LEGISLATIVE YEAR 2022
RESOLUTION: R-22-021
PURPOSE: Changing the purpose of up to One Hundred and Fifty-Two
Thousand and Thirty Dollars ($152,030) of unexpended bond
proceeds from the Fire Department pumper truck and aerial
ladder truck purchases to infrastructure improvements to the
municipal fire alarm system
ENDORSERS: Mayor Jim Donchess
Alderman-at-Large Melbourne Moran, Jr.
COMMITTEE Budget Review Committee
ASSIGNMENT: Board of Fire Commissioners
FISCAL NOTE: Allows $152,030 to be spent on a capital project (municipal fire
alarm system improvements} from unspent bond proceeds
approved under R-20-008 and R-18-081. The approved purchases
of two fire trucks is complete. If bond funds were not repurposed
for this project. they could be used for other capital projects.
ANALYSIS
Resolutions R-20-008 and R-18-081 authorized bonding for the purchase of two trucks for the
Fire Department. Those purchases are complete and there are surplus funds. This legislation
allows those surplus funds to be used for infrastructure improvements to the municipal fire alarm
system. That project can be found in the FY2022 Capital Improvements Program.
The use of bond proceeds is controlled by RSA 33:3-a. They may be spent only for purposes for
which the loan is incurred, except as the statute otherwise provides. If no expenditure of the
proceeds has been made or a balance remains after “completion” of the project, the funds may be
authorized, by a 2.3 vote, for another project eligible for bonding for an equal or longer period,
or the funds may be used to pay principal of the project’s loan as it matures. RSA 33:3-a II. No
public hearing is needed under bonding requirements because the reallocation is not the
authorization of new borrowing. However, this is a supplemental appropriation. Charter Sec. 53
permits specific non-budget, supplementary appropriations. 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.
This legislation should be referred to the Board of Fire Commissioners.
Approved as to account Financial Services Division
structure, numbers and
amount: By: /s/John Griffin
Approved as to form: Office of Corporation Counsel
me Date Lartie,
Date: | Monts (Opus
