Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Italy board approves $46,570 highway equipment transfer, OKs monthly vouchers
Summary
The Italy Town Board approved a $46,570 transfer into highway machinery and accepted three monthly abstracts totaling about $61,677; Councilor Malcolm Mac Kenzie asked the supervisor to confirm whether the town's bank balances are fully insured.
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
The Italy Town Board on June 10 approved a highway budget amendment moving $46,570 from DA2665 (sale of equipment) into DA.5130.2 for machinery and equipment, a measure the board adopted unanimously. The motion to accept the amendment was made by Councilor Dave Ferry and seconded by Malcolm Mac Kenzie.
The board also approved General Abstract #6 for $33,504.82, Highway Abstract #6 for $22,701.30 and FEMA Abstract #6 for $5,471.62 in a separate unanimous vote. Mac Kenzie noted that the town's bank accounts show a "large amount of money" and asked whether the balances have insurance coverage; Supervisor Richard Craig said he will contact Lyons National Bank to confirm.
The motions were recorded as passed 5-0. These approvals maintain the town's regular cash-flow and allow the highway fund to acquire equipment identified by Superintendent Andy Best. The board approved the May 2025 Supervisor/Executive Summary report during the same session.
