City Council

TROY CITY COUNCIL FINANCE COMMITTEE AGENDA November 5, 2020 6:45 P.M. Pledge of Allegiance Roll Call Approval of Minutes Presentation of Agenda Public Forum (*see end of agenda for instructions) LOCAL LAWS ORDINANCES 86. Ordinance Authorizing The City To Create A Capital Project And Amending The Capital Projects Fund Budget To Allow Funding For Said Capital Project (Council President Mantello) (At The Request Of The Administration) RESOLUTIONS *PUBLIC FORUM Due to the current COVID-19 crisis and pursuant to Governor Andrew Cuomo’s Executive Order No. 202.1, this meeting shall be held remotely via videoconference and live-streamed on the City Council’s YouTube channel. Troy residents who wish to comment during the public forum at the beginning of the meeting must have the ability to join the Zoom meeting via computer or phone and will be required to pre-register for the meeting. The link to register for the meeting will be posted at least 24 hours before the meeting on the Council Agenda and Minutes page. You must register for the meeting by 3 pm on the day of the meeting. Comments for the Finance Committee meeting must be regarding agenda items. Per the City Council, written comments will not be read aloud at this meeting but will be added to the meeting minutes. Written comments to be added to the meeting minutes should be sent to mara.drogan@troyny.gov and must be received by 3 pm on the day of the meeting. You must include your full name and residential address, as required by Council rules. Written comments received after 3 pm shall be treated as correspondence and forwarded to the Council for their review. 1  ORD86 ORDINANCE AUTHORIZING THE CITY TO CREATE A CAPITAL PROJECT AND AMENDING THE CAPITAL PROJECTS FUND BUDGET TO ALLOW FUNDING FOR SAID CAPITAL PROJECT The City of Troy, convened in City Council, ordains as follows: Section 1. The establishment of a Capital project entitled “DPW Garage Door” Section 2. The City of Troy 2020 budget is herein amended as set forth in Schedule A entitled: 2020 Budget Amendments – DPW Garage Door Replacement which is attached hereto and made a part hereof Section 3. This act will take effect immediately. Approved as to form ________________________ , 2020 _______________________________________________ Richard T. Morrissey, Corporation Counsel  ORD86 MEMO IN SUPPORT This ordinance creates a capital project and provides funding from the General Fund’s Contingency account in the amount of $50,000. The project is to replace a garage door at the DPW Garage that was broken and needs to be replaced as soon as possible. Funding was determined based on the low bid amount of $47,000 with $3,000 added as contingency for the project.  Schedule A ORD86 2020 Budget Amendments – DPW Garage Door Replacement Original Change Revised Department Account No. Description Budget* (+/-) Budget General Fund Expenditures Contingency A.1990.0418.0000.0000 Contingency 470,984.95 (50,000.00) 420,984.95 Interfund Transfers A.9950.0900.0000.0000 Interfund Transfers 80,700.00 50,000.00 130,700.00 Net Impact On General Fund 0.00 Capital Projects Fund Revenues DPW Garage Door Replacement H.0000.5031.0674.0000 Interfund Transfers 0.00 50,000.00 50,000.00 Total Capital Projects Fund Budget Revenue Increase 50,000.00 Expenditures DPW Garage Door Replacement H.1620.0204.0674.0000 Facilities Upgrades/Improvements 0.00 50,000.00 50,000.00 Total Capital Projects Fund Budget Expenditure Increase 50,000.00 Net Impact On Capital Projects Fund 0.00 * Or as previously amended