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Commissioner Hovis - Financial and Management Services - Finance - To Appropriate Accumulated Investment Earnings from June 1, 2026, through June 30, 2026 ($16,187.78) in FY27
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STAFF CONTACT
Kyle Sutherland - Finance - 704-866-3130
BUDGET IMPACT
budget
General Fund: Increase fund balance appropriation by $257.59. Increase expense by $257.59.
Federal Drug Forfeitures Fund: Increase fund balance appropriation by $1,994.34. Increase expense by $1,994.34.
Controlled Substance Abuse Tax Fund: Increase fund balance appropriation by $1,295.76. Increase expense by $1,295.76.
General Government Capital Fund: Increase fund balance appropriation by $12,640.09. Increase expense by $12,640.09.
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BACKGROUND
The County has received federal drug forfeitures, controlled substance abuse tax funds, ROAP funds, and NC OSBM funds. All funds have earned interest which must be spent in the same manner as the proceeds. This Board Action appropriates $16,187.78 in investment earnings on the funds from June 1, 2026, through June 30, 2026.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)