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File #: 23-408   
Type: Resolution (Consent) Status: Passed
File created: 8/9/2023 In control: Financial and Management Services - Finance
On agenda: 8/22/2023 Final action: 8/22/2023
Enactment date: 8/22/2023 Enactment #: 2023-285
Title: Commissioner Worley - Finance - To Appropriate Additional Revenue for the Fines and Forfeitures Fund ($6,000) and the Insurance Service Fund ($500,000) for FY2023
Sponsors: Ronnie Worley
Attachments: 1. Adopted 2023-285, 2. BCR

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Commissioner Worley - Finance - To Appropriate Additional Revenue for the Fines and Forfeitures Fund ($6,000) and the Insurance Service Fund ($500,000) for FY2023

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STAFF CONTACT

Tiffany Murray - Finance - 704-866-3032

BUDGET IMPACT
budget

To budget additional revenue received over and above the FY2023 budget. 

                     Funds received in fund 2050 are remitted to Gaston County Schools.

o                     Increase revenue and expense by $6,000.

 

                     Funds received in fund 8000 covered health, dental and life insurance expenditures for active and retired employees.

o                     Increase revenue and expense by $500,000.

 

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BUDGET ORDINANCE IMPACT

Minimal impact to the ordinance.

BACKGROUND

In FY2023 the County received higher than expected fees for fines and forfeitures which resulted in higher payments to the Gaston County Schools to whom we are required to pay the fees. This Board Action appropriates the additional $6,000 in revenues to cover the budget shortfall. Similarly, revenues in the Internal Service Funds are higher than expected. This Board Action appropriates the additional $500,000 to cover the budget shortfall.

 

POLICY IMPACT

N/A

ATTACHMENTS

Budget Change Request (BCR)