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Year-end transfers move funds to close negative general accounts and replenish capital
Summary
The board approved a set of year-end general-fund transfers to close overdrawn accounts and restore capital/maintenance reserves, including engineering-to-building, safety-inspection to insurance, celebrations to playgrounds and multiple snow-removal adjustments.
The Chair said the village finished the year "in the black" and outlined several transfers to close overdrawn general-fund accounts and replenish capital accounts. The Chair listed specific transfers by object code, including $9,000 from 1440.4 (engineering CE) to 1620.4 (building CE) and $2,033.65 from celebrations CE to playgrounds CE.
A Committee member moved the transfers as presented; the Chair seconded and the motion was carried by voice vote. The Chair noted that members received NYCLASS capital-fund statements showing balances and that most changes reflected moving surplus into capital or wiping out shortfalls.
The board also approved adjustments to payroll and insurance object codes tied to snow-removal and safety-inspection line items as part of the same transfer package.
