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Commissioner Keigher - Finance - To Transfer FY16 Grant Reimbursement from the General Fund to the Solid Waste Enterprise Fund ($170,988)
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STAFF CONTACT
Tonya Frye - Finance - 704-866-3032
BUDGET IMPACT
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Transfers $170,988 from the General fund to the Solid Waste Enterprise Fund
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BUDGET ORDINANCE IMPACT
There is minimal impact to the current budget ordinance.
BACKGROUND
In FY2016, Gaston County received a wire transfer from Mecklenburg County in the amount of $170,987.75 that was not identified until after the audit was completed. The funds were posted in the General Fund Miscellaneous Revenue account.
The $170,987.75 was a reimbursement for an EPA grant awarded to the Solid Waste Enterprise Fund. The funds are currently in the fund balance of the General Fund and need to be transferred to the Solid Waste Enterprise Fund. This Board Action and the attached Budget Change Request appropriates $170,988 out of the General Fund and transfers it to the Solid Waste Fund.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request