Red Hook WatchIndependent Community Resource

Create Budget Modification for Replacement Police Car Purchase

↑Meetings/Resolutions/41-2019
One-time (complete)formal_resolutionone_timeAllocates the insurance recovery revenue of $35,510 received in FY 2018-2019 to cover the $37,275.92 replacement police car delivery and authorizes the Treasurer to make the payment and requisite budget modifications.
First seen
2019-11-04
Latest event
2019-11-04
adopted
Expires
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Resolution text

RESOLVED

  1. the police vehicle replacement expense be allocated to a fund balance transaction in the amount of $37,295.92 and the Treasurer is authorized to make the payment and requisite budget modifications
Show preamble — 5 WHEREAS clauses
  • WHEREAS, the Village of Red Hook was paid by NYMIR $35,510, on April 22, 2019 for a total loss settlement for the 2017 police car; net deductible and retained salvage value
  • WHEREAS, this revenue was booked to the Insurance Recovery line in Fiscal Year 2018-2019 and the replacement car was ordered in that Fiscal Year under applicable state contract price options
  • WHEREAS, the replacement car was delivered and was billed for in the subsequent Fiscal Year 2019-2020, on September 26, 2019, in the amount of $37,275.92 and the money needs to be paid
  • WHEREAS, we need a method to best monitor budget lines and not confuse one-time expenses with routine police vehicle costs
  • WHEREAS, the insurance recovery revenue was carried as fund balance from last Fiscal Year to the current Fiscal Year

Lifecycle (1 event)

2019-11-04adoptedvote: unanimous
Create a budget modification for the replacement police car purchase funded by insurance recovery.
moved by Blundell · seconded by Trapp
Show text snapshot for this event
Resolved
  1. the police vehicle replacement expense be allocated to a fund balance transaction in the amount of $37,295.92 and the Treasurer is authorized to make the payment and requisite budget modifications
Whereas
  • WHEREAS, the Village of Red Hook was paid by NYMIR $35,510, on April 22, 2019 for a total loss settlement for the 2017 police car; net deductible and retained salvage value
  • WHEREAS, this revenue was booked to the Insurance Recovery line in Fiscal Year 2018-2019 and the replacement car was ordered in that Fiscal Year under applicable state contract price options
  • WHEREAS, the replacement car was delivered and was billed for in the subsequent Fiscal Year 2019-2020, on September 26, 2019, in the amount of $37,275.92 and the money needs to be paid
  • WHEREAS, we need a method to best monitor budget lines and not confuse one-time expenses with routine police vehicle costs
  • WHEREAS, the insurance recovery revenue was carried as fund balance from last Fiscal Year to the current Fiscal Year
Subject key: police_vehicle_replacement