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Commissioner Worley - Finance - To Appropriate Accumulated Investment Earnings from February 1, 2023, through April 30, 2023 ($61,514.80)
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STAFF CONTACT
Tiffany Murray - Finance - 704-866-3032
BUDGET IMPACT
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Appropriate accumulated investment earnings from February 1, 2023, through April 30, 2023.
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BUDGET ORDINANCE IMPACT
Increase interest revenue by $61,514.80 and appropriate into respective funds as indicated on the attached Budget Change Request.
BACKGROUND
Gaston County issued GO School Bonds on 5/24/16 and 11/15/18. The County has also received federal drug forfeitures, controlled substance abuse tax funds, ROAP funds, NC OSBM funds, Human Trafficking funds and Urgent Repair Program funds. All of these funds have earned interest which must be spent in the same manner as the proceeds. This Board Action appropriates the $61,514.80 investment earnings on these funds from February 1, 2023, through April 30, 2023.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)