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Commissioner Hovis - Financial and Management Services - Finance - To Appropriate Reconciled Accumulated Investment Earnings from July 1, 2024, through June 30, 2025 ($68,711.21) in FY26. To Appropriate Accumulated Investment Earnings from July 1, 2025, through September 30, 2025 ($61,074.52) in FY26. Total Appropriation is $129,785.73
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STAFF CONTACT
Kyle Sutherland - Finance - 704-866-3130
BUDGET IMPACT
budget
Appropriation of $68,711.21 for FY25 reconciled accumulated investment earnings from July 1, 2024, through June 30, 2025. Appropriation of $61,074.52 for FY26 accumulated investment earnings from July 1, 2025, through September 30, 2025. Total Appropriation of $129,785.73.
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BACKGROUND
The County has received federal drug forfeitures, controlled substance abuse tax funds, ROAP funds, and NC OSBM funds. All funds have earned interest which must be spent in the same manner as the proceeds. This Board Action appropriates $68,711.21 in investment earnings on the funds from July 1, 2024, through June 30, 2025, and $61,074.52 in investment earnings on the funds from July 1, 2025, through September 30, 2025. The total appropriation is $129,785.73.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)