318.2006
RESOLUTION AUTHORIZING CLOSURE OF ECONOMIC
DEVELOPMENT CAPITAL RESERVE FUND
RESOLUTION NO.: 318, 2006
INTRODUCED BY: Mr. John Strough
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, the Town of Queensbury no longer utilizes funds in the Economic
Development Capital Reserve Fund, and
WHEREAS, the final accounting shows that there is approximately $70,362 (plus
accrued interest through the approval of this Resolution) in such Fund, and
WHEREAS, the Queensbury Town Board wishes to close this Capital Reserve Fund as of
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June 19, 2006 and transfer the Fund’s remaining fund balance to the General Fund,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Accountant to close the Economic Development Capital Reserve Fund and transfer the Fund’s
remaining fund balance to the General Fund, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Budget Officer and/or Accountant to take such other and further action as may be necessary to
effectuate all terms of this Resolution.
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Duly adopted this 19 day of June, 2006, by the following vote:
AYES : Mr. Sanford, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor
NOES : None
ABSENT: None