous
Approve the transfer of funds from General Fund and Water Fund to M&T Bank reserve funds totaling $60,000.
moved by Blundell · seconded by Kovalchik
Show text snapshot for this event
Resolved
- the Board of Trustees of the Village of Red Hook approves the transfer from General and Water Funds to M&T Reserve funds totaling $60,000.00
Whereas
- WHEREAS, the Village of Red Hook authorizes funds drawn from General Fund to reserve funds at M&T Bank in the amount of $10,000 ($2,500.00 each for 2015-2016 and 2016-2017 budgets for Police Vehicle & Equipment Reserve and Highway Reserve)
- WHEREAS, the Village of Red Hook authorizes funds drawn from the Water Fund to a reserve fund at M&T Bank in the amount of $50,000 ($25,000.00 each for 2015-2016 and 2016-2017 budgets for Water Equipment Reserve)
Subject key:
reserve_fund_transfers