335.2010 Fund #014 Lake George Plan for the Fu
RESOLUTION AUTHORIZING FUNDING OF FUND #014 LAKE GEORGE
PLAN FOR THE FUTURE
RESOLUTION NO.: 335, 2010
INTRODUCED BY: Mr. Anthony Metivier
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Tim Brewer
WHEREAS, the Town of Queensbury has Agreements with New York State related to
the Lake George Plan for the Future Grant Programs, and
WHEREAS, in order to receive the grant funding under this program, the Town of
Queensbury has to advance monies to pay for expenses incurred, then request reimbursement of
these expenditures under the grant program,
WHEREAS, the Lake George Plan for the Future Grant Fund #014 is a Capital Project
Fund, and appropriate funding for expenses incurred prior to reimbursement from the State of
NY should have been from the Capital Reserve #64, and
WHEREAS, in the past, the General Fund had advanced such monies, and
WHEREAS, in order to show monies due to the Town for these capital projects from
New York State should be associated with the Capital Reserve #064 not the General Fund #001,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes re-allocation of
$368,000 in monies expended to fund expenses for past Lake George for the Future, Fund #014
still subject to reimbursement under the grant agreements between the Town of Queensbury and
NY State from General Fund to the Capital Reserve #064, and
BE IT FURTHER,
RESOLVED, that any future expenditures on Fund #014 shall be funded from Capital
Reserve #064 and any reimbursements received under Grant Agreements with New York State
for past and future expenditures shall be returned to the Capital Reserve #064, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor,
Town Budget Officer and/or Town Accountant to take all actions necessary to effectuate the
terms of this Resolution, and
BE IT FURTHER,
RESOLVED, that this Resolution is subject to a permissive referendum in accordance
with the provisions of Town Law Article 7 and the Town Board hereby authorizes and directs the
Town Clerk to publish and post such notices and take such other actions as may be required by
law.
th
Duly adopted this 4 day of October, 2010, by the following vote:
AYES: Mr. Brewer, Mr. Stec, Mr. Metivier, MR. Montesi, Mr. Strough
NOES: None
ABSENT:None