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resolution 3 pages

On motion of TRUSTEE____________, seconded by TRUSTEE _______, the following resolution was adopted by the Board of Trustees of the Village of Croton-on-Hudson, New York: Resolution #14-2022 WHEREAS, PERMA issued a surplus to its members and the Village of Croton-on-Hudson received $14,879.31; and WHEREAS, the scheduled Bond Refunding occurred on February 1, 2022; and WHEREAS, due to the Bond Refunding $76,094.81 of the original FY2022 budget will not need to be spent on debt service during the current fiscal year, NOW THEREFORE BE IT RESOLVED: that the Village Treasurer is authorized to make the following budget transfers to the 2021/22 General, Water, and Sewer Fund budgets as follows: Increase Revenue Dept Item Description Amount A1000 Insurance Recoveries $ 11,903.44 Total Increase $ 11,903.44 Decrease Expense Dept Item Description Amount A9901 Transfer to Debt Service Fund $ 38,318.87 Total Decrease $ 38,318.87 Increase Contingency Dept Item Description Amount A1990 Contingency $ 50,222.31 Total Decrease $ 50,222.31 Water Fund Increase Revenue Dept Item Description Amount F1000 Insurance Recoveries $ 2,678.28 Total Increase $ 2,678.28 Decrease Expense Dept Item Description Amount F9901 Transfer to Debt Service $ 34,336.32 Total Decrease $ 34,336.32 Increase Contingency Dept Item Description Amount F1990 Contingency $ 37,014.60 Total Increase $ 37,014.60 Sewer Fund Increase Revenue Dept Item Description Amount G1000 Insurance Recoveries $ 297.59 Total Increase $ 297.59 Decrease Expense Dept Item Description Amount G9901 Transfer to Debt Service Fund $ 3,439.62 Total Decrease $ 3,439.62 Increase Contingency Dept Item Description Amount G1990 Contingency $ 3,737.21 Total Increase $ 3,737.21 Dated: February 7, 2022