TO: | Budget & Finance Committee |
Michael J. Pepe, Chairman, Legislator, District 7 Martin P. Kelly, Legislator, District 1 Brian D. Sweet, Legislator, District 2 Roy S. Dimond, Legislator, District 3 Robert Headwell, Jr., Legislator, District 4 Daniel P. Wilson, Legislator, District 5 John M. Duchessi, Legislator, District 6 Joseph M. Isabel, Legislator, District 8 Robert A. Purtell, Legislator, District 9 | |
FROM: | Cheryl A. Reese, Clerk of the Legislature |
CC: | Legislators, County Attorney, County Treasurer, Media |
DATE: | 4/18/2024 |
RE: | Committee Meetings |
Chairman Michael Pepe has called a meeting of the Budget and Finance Committee meeting for 6:25 p.m. on Tuesday, April 17, 2018 in the Legislative Chambers, County Office Building, 64 Broadway, Fonda, New York. Items on the agenda, at this time, are as follows:
1. DISCUSSION
A. Privilege of Committee Chair, Committee Members & Legislators to discuss items of interest, etc., regarding departments governed by this Committee
2. RESOLUTION AUTHORIZING COUNTY TREASURER TO DISBURSE MORTGAGE TAX MONEY
3. RESOLUTION DESIGNATING ADDITIONAL DEPOSITORY FOR COUNTY FUNDS IN THE NAME OF THE COUNTY TREASURER DURING 2018 AND FIXING MAXIMUM AMOUNTS WHICH MAY BE KEPT ON DEPOSIT THEREIN AT ANY ONE TIME
4. RESOLUTION APPROVING ABSTRACT OF AUDITED CLAIMS (COUNTY LEGISLATURE)
5. OTHER
Res. # | Sponsor/Second | Recommendation | |
98 | RESOLUTION AUTHORIZING COUNTY TREASURER TO DISBURSE MORTGAGE TAX MONEY | Sweet/Isabel | Move to Full Legislature |
99 | RESOLUTION DESIGNATING ADDITIONAL DEPOSITORY FOR COUNTY FUNDS IN THE NAME OF THE COUNTY TREASURER DURING 2018 AND FIXING MAXIMUM AMOUNTS WHICH MAY BE KEPT ON DEPOSIT THEREIN AT ANY ONE TIME | Dimond/Sweet | Move to Full Legislature |
100 | RESOLUTION APPROVING ABSTRACT OF AUDITED CLAIMS (COUNTY LEGISLATURE) | Dimond/Wilson | Move to Full Legislature |
RESOLUTION NO. 98 of 2018 DATED: April 24, 2018 RECOMMENDATION: |
RESOLUTION AUTHORIZING COUNTY TREASURER TO DISBURSE MORTGAGE TAX MONEY
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WHEREAS, Montgomery County collects a Mortgage Tax which pursuant to local law must be distributed to local municipalities of the County; and
WHEREAS, the County Treasurer disburses the Mortage Tax funds bi-annually.
RESOLVED, that the Montgomery County Legislature hereby authorizes the County Treasurer to disburse Mortgage Tax money for the period October 1, 2017 through March 31, 2018, and
FURTHER RESOLVED, that said Treasurer is directed to take all necessary steps, under proper accounting procedure, to adjust the books of his office, effective immediately.
RESOLUTION VOTE, passed with Aye(9). (4/24/2018)
I. Nature of Request:
Authorization to disburse mortgage tax held in trust
II. Justification:
Authorization of governing body required to disburse mortgage tax.
III. Legislative Impact:
Authorized pursuant to Article 2 of the Charter.
IV. Financial Impact:
No financial impact to County, disbursing funds that have already been collected and being held in Trust account.
cc: | County Clerk County Treasurer |
RESOLUTION NO. 99 of 2018 DATED: April 24, 2018 RECOMMENDATION: |
RESOLUTION DESIGNATING ADDITIONAL DEPOSITORY FOR COUNTY FUNDS IN THE NAME OF THE COUNTY TREASURER DURING 2018 AND FIXING MAXIMUM AMOUNTS WHICH MAY BE KEPT ON DEPOSIT THEREIN AT ANY ONE TIME
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WHEREAS, according to Section 212 of County Law, the Legislature shall designate the banks, bankers or banking associates for deposit of all County funds received by the County Treasurer heretofore according to law, and
WHEREAS, the Legislature, in accordance with said section, shall likewise specify the name of each so designated and the maximum amount, which may be kept on deposit therein at any one time in the name of said County Treasurer,
RESOLVED, that pursuant to Section 212 of County Law, the following bank is hereby designated by the Montgomery County Legislature as an additional depository for the deposit of County funds by the County Treasurer of this County and deposited in the name of said County Treasurer for the year 2018, namely:
NATIONAL UNION BANK KINDERHOOK, 1 HUDSON STREET, KINDERHOOK, NY
FURTHER RESOLVED, that the maximum amount of County funds which may be kept on deposit in said depository at any one time in the name of the County Treasurer be and the same hereby is fixed and determined as follows:
NATIONAL UNION BANK OFKINDERHOOK, KINDERHOOK, NY $10,000,000
FURTHER RESOLVED, that said depository shall give good and sufficient collateral as prescribed by law, as security for the amount so deposited in said depository, the amount thereof to be at least equal to the amount hereby authorized to be deposited by said bank on behalf of the County Treasurer shall also be approved as to the amount by the County Treasurer, and
FURTHER RESOLVED, that such designated depository may execute their own undertaking and deposit on behalf of the County Treasurer outstanding unmatured bonds or other obligation of the United States of America, the State of New York, or of any County, Town, Village or School District in the State of New York, to the amount on deposit, less the amount certified by the depository as covered by insurance under the Federal Depositor Insurance Act as pursuant to Section 212, Subdivision 6 of the County Law of the State of New York, subject to approval of said County Attorney and said County Treasurer.
RESOLUTION VOTE, passed with Aye(9). (4/24/2018)
I. Nature of Request:
DESIGNATING ADDITIONAL DEPOSITORY FOR COUNTY FUNDS IN THE NAME OF THE COUNTY TREASURER DURING 2018 AND FIXING MAXIMUM AMOUNTS WHICH MAY BE KEPT ON DEPOSIT THEREIN AT ANY ONE TIME
II. Justification:
Pursuant to the Montgomery County Charter Article 2.04 (n)
III. Legislative Impact:
Pursuant to the Montgomery County Charter Article 2.04 (n)
IV. Financial Impact:
There is no financial impact
cc: | County Clerk County Treasurer |
RESOLUTION NO. 100 of 2018 DATED: April 24, 2018 RECOMMENDATION: |
RESOLUTION APPROVING ABSTRACT OF AUDITED CLAIMS (COUNTY LEGISLATURE)
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WHEREAS, pursuant to the Audit Guidelines, Section 2.02 (2), requires after examination and review of the claims by the County Auditor, and there being no objection to any of the claims by any committee or Board member, shall move that the claims as audited are approved and presented to the Board for approval of payment; and
WHEREAS, the County Auditor has audited claims for the period of March 27, 2018 through April 24, 2018; and the County Auditor recommends the payment of the claims as attached hereto in the "Abstract of Audited Claims".
RESOLVED, after examination and review of the claims by the County Auditor, the claims are audited and attached hereto, are hereby approved for payment by the Montgomery County Legislature.
RESOLUTION VOTE, passed with Aye(9). (4/24/2018)
I. Nature of Request:
APPROVING ABSTRACT OF AUDITED CLAIMS
II. Justification:
pursuant to the Audit Guidelines, Section 2.02 (2), requires after examination and review of the claims by the County Auditor, and there being no objection to any of the claims by any committee or Board member, shall move that the claims as audited are approved and presented to the Board for approval of payment
III. Legislative Impact:
Pursuant to the Audit Guidelines, Section 2.02 (2), requires after examination and review of the claims by the audit committee, and there being no objection to any of the claims by any committee or Board member, shall move that the claims as audited are approved and presented to the Board for approval of payment.
IV. Financial Impact:
no impact on the fund balance
cc: | County Clerk County Treasurer |