FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to appropriate and transfer $201,239 from Account #10188210-59300 (Transferred Funds) to Account #2101402-49002 (CNR Transfers In);
In addition, appropriate $201,239 to Account #21070101-58261 (BOE CNR Ag-Science);
And authorize the Board of Education to spend up to $271,960 as outlined in the Board of Education Agricultural Science & Technology (ASTE) 2022/2023 request. .
end
Background:
For Fiscal Year 2022/2023 $850,000 was budgeted in the General Fund for Vo-Ag Stabilization Funding (ASTE) Revenues. The town received $1,051,239 in funding; or $201,239 more than the projected budgeted revenue.
The Board of Education's Agricultural Science & Technology (ASTE) Program developed the attached spending plan and has requested authorization to spend the additional $201,239 of ASTE Funding along with $70,721 of existing Ag Science Capital Funding for a total expenditure of $271,960.
Please see the attached Board of Education letter dated June 5, 2023.
Department Comment/Recommendation:
(type text here)
Finance Director Comment/Recommendation:
The Ag Science Capital Account in Fund 210 has an unencumbered balance of $83,152 prior to the transfer.
?
Mayor Comment/Recommendation:
(type text here)
Meeting Action Detail:
Town Council Meeting 06/14/2023:
File #: 23-1747 Version: 1
Type: Financial Business Request (FBR)
Title: MOTION to appropriate and transfer $201,239 from Account #10188210-59300 (Transferred Funds) to Account #2101402-49002 (CNR Transfers In);
In addition, appropriate $201,239 to Account #21070101-58261 (BOE CNR Ag-Science);
And authorize the Board of Education to spend up to $271,960 as outlined in the Board of Education Agricultural Science & Technology (ASTE) 2022/2023 request
Moved: Saums Seconded: Ingalls
Action: Approved and so Declared
Minute Note:
Moved by Councilor Ryan, second...
Click here for full text