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Commissioner Worley - Finance - To Transfer All FY23 Budgeted Capital Items from the General Fund and the Tourism Fund to the General Government Capital Fund Totaling $855,246.00
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STAFF CONTACT
Brandy Decker - Finance - 704-866-3338
BUDGET IMPACT
budget
Transfer $807,818.00 from the General Fund and $47,428.00 from the Tourism Fund to the Community Investment Fund. The total $855,246.00 will then be transferred to the General Government Capital Fund.
Transfer funds within Fund 1000 from capital accounts to operating accounts. Net impact is zero for these changes
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BUDGET ORDINANCE IMPACT
N/A
BACKGROUND
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)