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Commissioner Grant - Fire Marshal - To Approve the Transfer of Accumulated Funds Realized from Past Tax Collections, Revaluation, Interest Earned, Etc. to Community Volunteer Fire Department ($15,000)
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STAFF CONTACT
Eric Hendrix - Fire Marshal - 704-866-3231
BUDGET IMPACT
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These transfers are keeping within current policy to transfer accumulated funds
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BUDGET ORDINANCE IMPACT
Transferring accumulated funds from Fund Balance Appropriated Account to Community Volunteer Fire Department Subsidies Account
BACKGROUND
On occasion funds accumulate in fire district taxing accounts through the realization of past taxes being collected, property revaluation between budgets and account interest earned. This action will transfer such accumulated funds to Community Volunteer Fire Department. Chief Robert Jackson had previously submitted, by e-mail, a spending plan (attached) and Community‘s request for approval to ask the Commissioners to release $15,000 of their reserve funds to them. Community will use the reserve funds toward the purchase of replacing outdated equipment (10 sets of firefighter protective gear) and adding new technology (5 Motorola Mintor 6 Pagers and 3 Ipads). Total cost of these items is $29,905. The cost of these items will be funded by OSFM Grant and requested reserve funds ($15,000). Jeff Hovis made a motion to recommend to the Commissioners that they release the requested reserve funds to Community. Barry Wilson seconded the motion. There was no further discussion or opposition. The vote was unanimous. The motion carried.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request and Community Volunteer Fire Department’s Spending Plan for Reserve Fund