WHEREAS the Town Board (the “Board”) of the Town of North Hempstead (the “Town”) has approved certain budgeted amounts for Workers Compensation tail claim expenses as part of the Adopted 2023 Annual Budget for the General Fund and Highway Funds, pursuant to applicable law; and
WHEREAS, the Town has available funds in the General Fund Workers Compensation Operating Account (the “General Fund Operating Account”); and
WHEREAS, the Board desires to transfer surplus monies from the General Fund Operating Account, in the amount of $211,211.82, to the General Fund Workers Compensation Reserve Fund to close fiscal year 2023; and
WHEREAS, the Town has available funds in the Highway Fund Workers’ Compensation Operating Account (the “Highway Fund Operating Account”); and
WHEREAS, the Board desires to transfer monies from the Highway Fund Operating Account, in the amount of $6,802.26, to the Highway Fund Workers Compensation Reserve Fund to close fiscal year 2023; and
WHEREAS, after careful consideration, the Board finds it in the best interests of the Town to transfer monies from the General Fund and the Highway Fund Operating Accounts to the reserve funds as outlined above (collectively the “Transfers”).
NOW, THEREFORE, BE IT
RESOLVED that the Board hereby authorizes the Transfers from the General Fund and the Highway Fund Operating Accounts to the reserve funds as outlined above; and be it further
RESOLVED that the Offices of the Town Attorney and Comptroller are hereby directed to take such action as may be necessary to effectuate the foregoing.
Dated: Manhasset, New York
March 5, 2024
The vote on the foregoing resolution was recorded as follows:
Ayes: Councilperson Adhami, Councilperson Dalimonte, Councilperson Liu, Councilperson Scott, Councilperson Troiano, Councilperson Walsh, Supervisor DeSena.
Nays: None.
cc: Town Attorney Comptroller |