364.92
RESOLUTION AUTHORIZING INTERFUND ADVANCES
RESOLUTION NO.: 364, 92
INTRODUCED BY: Mr. Michel Brandt WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Nick Caimano
WHEREAS, Section 9-A of the General Municipal Law of the State of New
York authorizes interfund advances and provides therein that a municipal
corporation may temporarily advance monies held in any fund to any other fund
of the municipal corporation, and
WHEREAS, the Director of Accounting Services has advised that it was
necessary to temporarily advance certain funds into the account set forth
below and that the monies have been loaned as of the dates indicated herein
and that, where necessary, interest will be paid as well in the following
instances:
DUE FROM FUND DUE TO FUND AMOUNT DUE LOAN DATE
Landfill Fund - 910 Queensbury Water - 40 20,000.00 17-Mar-92
Quaker Rd. Sewer CP - 76 Queensbury Water - 40 800.00 17-Mar-92
Cemetery Retort CP - 95 Queensbury Water - 40 100.00 17-Mar-92
Landfill Fund - 910 Queensbury Water - 40 50,000.00 02-Apr-92
Quaker Rd. Sewer CP - 76 Queensbury Water - 40 500.00 17-Apr-92
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby ratifies
the temporary advances made.
Duly adopted this 6th day of July, 1992, by the following vote:
AYES : Mr. Tucker, Mrs. Monahan, Mrs. Goetz, Mr. Caimano, Mr. Brandt
NOES : None
ABSENT: None