238.96
RESOLUTION AMENDING 1996 BUDGET
RESOLUTION NO.: 238, 96
INTRODUCED BY: Mrs. Connie Goedert
WHO MOVED ITS ADOPTION
SECONDED BY: Mrs. Carol Pulver
WHEREAS, the Town Board of the Town of Queensbury desires to
save interest costs relating to the purchase of highway machinery
financed by Bond Anticipation Note #50, issued pursuant to
Resolution No. 190, 95, and therefore the Town Board of the Town of
Queensbury wishes to retire Bond Anticipation Note #50 rather than
issue a renewal Bond Anticipation Note, and
WHEREAS, a 1996 budget amendment is necessary to redeem the
full amount of Bond Anticipation Note #50,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
approves, authorizes, and directs that the 1996 Budget be amended
as follows:
1) Transfer $112,000 from 01-1990-4400, Contingency
Miscellaneous, and $500 from 01-1990-1002, Miscellaneous
Contingency, to Account No.: 01-9901-9004, Transfer to
Highway;
2) Increase estimated revenues and appropriations in the
Highway Fund by $112,500;
3) Increase the budget by $112,500 in the Highway Fund
Revenue Account No.: 04-04-5031 and increase the budget
by $112,500 in the Highway Expense Account 04-9730-6030;
and
BE IT FURTHER,
RESOLVED, that the 1996 Town Budget is hereby amended
accordingly.
Duly adopted this 20th day of May, 1996, by the following
vote:
AYES: Mr. Turner, Mrs. Goedert, Mrs. Pulver, Mrs. Monahan, Mr. C
Champagne
NOES: None
ABSENT:None