2024-16
Middletown
Resolution
RESOLUTION
OF THE
COUNCIL
2024-16
No: ...
RESOLVED:
For the purpose of meeting funding requirements of specific General Fund accounts in the FY2024 Approved Budget, the General Fund as presented in Attachments A – December 31, 2023 are hereby approved.
This resolution shall take effect upon its passage.
MARCH 4, 2024
READ AND PASSED IN COUNCIL
Wendy J. W. Marshall, MMC
Town Clerk
ATTACHMENT A
FY2024 BUDGET ADJUSTMENT WORKSHEET - GENERAL FUND
As of December 31, 2023
Account Description
Approved Budget Current Budget Adjustment To Budget Amended Budget Explanation
1 Revenue - Earnings On Investments ($150,500) ($150,500) ($40,798) ($191,298) Increase to fund Generator for Town Hall Increase to fund the purchase of weapons for police department
2 Revenue - Appropriation from Rescue Wagon SRF ($1,164,568) ($1,164,568) (26,200) ($1,190,788) Increase to fund radios for fire department as part of town match for a grant
3 Revenue - Appropriation from Rescue Wagon SRF ($1,164,568) ($1,190,768) (69,344) ($1,260,112) Increase to fund Red Road Paving Project Change Orders
4 Revenue - Appropriation from CIP SRF ($1,954,273) ($1,954,273) (83,670) ($2,037,943) Increase to fund Lower Aquidneck Streetscape Desi services and installation of water services for new MiddleHigh School
5 Revenue - Appropriation from CIP SRF ($1,954,273) ($2,037,943) (112,875) ($2,150,818) Increase to fund Lower Aquidneck Streetscape Desi services and installation of water services for new MiddleHigh School
6 Revenue - Appropriation from CIP SRF ($1,954,273) ($2,150,818) (27,667) ($2,178,485) Increase to fund two DPW trucks ordered in a prior year but received in FY24
7 Revenue - Appropriation from CIP SRF ($1,9
TOWN OF MIDDLETOWN
FY2024 BUDGET ADJUSTMENT WORKSHEET - GENERAL FUND
As of December 31, 2023
ATTACHMENT A
Account Description
1 Expense - Grants - Fire - Equipment - Capital Improvement
1 Expense - Non Specific - Severance
0 Expense - Non Specific - Transfer Out - School Department
0 Expense - Non Specific - OPEB - Annual Required Contribution
1 Expense - IT- Software License Fees
1 Expense - Library - Software License Fees
Expense - Town Clerk - Small Equipment Purchased - Furniture and Fixtures
3 Expense - Senior Center - Other Charges
Approved Budget $29,151 $29,151 $29,151 $29,151
Current Budget $29,151 $29,151 $29,151 Adjustment To Budget $383,810 $383,810 Adjustment To Budget $20,482 $20,482 Budget $20,482 $20,482 Explanation Assistance to Firefighters Grant-Radios Severance of staff Increased based on approved resolutions by the council for the FY24 increase of Collective Bargainin Agreements Decreased based on approved resolutions by the council for the FY24 increase of Collective Bargainin Agreements Decreased based on approved resolutions by the council for the FY24 increase of Collective Bargainin Agreements Decreased based on approved resolutions by the council for the FY24 increase of Collective Bargainin Agreements Decreased based on approved resolutions by the council for the FY24 increase of Collective Bargainin Agreements Decreased based on approved resolutions by the council for the FY24 increase of Collective Bargainin Agreements Decreased based on approved resolutions by the council for the FY24 increase of Collective Bargainin Agreements Decreased based on approved resolutions by the council for the FY24 increase of Collective Bargainin
TOWN OF MIDDLETOWN
TOWN OF MIDDLETOWN GENERAL FUND BUDGET ADJUSTMENTS
ATTACHMENT A - December 31, 2023
In accordance with Town Charter and Town Ordinance, adjustments to the FY 2024 budget ordinance are approved as follows:
General Fund expenditures -
Town Clerk increase by 7,556
Information Technology decrease by 1,626
Police increase by 26,200
Fire increase by 69,344
Public Works increase by 83,670
Library increase by 1,626
Senior Center increase by 6,095
Non-Department Specific decrease by 476,299
Education increase by 496,781
General Fund Capital Improvements -
Capital Improvements-Fire increase by 383,810
Capital Improvements-Public Works increase by 347,377
Capital Improvements-Support Services increase by 40,798
General Fund revenues -
Fund Transfers In increase by 547,073
Fines & Other Fees increase by 7,556
Investment Income increase by 40,798
Restricted Grants-in-Aid Federal Govt. increase by 383,810
Restricted Grants-in-Aid State Govt. increase by 6,095
General Fund Expenditures General Fund Revenues Net Budget Adjustments
Dr Cr Dr Cr
$1,463,257 $477,925 $0 $985,332
$985,332 ($985,332) $0