157.2019 Transfer Funds to Highway Garage Capital Fund #208
RESOLUTION AUTHORIZING TRANSFER OF FUNDS FROM
UNDESIGNATED GENERAL FUND BALANCE TO
HIGHWAY GARAGE CAPITAL PROJECT FUND #208
RESOLUTION NO.: 157, 2019
INTRODUCED BY: Mr. Anthony Metivier
WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Catherine Atherden
WHEREAS, by Resolution No.: 400,2015, in order to comply with the requirements of
Governmental Accounting Standards Board Statement No. 54, Fund Balance Reporting and
Governmental Fund Definitions (GASB54), the Queensbury Town Board adopted a Fund
Balance Policy, and
WHEREAS, in accordance with such Fund Balance Policy, the Town Budget Officer has
recommended that the Town Board transfer $1,000,000 from the Town’s undesignated, unassigned
General Fund’s Fund Balance to Highway Garage Capital Project #208, and
WHEREAS, the Town Board therefore wishes to authorize the Town Budget Officer to
transfer $1,000,000 of undesignated, unassigned Fund Balance from the General Fund to such
account as delineated above,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board authorizes and directs the Town Budget
Officer to transfer $1,000,000 from the Town’s General Fund undesignated, unassigned Fund
Balance to Highway Garage Capital Project #208 and make any adjustments, budget amendments,
transfers or prepare any documentation and take all other actions necessary to effectuate the
terms of this Resolution.
th
Duly adopted this 6 day of May, 2019, by the following vote:
AYES : Mr. Ferone, Mr. Strough, Mr. Metivier, Mrs. Atherden
NOES : None
ABSENT : Mrs. Switzer
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