RESOLUTION:
PURPOSE:
SPONSOR(S):
COMMITTEE
ASSIGNMENT:
FISCAL NOTE:
LEGISLATIVE YEAR 2021
R-21-158
Establishing an expendable trust fund, funded by
appropriations, and making a supplemental apprepriation of
$750,000 into the expendable trust fund
Mayer Jim Donchess
Establishes a restricted fund to account for appropriations
designated for a specific purpose. Proposed current year
appropriation reduces year end general fund surplus. Future
appropriations to this fund are through the annual budget
process.
This legislation establishes a
ANALYSIS
non-lapsing expendable trust fund, RSA 31:19-a, I provides for
an annual accounting and report of the activities of the trust.
This legislation also appropriates $750,000 into the new expendable trust fund. The funds are
part of the proceeds from the sale of City land on Bridge and Sanders Streets (see R-1 9-148),
There should be notice and a public hearing. A two-thirds vote is required under Charter Sec.
56-b for an item or amount not in the mayor’s budget. A roll call is required under Charter Sec.
49,
Approved as to account
structure, numbers,
and amount:
Approved as to form:
Financial Services Division
By: /s/ John Griffin
Office of Corporation Counsel
By: /s/ Celia K. Leonard
Date: August 3, 2021
