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Commissioner Hovis - Financial and Management Services - Finance - To Appropriate Fund Balance in the Community Investment Fund and Transfer the Funds Into the General Government Capital Fund for a Replacement Vehicle for ACCESS ($40,000)
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STAFF CONTACT
Kyle Sutherland - Finance - 704-866-3130
BUDGET IMPACT
budget
Community Investment Fund: Increase Fund Balance Appropriated by $40,000 and increase Transfers Out by $40,000.
General Government Capital Fund: Increase Transfers In and Increase Motor Vehicles Expense by $40,000.
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BACKGROUND
During FY25, the County received a $53,355.81 insurance settlement check for a totaled vehicle. This Board Action appropriates a portion of that settlement check ($40,000) and transfers the $40,000 to the General Government Capital Fund for the purchase of an NCDOT approved replacement vehicle for ACCESS.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)