[Adopted 5-13-1992 by L.L. No. 11-1992; amended in its entirety 1-28-2010 by L.L. No. 2-2010]
All line item transfers out of subcontingency accounts budgeted
for maintenance, repair and minor renovations shall be subject to
the following limitations:
A. Transfers
not in excess of $1,000 shall be reviewed by the Commissioner of Finance
and may be authorized by the County Auditor.
B. Transfers
between $1,000.01 and $10,000 shall be reviewed by the Commissioner
of Finance and may be authorized by the Chair of the Physical Services
Committee or his/her designee.
C. Transfers
between $10,000.01 and $25,000 shall be reviewed by the Commissioner
of Finance and may be approved by a majority of the members of the
Physical Services Committee authorizing the Physical Services Committee
Chair or his/her designee to sign.
D. Transfers
over $25,000 shall be reviewed by the Commissioner of Finance and
may be authorized by a majority of the Physical Services Committee
and approved by a majority of the County Legislature.
E. Grant
applications and renewals not requiring any County matching funds.
Upon any grant applications and subsequent renewals thereof not requiring
any County matching funds the applicant shall notify the Putnam County
Legislature of the submission of the grant at the time of application.
In the event the Legislature objects to such grant application, the
applicant shall withdraw it forthwith.
[Added 9-2-2014 by L.L.
No. 11-2014]
F. The
County Auditor shall report all fund transfers made out of said subcontingency
accounts for maintenance, repair or minor renovations in the current
fiscal year, and a copy of such report shall be forwarded to the Physical
Services Committee on a monthly basis.