Red Hook WatchIndependent Community Resource

Adopt 2019-2020 Budget

↑Meetings/Resolutions/20-2019
Activeformal_resolutionongoingAdopt the 2019-2020 budget with a General Fund of $2,100,000, incorporate Materials Management Fund into the General Fund effective June 1, 2019, and adjust various revenue and expense line items.
First seen
2019-04-18
Latest event
2019-04-18
adopted
Expires
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Resolution text

RESOLVED

  1. EFFECTIVE JUNE 1, 2019 THE TREASURER WILL PROPERLY CLOSE OUT THE ENTERPRISE FUND AND CHECKING ACCOUNT FOR MATERIALS MANANGEMENT AND INCORPORATE IT INTO THE GENERAL FUND, BUT CONTINUE TO MAINTAIN ALL OF THE CURRENT CONTROLS AND AUDITS OF CASH FLOW
  2. THE FOLLOWING BUDGET LINES IN THE TENTATIVE GENERAL FUND BE ADJUSTED FOR A FINAL BUDGET: A1120 SALES TAX - CHANGE TO $104,000 PER LAST YEAR FINALS; A1170 FRANCHISE FEES – CHANGE TO $42,000 PER LETTER FROM SPECTRUM; A2130 GARBAGE TAG SALES – REDUCE TO $39,000 PER TRENDS; A1110.11 COURT CLERK CHANGE TO $30,000; A1210.1 MAYOR CHANGE TO $13,620; A1620.46 BUILDING REPAIRS ROOF/PLUMB CHANGE TO $2,000; A1640.46 CENTRAL GARAGE FUEL OIL – CHANGE TO $500; A5140.0 LANDFILL (BRUSH) CHANGE TO $3,750; A5182.4 STREET LIGHTS – CHANGE TO $55,000; A8010.1 ZONING PERS SERVICES – CHANGE TO $45,000; A8160.44 TIPPING FEES – CHANGE TO $12,500; A9010.8 NYS RETIREMENT – CHANGE TO $45,000; A9030.8 SOCIAL SECURITY - CHANGE TO $49,000. THE RESULTING GENERAL FUND BUDGET WILL BE WITHIN THE NYS COMPTROLLER FORMULA FOR THE TAX CAP. THE GENERAL FUND BUDGET WILL BE $2,100,000 INCLUDING THE CHANGES ABOVE
  3. THE WATER FUND BUDGET AND THE SEWER FUND BUDGET, BOTH ENTERPRISE FUNDS WILL REMAIN AS LISTED IN THE TENTATIVE BUDGETS, WATER $523,000 WITHOUT ANY LINE ITEM CHANGES AND SEWER AT $49,500 WITHOUT ANY CHANGES
Show preamble — 5 WHEREAS clauses
  • WHEREAS, THE VILLAGE BOARD HAS RECEIVED AND REVIEWED THE TENTATIVE BUDGET AND HELD A PUBLIC HEARING ON SAME
  • WHEREAS, CERTAIN FUNDING LINES AND EXPENSE LINES HAVE BEEN REVIEWED AND MODIFIED TO REFLECT MORE ACCURATE INCOME PROJECTIONS AND EXPENSES SINCE THE PRESENTATION OF THE TENTATIVE BUDGET
  • WHEREAS, THESE CHANGES REQUIRE FORMAL EDITS TO THE TENTATIVE BUDGET
  • WHEREAS, THE VILLAGE'S BUDGET HAS HISTORICALLY INCLUDED FOUR BUDGET AREAS: GENERAL FUND; MATERIALS MANAGEMENT; WATER AND SEWER BUDGETS, THE MATERIAL MANAGEMENT FUND BEING A SEPARATE ENTERPRISE FUND BASED ON TAG SALES AND EXPENSES RELATED TO THAT ENTERPRISE
  • WHEREAS, THE VILLAGE BOARD HAS DECIDED TO MOVE THE MATERIAL MANAGEMENT FUND INTO THE GENERAL FUND BUDGET, AS SHOWN IN THE TENTATIVE BUDGET, UTIILIZING TAG SALES TO CONTINUE ITS OWN CASH FLOW

Lifecycle (1 event)

2019-04-18adoptedvote: unanimous
Adopt the 2019-2020 budget with adjustments to budget lines and incorporation of Materials Management Fund into General Fund, effective June 1, 2019.
moved by Blundell · seconded by Trapp
Show text snapshot for this event
Resolved
  1. EFFECTIVE JUNE 1, 2019 THE TREASURER WILL PROPERLY CLOSE OUT THE ENTERPRISE FUND AND CHECKING ACCOUNT FOR MATERIALS MANANGEMENT AND INCORPORATE IT INTO THE GENERAL FUND, BUT CONTINUE TO MAINTAIN ALL OF THE CURRENT CONTROLS AND AUDITS OF CASH FLOW
  2. THE FOLLOWING BUDGET LINES IN THE TENTATIVE GENERAL FUND BE ADJUSTED FOR A FINAL BUDGET: A1120 SALES TAX - CHANGE TO $104,000 PER LAST YEAR FINALS; A1170 FRANCHISE FEES – CHANGE TO $42,000 PER LETTER FROM SPECTRUM; A2130 GARBAGE TAG SALES – REDUCE TO $39,000 PER TRENDS; A1110.11 COURT CLERK CHANGE TO $30,000; A1210.1 MAYOR CHANGE TO $13,620; A1620.46 BUILDING REPAIRS ROOF/PLUMB CHANGE TO $2,000; A1640.46 CENTRAL GARAGE FUEL OIL – CHANGE TO $500; A5140.0 LANDFILL (BRUSH) CHANGE TO $3,750; A5182.4 STREET LIGHTS – CHANGE TO $55,000; A8010.1 ZONING PERS SERVICES – CHANGE TO $45,000; A8160.44 TIPPING FEES – CHANGE TO $12,500; A9010.8 NYS RETIREMENT – CHANGE TO $45,000; A9030.8 SOCIAL SECURITY - CHANGE TO $49,000. THE RESULTING GENERAL FUND BUDGET WILL BE WITHIN THE NYS COMPTROLLER FORMULA FOR THE TAX CAP. THE GENERAL FUND BUDGET WILL BE $2,100,000 INCLUDING THE CHANGES ABOVE
  3. THE WATER FUND BUDGET AND THE SEWER FUND BUDGET, BOTH ENTERPRISE FUNDS WILL REMAIN AS LISTED IN THE TENTATIVE BUDGETS, WATER $523,000 WITHOUT ANY LINE ITEM CHANGES AND SEWER AT $49,500 WITHOUT ANY CHANGES
Whereas
  • WHEREAS, THE VILLAGE BOARD HAS RECEIVED AND REVIEWED THE TENTATIVE BUDGET AND HELD A PUBLIC HEARING ON SAME
  • WHEREAS, CERTAIN FUNDING LINES AND EXPENSE LINES HAVE BEEN REVIEWED AND MODIFIED TO REFLECT MORE ACCURATE INCOME PROJECTIONS AND EXPENSES SINCE THE PRESENTATION OF THE TENTATIVE BUDGET
  • WHEREAS, THESE CHANGES REQUIRE FORMAL EDITS TO THE TENTATIVE BUDGET
  • WHEREAS, THE VILLAGE'S BUDGET HAS HISTORICALLY INCLUDED FOUR BUDGET AREAS: GENERAL FUND; MATERIALS MANAGEMENT; WATER AND SEWER BUDGETS, THE MATERIAL MANAGEMENT FUND BEING A SEPARATE ENTERPRISE FUND BASED ON TAG SALES AND EXPENSES RELATED TO THAT ENTERPRISE
  • WHEREAS, THE VILLAGE BOARD HAS DECIDED TO MOVE THE MATERIAL MANAGEMENT FUND INTO THE GENERAL FUND BUDGET, AS SHOWN IN THE TENTATIVE BUDGET, UTIILIZING TAG SALES TO CONTINUE ITS OWN CASH FLOW
Subject key: budget_2019_2020