556.2005
RESOLUTION AMENDING 2005 NEW YORK STATE
RETIREMENT BUDGET
RESOLUTION NO.: 556, 2005
INTRODUCED BY: Mr. John Strough
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Daniel Stec
WHEREAS, in July of 2004 Governor Pataki and the State Legislature passed changes to
Chapter 260 of General Municipal Law affecting a change in the payment due date for pension
contributions, various financing options for these payments, and establishing a new retirement
contribution reserve fund, and
WHEREAS, in January of 2005 the New York State Comptroller’s Office revised the
2004 bulletin and as a result the Town of Queensbury is required to recognize expenditures for
required contributions to the New York State and Local Retirement Systems that are not due
until the following fiscal year but are attributed to the current fiscal year, and
WHEREAS, the Town of Queensbury has available 2005 appropriated fund balance and
state retirement reserve funds in the General, Cemetery, Highway, Wastewater, Water and
Landfill funds as of October 28th, 2005 which the Town Board wishes to utilize to amend the
2005 budget as follows:
?
001-9010-8010 increase by $88,875
?
002-9010-8010 increase by $10,769
?
004-9010-8010 increase by $64,893
?
032-9010-8010 increase by $3,997
?
040-9010-8010 increase by $24,388
?
910-9010-8010 increase by $7,812
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board further authorizes and directs the Budget
Officer to transfer funds, amend the 2005 Town Budget and take such other and further action
necessary to effectuate the terms and provisions of this Resolution.
th
Duly adopted this 28 day of November, 2005 by the following vote:
AYES : Mr. Brewer, Mr. Stec, Mr. Boor, Mr. Turner, Mr. Strough
NOES : None
ABSENT : None