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Commissioner Brown – To Approve the Transfer of Accumulated Funds Realized from Past Tax Collections, Revaluation, Interest Earned, Etc. to South Point Fire Department ($329,250)
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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 South Point 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 South Point Fire Department, so that they may make operational and facility upgrades/maintenance, purchase equipment, pay off a loan, repair pavement and install gutter/drain systems in parking areas. At the Nov. 30, 2015 Fire Advisory Board Meeting, Chief Barry Joye presented a spending plan and South Point’s request for approval to ask the Commissioners to release $ 329,250 of their reserve funds to them. Unfortunately, SPVFD was unsuccessful in an attempt to obtain grant funding for a couple of these items. The spending plan detailed needs for operational and facility upgrade/maintenance, including purchasing 15 SCBA packs and cascade system upgrade, purchasing 20 sets of turnout gear, paying off Engine 420 and repairing pavement in front and rear of the building, and installing gutter/drain system in front parking lot. Mark Rudisill made a motion to recommend to the Commissioners that they release $329,250 reserve funds to South Point. Jeff Hovis seconded the motion. There was no further discussion or opposition. The motion carried.
POLICY IMPACT
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