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From YouTube: Audit & Finance Committee Meeting - August, 31 2023
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A
Street
really
support
your
local
businesses.
On
that
note,
we're
going
to
begin
Mr.
C
A
C
E
A
And
maybe
Marcus
with.
E
B
D
G
D
G
A
D
D
G
That's
right:
this
will
be
Mr
Alderson,
Mr,
Allison.
C
Is
simply
to
request
a
one-year
no-cost
extension
on
a
Federal
grant
that
was
awarded
in
Fall
of
2020.
All
of
the
funds
are
so
awarded
to
external
agencies
within
Albany
County,
including
the
Albany
Police
Department,
and
now
newly
the
city
of
Cohoes,
Police
Department,
as
well
as
the
city
of
Watervliet,
Police
Department.
C
175
thousand
dollars
left
out
of
a
nine
hundred
thousand
dollar
Grant
and
we're
asking
for
a
one-year
extension
to
finish
up
spending
down
the
funds.
The
reason
why
we're
requesting
a
one
year's
extension
is
because
Catholic
Charities
has
been
having
some
staffing
troubles,
so
they
haven't
been
able
to
hire
as
many
case
managers
for
this
initiative
as
they
initially
anticipated.
They're.
D
E
D
G
Chairman,
as
as
the
state
of
this
in
the
city
of
Cohoes,
228,
Remsen
Street,
this
is
being
requested
by
the
city
of
Cohoes
Ida.
As
for
the
disabilization
or
the
property
dispensation
plan,
we
go
to
them
for
a
dollar.
This
is
one
of
the
properties
that
was
part
of
the
represent
Street
fire
a
few
years
ago,
so
they're
looking
to
bundle
them
together
and
try
to
development.
A
F
Chairman
again,
I'd,
like
you
alluded
to
this,
is
part
of
that
Tom
congratulations
initiative.
So
my
colleagues
are
in
favor
of
it.
A
B
So
certainly
Mr
radar
I'd
be
glad
to
support
hose
forged
in
fire
resolution.
F
G
Yeah
46
North
Manning
to
the
Abundant
property.
This
is
a
significantly
distressed
property
with
major
Foundation
issues.
The
requester
has
come
to
us
with
a
viable
plan
to
shore
up
this
building
is
showing
me
as
the
finance
Finance
do
it
and
he
picks
all
the
other
boxes
that
we
need.
As
for
our
dispensation.
A
A
Mr
McLaughlin
usually
handles
that
okay
excellent,
any
questions
for
Mr
Riley
number,
six
known.
A
D
G
A
A
G
So
this
is
also
to
an
abutting
owner.
This
requester
lives
at
69
first,
but
he
also
owns
56
and
61st
Street,
which
he's
currently
utilizing
as
Gardens
and
I
believe
a
little
lawn
space.
The
initial
plan
is
to
incorporate
this
to
build
up
the
gardens,
but
his
longer
term
plan
is
to
build
a
multi-family
unit
on
the
larger
three
you.
A
G
As
stated
yeah,
the
state
65
Myrtle-
this
is
an
additional
budding
owner.
The
requester
is
offered
five
thousand
dollars
for
it.
They
already
maintain
the
sidewalk
cut
the
grass
bi-weekly.
A
And
have
since
the
house
was
demolished
a
few
years
ago,
any
question
Mr
Riley,
seeing
Nano
kept
a
motion
from
Miss
makakis.
Is
there
a
second
for.
E
G
Riley
yeah
Mr
chairman
a
couple
years
ago,
I
believe
exactly.
We
have
adopted
a
fund
balance
policy
that
I
put
forth.
You
and
I
had
actually
been
the
the
negotiators
under
the
lead
negotiators
on
that
policy
to
make
sure
both
branches
of
government
had
the
same
things
so
as
per
State
recommendation,
we're
to
review
and
update
these
policies
every
few
years,
I
believe
it's
page,
three
of
three
of
the
granicus
print
out
under
the
justification
shows
the
line.
G
Item
changes
it's
some
very
slow,
grammatical
stuff
that
clarifies
the
adapted
appropriation
and
the
general
fund
quote.
As
per
the
most
recent
audit
initials
compared
to
the
current
Year's
adopted
budget,
it
adds
the
phrase
capital
in
lieu
of
borrowing
as
another
allowable
expenditure.
In
case
we
don't
want
to
go
on
a
box
for
projects
to
save
money
if
we
have
cash
on
hand
and
additionally
added
the
phrase,
the
payoff
from
any
bonds
that
have
reached
a
Redemption
date.
G
A
A
B
I
mean
I
think
that's
kind
of
important
because
I'd
like
to
know
what
were
what
were
the
magnitude
of
what
we're
talking
about
here
so
I
think
it's
a
pretty
relevant
conversation
to
if.
G
B
G
E
B
Dollar
fund
balance.
A
B
E
B
B
But
we're
obviously
cash
heavy
and
I
I,
just
I
think
the
the
what
if
the
finance
committee
deserves
to
know
where
we
are
in
terms
of
our
cash
position,
I
I.
B
B
B
B
A
A
B
Fine,
but
you
know
please
don't
tell
me
that
there's
no
one
in
this
County
Administration,
who
three
months
from
now,
can
tell
us
how
we're
doing
whether
our
fund
balance
is
going
up
or
down,
because
it
simply
Trends
it's
Trends
based
on
income
and
Trends
based
on
expenditures.
So
please
don't
tell
us
that
you
don't
have
the
data.
You
may
not
have
the
data,
but
someone
in
this
County
can
tell
us
what
our
cash
position
is
or.
F
B
An
estimate
I
mean
it's
one
thing
to
certify:
it
report
it
to
the
state
controller.
That's
one
thing:
it's
another
thing
to
be
able
to
say:
well,
where
are
we
can
we
afford
1.8
million
dollars
for
for
bonuses
or
retention?
I,
don't
know,
I
was
told
tonight
that
big
surpluses
in
our
in
our
fund
balance.
Well,
somebody
if
we're
spending
money
from
a
checkbook,
and
we
don't
know
what
the
balance
is.
F
G
F
G
B
Of
the
point
that
I'm
making
is
you're
you're
making
the
assumption
that,
because
it
says
we're
10
to
15
and
if
we're
in
18
we're
going
to
go
down
to
50.
right
here,
it
says
that
the
target
is
12.5.
So
so
there
are
people
who
can
argue
that
if
you're
at
18,
oh
my
God,
we
get.
We
got
to
spend
down
to
12.5.
So
just.
A
A
Other
issues,
inflation
things
like
that,
it's
better
to
have
a
little
bit
more,
that's
where
the
12
and
a
half
percent
came
from.
It
was
then
agreed
that
once
it
hits
that
12
and
a
half
in
it
and
that's
certified
that
that's
within
the
best
knowledge
with
everything
inflation,
late
expenses,
things
like
that
County
Executive
would
come
to
us
with
that
projection
at
the
end
of
the
year.
It's
above
that
and
say
here
are
some
options
to
either
spend
it
put
more
money
in
it.
A
Pay
off
debt
do
anything
like
that
which
Mark
to
your
point
could
lead
to
a
discussion
about
next
year.
We
might
need
to.
We
could
reduce
the
tax
levy
hypothetically
speaking,
right
yeah,
or
we
could
expend
it
on
this
program,
or
this
we
could
pay
this
Capital
program
off
without
bonding,
therefore,
saving
the
four
percent.
A
All
those
are
options,
and
all
this
is
doing-
is
increasing
those
options
for
the
comptroller's
request,
which
I
think
is
perfectly
valid,
that
if
we
paid
off
early
and
we
save
money,
we
have
that
fine
and
I'm,
also
not
disagreeing
with
Paul.
Just
and
I
think
he
knows
this.
That
I
also
want
that
number,
because,
like
you
guys
I
do
want
to
know
going
into
budget
season.
How
are
we
projecting
out
and.
A
You
I
also
understand
that
that's
the
comptroller's
prerogative,
but
I
think
these
minor
changes
are
giving
us
more
options
for
them
to
present
it
to.
If
we
get
to
that
12
and
a
half,
and
it
may
be
that
the
county,
exec's
office
and
comptroller
say
we
really
should
get
up
to
15,
because
we
think
a
recession
is
going
to
happen
in
a
year
and
we
want
that
or
they
might
say
things
are
looking
real
good.
We
can
now
invest
in
some
Capital
costs,
more
Road
money,
whatever
yeah.
F
I
think
yeah
I
just
want
to
make
sure
that
the
requirement
they're
not
strict
requirements,
they're
targets,
yes
and
I,
don't
because
I
don't
like
too
big
fund
balance
because
they
can
spend
the
money
and
that's
happened.
We
did
that
tonight.
As
a
matter
of
fact,
and
it's
it's
the
taxpayers
money,
it's
not
the
County's
money,
so
I,
don't
like
ordering
money,
but
I
want
to
be
have
a
reasonable
amount
in
there
and
that's
our
I
guess
our
discussion
among
members.
Exactly
thank
you.
Man.
C
G
This
is
specifically
for
the
division
of
finance.
We've
been
running
the
vacancy
rate
this
year
between
I
believe
20
and
24.
So
this
is
to
take
away
a
couple
of
positions,
kind
of
spread
the
money
around.
It
gives
more
standardization
to
the
finance
clerks
with
the
events
hearing
system
so
that
they
can
start
at
a
lower
level
work
their
way
up
to
the
next
year.
You
know
a
few
more
years
work
their
way
the
following
year.
G
They
show
career
progression,
we're
trying
to
hit
all
the
all
the
things
that
everybody
says
in
Street
retention
and.
A
To
confirm
Mr,
Riley
and
I
do
this
with
every
department,
so
I'm
going
to
do
it.
Yours
just
as
much
neutral,
not
only
for
this
year,
but
moving
forward
since
you're.
Eliminating
the
positions
to
pay
for
the
increase
is
that
correct.