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Commissioner Brown - DHHS (Health Division) - To Transfer Medicaid Cost Settlement Budget for Capital Items from the General Fund to the General Government Capital Fund Totaling $200,000
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STAFF CONTACT
Emily Gates - Assistant Business Services Administrator - 704-853-5198
BUDGET IMPACT
budget
Transfer $200,000 from the General Fund to the Community Investment Fund. The total $200,000 will then be transferred to the General Government Capital Fund.
Transfer operating funds within Fund 1000 to capital accounts in General Government Capital Fund.
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
The $200,000 is Medicaid Cost Settlement funded expenses for furniture/equipment for DHHS Public Health. As part of the Chart of Accounts (COA) redesign project, the County established a multi-year General Government Capital Fund. All capitalizable items (>$5,000) will be moved into the General Government Capital Fund. This is consistent with audit reporting and aligns with the purpose of the Community Investment Fund. No additional appropriation of funds is necessary.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)