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Commissioner Keigher - Finance - Appropriation of Accumulated Investment Earnings from December 1, 2020 through March 31, 2021 ($810.33)
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STAFF CONTACT
Tiffany Murray - Finance Director - 704-866-3032
BUDGET IMPACT
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Appropriate accumulated investment earnings from December 1, 2020 through March 31, 2021.
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BUDGET ORDINANCE IMPACT
Increase interest revenue by $810.33 and appropriate into respective funds as indicated on the attached Budget Change Request.
BACKGROUND
Gaston County issued GO School Bonds on 10/1/06, 5/24/16, and 11/15/18, Build America School Bonds on 8/18/09 and GO Bonds on 8/14/07 for Gaston College. Also, the County has received federal drug forfeitures, controlled substance abuse tax funds, and Urgent Repair Program funds. All of these funds have earned interest which must be spent in the same manner as the proceeds. This Board Action appropriates the $810.33 investment earnings on these funds from December 1, 2020 through March 31, 2021.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)