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Commissioner Grant - Fire Marshal - To Approve the Transfer of Accumulated Funds Realized from Past Tax Collections, Revaluation, Interest Earned, Etc. to New Hope Fire Department ($16,706)
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STAFF CONTACT
Eric Hendrix - Fire Marshal - 704-866-3231
BUDGET IMPACT
budget
These transfers are keeping within current policy to transfer accumulated funds
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BUDGET ORDINANCE IMPACT
Transferring accumulated funds from Fund Balance Appropriated Account to New Hope Fire Department Subsidies Account
BACKGROUND
On occasion funds accumulate in fire district taxing accounts through the realization of past taxes being collected, property revaluation between budgets and account interest earned. This action will transfer such accumulated funds to New Hope Fire Department. Chief Matt Young presented a spending plan (see attached) and New Hope’s request for approval to ask the Commissioners to release $16,706 of their reserve funds to them. New Hope will use the reserve funds to replace two aging cameras by purchasing two new Scott #8003046 X-Series Cameras. Barry Wilson made a motion to recommend to the Commissioners that they release $16,706 reserve funds to New Hope. Brian Weyeneth seconded the motion. There was no further discussion or opposition. The vote was unanimous. The motion carried.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request and New Hope Fire Dept. Spending Plan