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Commissioner Keigher - Public Works - To Approve the Transfer of $86,512 from the General Fund to the General Government Capital Fund, via the Community Investment Fund (CIF) for the Purchase of Overhead Doors for the Fleet Services Facility
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STAFF CONTACT
Daniel K. Ziehm, PE - Public Works - 704-862-6795
BUDGET IMPACT
budget
General Fund: Decrease expenditures and increase Transfers out to CIF by $86,512.
Community Investment Fund: Increase Transfers in from General Fund and increase Transfers out to General Government Capital Fund by $86,512.
General Government Capital Fund: Increase Transfers in from CIF and increase expenditures by $86,512.
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BACKGROUND
The Fleet Services facility needed to replace existing overhead doors. Purchase and installation of overhead doors for the facility costs over the $5,000 capital threshold and therefore were purchased from the General Government Capital Fund. This Board Action will transfer funds previously budgeted as operating funds to reimburse the General Government Capital Fund.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)