FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to authorize the transfer of the audited, unexpended balance of the Conservation Commission’s FY 24/25 operating budget in the amount of $1,575 to the CNR Fund and increase the budgeted appropriation for account #21090305-58922 (Trail Maintenance) by the same amount in accordance with Ordinance #300-018 “An Ordinance Establishing a Conservation Commission for the Town of Ledyard”.
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Background:
The Conservation Commission CNR Fund #21090305-58922 (Trail Maintenance) current balance is $12,540.85
In accordance with Ordinance #300-018 An Ordinance Establishing a Conservation Commission for the Town of Ledyard “
Section 5. Deposit and Spending Funds
B Capital Non-Recurring Fund
In addition, a Capital Non-Recurring Account #21090305-58922 shall be known as the Tree Removal from Trails, as established by the Town Council on April 11, 2018.
C. Funds Appropriated to the CNR Account #21090305-58922:
1. Annual surpluses from the Conservation Commission’s operating budget starting with the end of the Fiscal Year 2018 budgetary year. Surplus funds shall be defined as unspent budgeted General Fund Operating amounts remaining at the year end.
2. All monies received by the Town of Ledyard as governmental or foundation grants or loans for trails and properties under the Conservation Commission’s Administrative Control;
3. All monies appropriated to said fund by the Town of Ledyard through its Capital Improvement Plan (CIP).
Department Comment/Recommendation:
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Finance Director Comment/Recommendation:
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Mayor Comment/Recommendation:
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