LEGISLATIVE YEAR 2022
RESOLUTION: R-22-008
PURPOSE: Establishing an expendable trust fund for 14 Court Street
expenses, funded by appropriations
SPONSOR(S): Alderman-at-Large Ben Clemons
COMMITTEE
ASSIGNMENT: Budget Review Committee
FISCAL NOTE: Establishes a restricted fund to account for appropriations
designated for a specific purpose.
ANALYSIS
This resolution establishes an expendable trust fund for expenses related to 14 Court Street,
funded by appropriations. The resolution states a non-binding intention of the current Board of
Aldermen to make annual appropriations into this trust fund beginning with the FY2023 budget,
and that the annual amount that will be appropriated will be equivalent to the amount of any rent,
taxes, and fees collected by the City relative to the use of the building. The balance in the
expendable trust fund will not lapse at the conclusion of each fiscal year and will be carried
forward. RSA 31;19-a provides for an annual accounting and report of the activities of the trust.
Approved as to account Financial Services Division
structure, numbers,
and amount: By: /s/ John Griffin
Approved as to form: Office of Corporation Counsel
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Date: | Aeossaulg MNo-29-
