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Board adopts Resolution 2025-5a authorizing multiple budget transfers under Village Law Section 5-520
Summary
The Village Board adopted Resolution 2025-5a, citing Section 5-520 of the Village Law, authorizing multiple transfers between accounts after the Clerk-Treasurer determined funds were insufficient to meet appropriations. The resolution lists specific transfers and was adopted with all members voting aye.
The Village Board on May 22 adopted Resolution 2025-5a to authorize a series of budget transfers after the Clerk-Treasurer reported available moneys were insufficient to meet estimated appropriations. The resolution cites Section 5-520 of the Village Law as the authority for transfers; the motion was adopted with all voting aye.
The minutes list numerous individual transfers by account code, including transfers into Clerk/Treasurer personnel, ambulance loan accounts and hospital/medical accounts. Examples recorded in the motion text include a transfer of $9,015.05 from A5132.4 (Highway Garage) to A5182.4 (Street lighting) and $18,633.32 from A1620.4 (Bldgs/VH contract) to A9790.6 (Ambulance loan). The resolution text is included in the minutes.
"WHEREAS, Section 5-520 of the Village Law allows for the transfers when expenditure will exceed the estimated as shown in the budget at the time if appropriations and, WHEREAS, as of 5/31/25 the Clerk Treasurer has determined that the moneys available is insufficient to meet that required and now therefore, BE IT RESOLVED, that the Board of Trustees authorizes the following transfers as shown below," the minutes record.
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