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Village board creates budget lines for $400,000 law-enforcement equipment grant
Summary
The Greenwood Lake board approved Resolution 26 to establish revenue and expense lines recognizing a $400,000 law-enforcement equipment grant so the village can accept and spend the award; the board voted to approve the budget lines.
The Greenwood Lake Village Board voted to authorize budget lines recognizing a $400,000 law-enforcement equipment grant so the village can receive and expend the award. Mayor Howley said the board must add revenue and expense lines in the general ledger to account for the grant because it was not part of the original adopted budget.
Mayor Howley described the resolution’s accounting action: "authorizes the creation of revenue line a dot 3089Dot374 law enforcement equipment grant in the amount of $400,000, and an expense line... in the amount of $400,000." The motion to create the lines was moved and seconded and the board approved the measure by voice vote.
The item was presented as an administrative budget-entry step to allow receipt and disbursement of the awarded funds; board members noted it was necessary to amend ledgers so purchasing and procurement for equipment can proceed. No detailed procurement plan or vendor award was discussed during the meeting, and the resolution itself only established accounting lines.
