WHEREAS, the Town Board (the “Board”) of the Town of North Hempstead (the “Town”) has heretofore established a General Fund and a Highway Fund Workers’ Compensation Reserve Fund, pursuant to applicable law, for payment of workers’ compensation claims; and
WHEREAS, the Town has available funds in the General Fund (the “General Fund Reserve”); and
WHEREAS, the Board desires to transfer monies from the General Fund Reserve, in the amount of $19,299.74, for estimated tail claim expenses during the fiscal year of 2024; and
WHEREAS, the Town has available funds in the Highway Fund Workers’ Compensation Reserve Fund (the “Highway Fund Reserve”); and
WHEREAS, the Board desires to transfer monies from the Highway Fund Reserve, in the amount of $203,026.98, for estimated tail claim expenses during the fiscal year of 2024; and
WHEREAS, after careful consideration, the Board finds it in the best interests of the Town to transfer monies from the General Fund Reserve and the Highway Fund Reserve to the accounts as outlined above (collectively the “Transfers”).
NOW, THEREFORE, BE IT
RESOLVED that the Board hereby authorizes the Transfers from the General Fund Reserve and the Highway Fund Reserve to the accounts 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 |