title
Commissioner Hovis - Financial and Management Services - Finance - To Appropriate Accumulated Investment Earnings from March 1, 2025, through June 30, 2025 ($2,863.57) and Accumulated Investment Earnings from July 1, 2025, through December 31, 2025 ($4,277.92) in FY26. Total Appropriation $7,141.49
body
STAFF CONTACT
Kyle Sutherland - Finance - 704-866-3130
BUDGET IMPACT
budget
General Fund: Increase Fund Balance Appropriation by $2,863.57. Increase Interest Earnings by $4,277.92. Increase McKinsey Opioid expenses by $7,141.49.
body
BACKGROUND
The McKinsey funds are part of a national opioid settlement from manufacturer Purdue Pharma L.P. but are separate from the MOA for the main Opioid Settlement. Gaston County will use these funds to provide medication assistance, program supplies, education for the community and county staff, and marketing of the support and recovery programs in Gaston County. These are non-County funds. Interest Earnings of $2,863.57 accumulated on the unspent funds from March 1, 2025 through June 30, 2025 and $4,277.92 accumulated on the unspent funds from July 1, 2025, through December 31, 2025. The total accumulated interest earnings to be appropriated is $7,141.49.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)