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Commissioner Hovis - Financial and Management Services - Finance - To Appropriate Accumulated Investment Earnings from April 1, 2025, through May 31, 2025 ($8,709.70)
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STAFF CONTACT
Kyle Sutherland - Finance - 704-866-3130
BUDGET IMPACT
budget
Appropriation of $8,709.70 for FY25 accumulated investment earnings from April 1, 2025, through May 31, 2025.
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BACKGROUND
The County has received federal drug forfeitures, controlled substance abuse tax funds, ROAP funds, and NC OSBM funds. The Board Action also includes interest earned on the 2016 & 2018 School GO Bonds. All funds have earned interest which must be spent in the same manner as the proceeds. This Board Action appropriates $8,709.70 in investment earnings on the funds from April 1, 2025, through May 31, 2025.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)