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Commissioner Hovis - Information Technology - To Approve the Transfer of $152,117 from General Fund to the General Government Capital Fund, via the Community Investment Fund (CIF) (No Additional County Funds)
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STAFF CONTACT
Will Henry - Information Technology - 704-866-3108
BUDGET IMPACT
budget
Transfer $152,117 from General Fund to the General Government Capital Fund, via the Community Investment Fund.
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BUDGET ORDINANCE IMPACT
Decrease General Fund Budget by $152,117 and increase the General Government Capital Fund by $$152,117.
BACKGROUND
Transferring operational funds to a capital account due to changes in accounting rules. The existing funds are in an account that we are no longer able to use per the Finance Department. The funds will be used for their original intended purpose which was for the replacement of fiber optic networks between the County Datacenters.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)