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City Council

Regular Meeting

Troy, NY · March 27, 2024

AgendaMinutes

Minutes

Minutes of the TROY CITY COUNCIL Finance MEETING March 27th , 2024 6:00 P.M. The meeting was called to order at 5:34 p.m. by Council President Steele. Roll Call: The roll being called, the following answered to their names: Council Member Keal, Council Member Brosnan, Council Member Spain-McLaren, Council Member Vera, Council Member Sorriento, Council Member Casey, Council President Steele, Chair. In attendance were Mayor Carmella Mantello, Deputy Mayor Seamus Donnelly, Corporation Counsel Dana Salazar, City Comptroller Dylan Spring, Approximately 5 members of the public attended. Public Forum: No one came forward 11. Ordinance Transferring Funds Within The 2023 General Fund (Council President Steele) (At the Request of the Administration) Ordinance passed 5 ayes, 2 nos (Vera, Steele) 0 abstentions. 0 absent Adjournment The meeting adjourned at 6:24 p.m. A video recording of this meeting is on file at the City Clerk's office. An audio recording of this meeting is on file at the City Clerk's office. Audio and video recordings of this meeting are on file at the City Clerk's office. 1

Agenda

TROY CITY COUNCIL FINANCE MEETING AGENDA March 27th, 2024 5:30 P.M. Pledge of Allegiance Roll Call Public Forum Presentation of Agenda ORDINANCES 11. Ordinance Transferring Funds Within The 2023 General Fund (Council President Steele) (At the Request of the Administration) 1 ORD11 ORDINANCE TRANSFERRING FUNDS WITHIN THE 2023 GENERAL FUND The City of Troy, convened in City Council, ordains as follows: Section 1. The City of Troy 2023 budget is herein amended as set forth in Schedule A entitled: 2023 Budget Transfer(s) – March 2024 City Council Meeting which is attached hereto and made a part hereof. Section 2. This Ordinance shall take effect immediately. Approved as to form ____________________, 2024 Dana L. Salazar, Corporation Counsel ORD11 Carmella Mantello Dylan Spring Mayor City Comptroller Seamus Donnelly Deputy Mayor Office of the City Comptroller Phone: (518) 279-7103 City Hall Fax: (518) 268-1682 433 River Street Troy, New York 12180 Date: March 21, 2024 To: Troy City Council From: Dylan Spring, City Comptroller Re: 2023 Budget Transfer(s) – March 2024 City Council Meeting The reasons below are specific to the items as referenced on Schedule A as justification for the budget amendment(s). 1. A transfer of the DPW Street Maintenace Utilities- Street Lights, Ice Rink Utilities Gas & Electric, DPW Facility Maintenace Utilities Gas & Electric, DPW Consultant Services, and DPW Consultant Services to the DPW Facility Maintenance Rental account in the amount of $226,807.80. The funds are needed to cover the outstanding holdover rent for 2022 and 2023 for City Hall. Schedule A 2024 Budget Transfer(s) – March 2024 City Council Meeting Original Change Revised Department Account No. Description Reference Budget* (+/-) Budget General Fund Ice Rink A.7140.041.0054.0000 Utilities Gas & Electric $ 38,000.00 $ (38,000.00) $ - Street Maintenance A.5110.401.0074.0000 Utilities Street Lights $ 642,500.00 $ (86,514.54) $ 555,985.46 Facilities Maintenance A.1620.0303.0000.0000 Other Material & Supplies $ 49,800.00 $ (934.45) $ 48,865.55 Facilities Maintenance A.1620.0401.0054.0000 Utilities Gas & Electric $ 365,000.00 $ (18,045.76) $ 346,954.24 Facilities Maintenance A.1620.0409.0000.0000 Consultant Services $ 217,000.00 $ (47,688.05) $ 169,311.95 1 Engineering A.1440.0490.0000.0000 Consultant Services $ 139,395.87 $ (35,625.28) $ 103,770.59 1 Facilities Maintenance A.1620.0405.0000.0000 Rentals $ 385,200.00 $ 226,808.08 $ 612,008.08 Net Impact On General Fund 0.00 * Or as previously amended

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