2024-55 Resolution of the Council, re: FY2024 Refuse and Recycling budget adjustments prepared as of June 30, 2024. September 16, 2024

RESOLUTION

OF THE

COUNCIL
2024-55
No: ...

RESOLVED:

For the purpose of meeting funding requirements of specific Refuse and Recycle Fund accounts in the FY2024 Approved Budget, the Refuse and Recycle Fund as presented in Attachments D – June 30, 2024 are hereby approved.

This resolution shall take effect upon its passage.

SEPTEMBER 16, 2024
READ AND PASSED IN COUNCIL

Wendy W. Marshall
Wendy J. W. Marshall, MMC
Town Clerk

ATTACHMENT D - June 30, 2024

In accordance with Town Charter and Town Ordinance, adjustments to the FY 2024 budget ordinance are approved as follows:

Budget Adjustment

Refuse & Recycle Expenses -
Refuse / Recycling Operations increase by 18,855

Refuse & Recycle Revenues -
Budgeted Use of Fund Balance increase by 18,855

Parks & Recreation Fund Expenditures
Dr Cr Dr Cr Net Budget Adjustments

$18,855 $0 $0 $18,855

$18,855 ($18,855) $0

TOWN OF MIDDLETOWN
FY2024 BUDGET ADJUSTMENT WORKSHEET - REFUSE & RECYCLE FUND
As of June 30, 2024

ATTACHMENT D

Account Description Approved Budget Current Budget Adjustment To Budget Amended Budget Explanation

1 Revenue -Budgeted Use of Fund Balance ($79,809) ($79,809) ($10,113) ($89,922) Fund Balance to fund overage due to fund ending in a deficit

2 Revenue -Budgeted Use of Fund Balance ($79,809) ($89,922) (8,742) ($98,664) Fund Balance to fund overage due to fund ending in a deficit
S/Total Budget Adjustments From ($18,855)

1 Expense - Refuse / Recycling Operations - Compost Disposal $173,908 $173,908 10,113 $184,021 Contractual increases and increased fees from RI Nurseries

2 Expense - Refuse / Recycling Operations - Recycling Services $386,364 $386,364 8,742 $395,106 Contractual increase
S/Total Budget Adjustments To 18,855

Total $0

Budget Summary as of June 30, 2024
Refuse & Recycle 2024 Budget $1,322,664 $1,322,664 $18,855 $1,341,519 Total Refuse & Recycle Fund 2024 Budget