East Clinton Fire Department

 

Residents of ECFD!!
 
 
ECFD Open House Video explaining the resolutions: ECFD Open House Video
 
 
Please Vote December 10th between 4-9 pm at the East Clinton Fire House
 
                                                                      Read:   ECFD Letter to Residents
 

EAST CLINTON FIRE DISTRICT

Town of Clinton

Dutchess County, New York

 

Resolution Establishing an Equipment Reserve Fund For the East Clinton Fire District

 

October 16, 2019

 

            At a regular meeting of the Board of Fire Commissioners of the East Clinton Fire District (hereinafter the “Board”), Town of Clinton, Dutchess County, New York, held at 9 Firehouse Lane, Clinton Corners, New York, on October 16, 2019, at 7:30 o'clock P.M.

 

            The meeting was called to order by Stephen N. Forschler, Chairman, and upon the roll being called, the following were present:

 

                        Stephen N. Forschler, Chairman

                        Arthur Weiland

                        Michael DiGiacomio

                        Robert Trzcinski

                        Byron Calame

 

            The following resolution was moved and seconded, to-wit:

                                                           

WHEREAS; the Board of Fire Commissioners of the East Clinton Fire District has determined that it is prudent financial management to accumulate cash for future expenditures, to plan ahead and systematically save moneys for future equipment, apparatus and machinery acquisitions; and

 

WHEREAS; the Board of Fire Commissioners of the East Clinton Fire District has determined that such prudent financial management can reduce or eliminate interest on borrowed funds and other costs associated with debt issuance and reduce the risk of sharp increases in the annual budget; and

 

WHEREAS; the Board of Fire Commissioners of the East Clinton Fire District has the ability to exercise such prudent financial management by establishing capital reserve funds pursuant to New York State General Municipal Law; and

 

WHEREAS; the Board of Fire Commissioners of the East Clinton Fire District has determined that it is in the best interests of the East Clinton Fire District to establish an Equipment Reserve Fund for the future capital purchases of equipment, apparatus and machinery needed for the East Clinton Fire District.

 

NOW, THEREFORE, IT IS HEREBY RESOLVED, that pursuant to Section 6-g of the General Municipal Law, as amended, there is hereby established a capital reserve fund to be known as the “East Clinton Fire District Equipment Reserve Fund” (herein after “Equipment Reserve Fund”). The purpose of this Equipment Reserve Fund is to accumulate moneys to purchase types of equipment, to wit, equipment, apparatus and machinery needed for the East Clinton Fire District; and

 

IT IS HEREBY FURTHER RESOLVED that the chief fiscal officer of the East Clinton Fire District is hereby directed to deposit and secure the moneys of this Equipment Reserve Fund in the manner provided by Section 10 of the General Municipal Law.  The Board of Fire Commissioners of the East Clinton Fire District may invest the moneys in the Equipment Reserve Fund in the manner provided by Section 11 of the General Municipal Law, and consistent with the investment policy of the East Clinton Fire District. Any interest earned or capital gains realized on the moneys so deposited or invested shall accrue to and become part of the Equipment Reserve Fund. The chief fiscal officer shall account for the Equipment Reserve Fund in a manner which maintains the separate identity of the Equipment Reserve Fund and shows the date and amount of each sum paid into the Equipment Reserve Fund, interest earned by the Equipment Reserve Fund, capital gains or losses resulting from the sale of investments of the Equipment Reserve Fund, the amount and date of each withdrawal from the Equipment Reserve Fund and the total assets of the Equipment Reserve Fund, showing cash balance and a schedule of investments, if any, and shall, at the end of each fiscal year, render to the East Clinton Fire District Board of Fire Commissioners a detailed report of the operation and condition of the Equipment Reserve Fund; and

 

IT IS HEREBY FURTHER RESOLVED, that except as otherwise provided by law, expenditures from the Equipment Reserve Fund shall be made only for the purposes for which the Equipment Reserve Fund is established.  No expenditure shall be made from the Equipment Reserve Fund without the approval of the East Clinton Fire District Board of Fire Commissioners and such additional actions or proceedings as may be required by Section 6-g  of the General Municipal Law or any other law, including a permissive referendum if required by subdivision 7 of Section 6-g of the General Municipal Law; and.

 

IT IS HEREBY FURTHER RESOLVED that this resolution is adopted subject to the approval of the eligible voters residing within the East Clinton Fire District at the regular election to be held on December 10, 2019, and the Fire District Secretary is hereby authorized and directed to prepare ballots in substantially the following form:

 

“SHALL THE RESOLUTION, ADOPTED BY THE EAST CLINTON FIRE DISTRICT BOARD OF FIRE COMMISSIONERS ON OCTOBER 16, 2019, CREATING A TYPE OF CAPITAL RESERVE FUND TITLED AS “EAST CLINTON FIRE DISTRICT EQUIPMENT RESERVE FUND”, TO BE USED FOR THE FUTURE CAPITAL PURCHASES OF EQUIPMENT, APPARATUS AND MACHINERY NEEDED FOR THE EAST CLINTON FIRE DISTRICT”

 

BE ADOPTED?

 

 

 

            The question of the adoption of the foregoing resolution was duly put to a vote on roll call, which resulted as follows:

 

Stephen N. Forschler, Chairman            Aye /Nay/Abstain

Arthur Weiland                                       Aye /Nay/Abstain

Michael DiGiacomio                             Aye /Nay/Abstain 

Robert Trzcinski                                      Aye /Nay/Abstain  

Byron Calame                                         Aye /Nay/Abstain  

 

The resolution was thereupon declared duly adopted.

Dated: October 16, 2019

            Clinton Corners, New York

                                                                        East Clinton Fire District

                                                                        Board of Fire Commissioners

                                                                        Karen Buechele, Secretary