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  2. Board Of Aldermen - Agenda - 12/22/2020 - P39

Board Of Aldermen - Agenda - 12/22/2020 - P39

By dnadmin on Sun, 11/06/2022 - 22:49
Document Date
Fri, 12/18/2020 - 16:08
Meeting Description
Board Of Aldermen
Document Type
Agenda
Meeting Date
Tue, 12/22/2020 - 00:00
Page Number
39
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/boa_a__122220…

LEGISLATIVE YEAR 2020

RESOLUTION: R-20-103

PURPOSE: Relative to the transfer of $250,000 from Prior Year Escrow
funds, Department #194 “Contingency”, Account #70122
“Operating Expense Contingency” into the “Governor’s Office
for Emergency Relief and Recovery (GOFERR) grant”

ENDORSER(S): Mayor Jim Donchess

COMMITTEE

ASSIGNMENT:

FISCAL NOTE: Reduces the amount available in the Prior Year Escrow

account #70122. The current balance in this account is
$250,000. There will be zero funds remaining upon passage of
this resolution.

ANALYSIS

This resolution authorizes the transfer of $250,000 from Prior Year Escrow funds, “Operating
Expense Contingency” into the Governor’s Office for Emergency Relief and Recovery
(GOFERR) grant for the purpose of funding COVID-19 related costs not funded by the
GOFERR grant. Any unused funds remaining will be transferred back to the prior year escrow
account.

Charter Sec. 53 permits the Board of Aldermen to transfer any unencumbered appropriation
balance or any portion from one department, fund or agency to another.

NRO 5-130, H provides that “when proposed legislation to transfer or re-appropriate a particular
appropriation or purpose thereof has had its first reading, such funds shall not be expended or
transferred while the legislation is pending”.

Approved as to account Financial Services Division

structure, numbers and

amount: By:

Approved as to form: Office of Corporation Counsel
By:

Date:

Page Image
Board Of Aldermen - Agenda - 12/22/2020 - P39

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