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Commissioner Hovis - Financial and Management Services - Finance - To Transfer Hudson Health Renovation Funds from the General Fund to the General Government Capital Fund via the Community Investment Fund ($1,025,000.00)
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STAFF CONTACT
Kyle Sutherland - Finance - 704-866-3130
BUDGET IMPACT
budget
General Fund: Decrease expenditures by $1,025,000.00 and increase transfers out by $1,025,000.00
Community Investment Fund: Increase transfers in and increase transfers out by $1,025,000.00
Capital Improvement Fund: Increase transfers in by $1,025,000.00 and increase expenses by 1,025,000.00
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BACKGROUND
In FY2021 the Original Budget included $1,025,000.00 for replacement of the roof at Hudson Health. This project was never completed. In FY2023, the Hudson Health Renovation project was established. This Board Action transfers the funds previously budgeted for the roof replacement from the General Fund to the Capital Improvement Fund, via the Community Investment Fund.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)