113.99
RESOLUTION TRANSFERRING 1998 SURPLUS FUND BALANCE
TO RISK RESERVE FUND
RESOLUTION NO.: 113, 99
INTRODUCED BY: Mr. Douglas Irish
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Pliney Tucker
WHEREAS, the Town of Queensbury has an established Risk Reserve Fund for
unemployment insurance reserves and expenditures, and
WHEREAS, the Town Board of the Town of Queensbury would like to expand this Fund to
include worker’s compensation risk reserve funds, and
WHEREAS, the Town of Queensbury has surplus unappropriated fund balance in the General
st
Fund as of December 31, 1998 which the Town Board wishes to utilize to establish the worker’s
compensation portion of the Risk Reserve Fund,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes and directs
the Town Controller’s Office to transfer $100,000 from the 1998 ending surplus fund balance to the
Risk Reserve Fund for the establishment of the worker’s compensation reserve, and
BE IT FURTHER,
RESOLVED, that the Town Board of the Town of Queensbury hereby authorizes and directs
the Town Controller’s Office to transfer funds, amend the 1998 Town Budget and take such other and
further action necessary to effectuate the terms and provisions of this Resolution.
th
Duly adopted this 5day of April, 1999, by the following vote:
AYES : Mr. Merrill, Mr. Turner, Mr. Irish, Mr. Tucker, Mr. Champagne
NOES : None
ABSENT: None