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Commissioner Chad Brown - Fire Marshal - To Approve the Transfer of Accumulated Funds Realized from Past Tax Collections, Revaluation, Interest Earned, Etc. to South Point Volunteer Fire Department, Inc. ($100,000)
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STAFF CONTACT
Eric Hendrix - Fire Marshal - 704-866-3231
BUDGET IMPACT
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These transfers are keeping within current policy to transfer accumulated funds.
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BUDGET ORDINANCE IMPACT
Transferring accumulated funds from Fund Balance Appropriated Account to South Point Volunteer Fire Department, Inc.
BACKGROUND
On occasion funds accumulate in fire district taxing accounts through the realization of past taxes being collected, property revaluation between budgets and account interest earned. This action will transfer such accumulated funds to South Point Volunteer Fire Department, Inc. At the Fire Advisory Board meeting on Sept. 18, 2019, Chief Barry Joye submitted a request for South Point Volunteer Fire Department, Inc., asking for approval to ask the Commissioners to release $100,000 of their reserve funds to them. South Point will use the reserve funds to build a training facility on the property of their current station. They have a need for this facility to be able to train locally and they are offering the use of it to other departments. David Toomey made a motion to recommend to the Commissioners that they release $100,000 reserve funds to South Point Volunteer Fire Department, Inc Matt Kanupp seconded the motion. There was no further discussion or opposition. The vote was unanimous. The motion carried.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request and Request for Reserve Funds - South Point VFD, Inc.