388.2008
RESOLUTION ESTABLISHING WARREN COUNTY OCCUPANCY
TAX FUND #50 FOR PURPOSE OF ACCOUNTING FOR
OCCUPANCY TAX REVENUES AND EXPENDITURES
RESOLUTION NO.: 388, 2008
INTRODUCED BY: Mr. Ronald Montesi
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, by Resolution No.: 484,2004, the Warren County Board of Supervisors
established the Occupancy Tax Program (Program), which Program provides for the distribution
of monies collected through occupancy tax charged on accommodations in order to allow
municipalities within its boundaries to use such funds for the promotion of area tourism, and
WHEREAS, by Resolution No.: 375,2004, the Queensbury Town Board authorized a
Local Tourism Promotion and Convention Development Agreement (Agreement) between the
Town and Warren County, which such Agreement provided specifically for the use of such
funds, and
WHEREAS, since 2004, the Town Board has adopted annual Resolutions providing for
such Program and Agreement, and
WHEREAS, the Town Board wishes to establish a separate fund for the purpose of
accounting for the occupancy tax revenues and expenditures, which shall be known as the
Warren County Occupancy Tax Fund #50,
NOW THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer to establish the Warren County Occupancy Tax Fund #50 in the Town of
Queensbury’s accounting system, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes the Accounting Department to
establish a separate bank account with Glens Falls National Bank, the Town’s official bank, for
such funds, transfer any unexpended balances (exact amount to be determined by the Town
Accountant) from the General Fund account to such bank account, and deposit any occupancy
tax monies received in the future to such account, and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes and directs the Town Budget Officer to
make any necessary adjustments to the Town’s financial records and accounting system to reflect
the establishment of such new Fund, and the Town Supervisor and/or Town Budget Officer to
take any further actions necessary to effectuate the terms of this Resolution.
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Duly adopted this 18 day of August, 2008 by the following vote:
AYES : Mr. Montesi, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Metivier
NOES : None
ABSENT: None