317.2003
RESOLUTION AUTHORIZING ENGAGEMENT OF CUSACK &
COMPANY, CERTIFIED PUBLIC ACCOUNTANTS TO CONSULT ON
IMPLEMENTATION OF GASB STATEMENT NO. 34 “BASIC FINANCIAL
STATEMENTS AND MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR STATE AND LOCAL GOVERNMENTS”
RESOLUTION NO.: 317, 2003
INTRODUCED BY: Mr. Roger Boor
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Theodore Turner
WHEREAS, in 1999 members of the Governmental Accounting Standards Board (GASB)
approved the issuance of GASB No. 34, “Basic Financial Statements and Management’s Discussion
and Analysis for Local Governments” which sets forth changes in how state and local governments
report their finances to the public, and
WHEREAS, the Town Comptroller and Accountant have recommended that the Town Board
authorize engagement of Cusack & Company, CPA’s (Cusack) to provide consultation services to the
Town concerning implementation of GASB Statement 34, and
WHEREAS, Cusack has offered to provide these services at a cost of $150 per hour, with the
th
total cost not to exceed $5,000, as more specifically set forth in Cusack’s letter dated June 4, 2003
and presented at this meeting,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes engagement of the services
of Cusack & Company, CPA’s to consult on the implementation of GASB No. 34, “Basic Financial
Statements and Management’s Discussion and Analysis for Local Governments” for an amount of
$150 per hour, with the total cost not to exceed $5,000, as more specifically set forth in Cusack’s letter
th
dated June 4, 2003 and presented at this meeting, and
BE IT FURTHER,
RESOLVED, that payment for these services shall be paid for from Consultant Fees Account
No.: 001-1315-4720, and
BE IT FURTHER,
RESOLVED, that the Town Board hereby authorizes and directs the Town Comptroller’s
Office to take all action needed to transfer $1,000 from Computer Software Account No.: 001-1315-
2032 to Consultant Fees Account No.: 001-1315-4720 and amend the 2003 Town Budget
accordingly, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor and/or
Town Comptroller to sign any documentation and take any and all action necessary to effectuate the
terms of this Resolution.
th
Duly adopted this 7 day of July, 2003, by the following vote:
AYES : Mr. Boor, Mr. Turner, Mr. Stec, Mr. Brewer, Mr. Brower
NOES : None
ABSENT: None