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WITHDRAWN/Commissioner Hovis - Information Technology - To Approve the Transfer of $63,123 from the General Fund to the General Government Capital Fund via the Community Investment Fund
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STAFF CONTACT
Ricky Johnson - Information Technology - 704-866-3117
BUDGET IMPACT
budget
General Fund: Decrease expenditures by $63,123. Increase transfers out by $63,123.
CIF: Increase transfers in by $63,123. Increase transfers out by $63,123.
Capital Fund: Increase capital expenditures by $63,123. Increase transfers in by $63,123.
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BACKGROUND
Transferring operational funds to a capital account due to changes in accounting rules. The funds will be used for their original intended purpose which was for the installation of fiber optic networks. Changes in accounting rules require this to fall under capital expenses.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)