479.2005
RESOLUTION AUTHORIZING CLOSURE OF CAPITAL PROJECT
FUND NO: 143
RESOLUTION NO.: 479, 2005
INTRODUCED BY: Mr. John Strough
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Roger Boor
WHEREAS, the Town of Queensbury has completed the Town-wide Revaluation Capital
Project Fund #143, and
WHEREAS, the final accounting shows that there is approximately $10,077.49
remaining in Capital Project Fund #143, and
WHEREAS, the Queensbury Town Board wishes to close this Capital Project Fund and
transfer the Fund’s remaining fund balance to Capital Improvement Reserve Fund No. 64, and
WHEREAS, in accordance with New York State General Municipal Law, if a Capital
Project is completed and there are funds remaining in the Capital Project Fund, the funds may be
transferred to a Capital Reserve Fund without such transfer being subject to permissive
referendum,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town
Budget Officer to close the Town-wide Revaluation Capital Project Fund #143 and transfer each
of the Fund’s remaining balance(s) to Capital Improvement Reserve Fund No. 64, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Budget
Officer to take such other and further action as may be necessary to effectuate all terms of this
Resolution.
rd
Duly adopted this 3 day of October, 2005, by the following vote:
AYES : Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec, Mr. Boor
NOES : None
ABSENT: None