Narrative of Resolution:
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Allocate funds from the 2024 Operating Budget to Assigned Fund Balance
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RESOLUTION INTRODUCED BY EXECUTIVE COMMITTEE TO ALLOCATE FUNDS FROM THE 2024 OPERATING BUDGET TO ASSIGNED FUND BALANCE
WHEREAS, the Sullivan County of Sullivan Division of Planning, Community Development and Environmental Management (“Planning”) has several projects for which funding was allocated in the 2024 Operating Budget that will continue beyond December 31, 2024; and
WHEREAS, it is the desire of the Sullivan County Legislature to minimize the impact on the 2025 operating budget and allocate funding from the 2024 Operating Budget to the Assigned Fund Balance - Planning and Assigned Fund Balance - O&W Rail Trails for the purpose of completing these projects.
NOW, THEREFORE, BE IT RESOLVED, that the Sullivan County Legislature authorizes funds remaining at the conclusion of FY2024, up to $475,000.00, to be transferred to the Assigned Fund Balance - Planning for the purposes as described below:
A-8020-90-40-4006 $250,000.00 Water Infrastructure Assessment
A-8020-90-47-4752 $100,000.00 Removal of Unsafe Structures (RUSt)
A8090-40-4001 $100,000.00 Bicycle & pedestrian Infrastructure Plan
BE IT FURTHER RESOLVED, that the Sullivan County Legislature authorizes funds remaining at the conclusion of FY2024, up to $25,000, to be transferred to the Assigned Fund Balance - O&W Rail Trails, said amount to be funded as follows:
A-8020-90-47-4763 $25,000.00 Property Acquisition
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