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Board approves $10,270 transfer from contingency to cover insurance, DPW and festival costs

Village Board of Greenwood Lake · December 19, 2024
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Summary

The board approved budget adjustments that transferred $10,270 from contingency to cover higher insurance costs, unbudgeted DPW tree work, boiler repairs and holiday-festival expense line items.

The clerk read budget amendments explaining that increased revenues and added expenses required a contingency transfer of $10,270 to balance line items. Officials cited higher-than-budgeted insurance premiums, unplanned DPW contractual work (tree removals on Windermere and Murray), repairs to the DPW boiler and replacement of a garage gas-tank meter as causes for the transfer.

After the clerk's explanation the board moved and seconded the budget adjustments and approved the transfer. The clerk said some line items (festival revenues and expenses) will wash out over time.