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088.2014 Closure of Funds Water Department RESOLUTION AUTHORIZING CLOSURE OF: 1) REHABILITATION FOR FILTER #4 CAPITAL PROJECT FUND #191; 2) WATER DEPARTMENT PUMP DRIVE CAPITAL PROJECT FUND #193; AND 3) WATER DEPARTMENT BOILER IMPROVEMENTS CAPITAL PROJECT FUND #197 RESOLUTION NO.: 88, 2014 INTRODUCED BY: Mr. Doug Irish WHO MOVED ITS ADOPTION SECONDED BY: Mr. William VanNess WHEREAS, in accordance with Resolution No.: 199,2012, the Queensbury Town Board established the "Rehabilitation for Filter #4 Capital Project Fund #191," which established funding for expenses associated with the purchase of materials and labor associated with the installation of the rehabilitation for Filter#4 rebuild and the purchase and delivery of approximately 1,500 cubic feet of media for Filter#4 at the Town Water Department (Project#1), and WHEREAS, in accordance with Resolution No.: 278,2012, the Town Board established the "Water Department Pump Drive Capital Project Fund #193," which established funding for expenses associated with the purchase and installation of an ABB Variable Frequency Drive for High Lift#3 at the Town Water Department (Project#2), and WHEREAS, in accordance with Resolution No.: 193,2013, the Town Board established the "Water Department Boiler Improvements Capital Project Fund #197," which established funding for expenses associated with certain boiler improvements at the Town Water Department (Project#3), and WHEREAS, the Town's Water Superintendent has advised that the Projects are complete and the Funds can be closed, and WHEREAS, the Town's accounting records show that there is approximately $10,600 remaining in Capital Project Fund #191, approximately $3,220 remaining in Capital Project Fund #193 and approximately $5,710 remaining in Capital Project Fund #197, and WHEREAS, the Town Board wishes to close these Capital Project Funds and transfer the Funds' remaining balances back to the Town's Water Fund #40 Fund Balance, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town Budget Officer to close the Rehabilitation for Filter #4 Capital Project Fund #191, Water Department Pump Drive Capital Project Fund #193, and Water Department Boiler Improvements Capital Project Fund #197 and transfer the Funds' remaining balances back to the Water Department's Fund Balance, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Budget Officer, Accountant and Water Superintendent to take such other and further action as may be necessary to effectuate all terms of this Resolution. Duly adopted this l Oth day of March, 2014, by the following vote: AYES Mr. Strough, Mr. Metivier, Mr. Clements, Mr. Irish, Mr. VanNess NOES None ABSENT: None