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Commissioner Keigher - County Manager - To Transfer $3,209,843.77 from Gaston County Schools’ Capital Allocation Balance to the General Fund for One-Time Additional Operating Allocation
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STAFF CONTACT
Justin Amos - County Manager’s Office - 704-866-3116
BUDGET IMPACT
budget
Education Capital Fund: Decrease capital expenditures by $3,209,843.77. Increase transfers out by $3,209,843.77.
Community Investment Fund: Increase transfers in by $3,209,843.77. Increase transfers out by $3,209,843.77.
General Fund: Increase transfers in by $3,209,843.77. Increase GCS operating allocation by $3,209,843.77.
No additional County funds.
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BACKGROUND
Gaston County Schools has requested additional funds for operating expenditures. The County is transferring $3.2 million from the balance in their capital allocation account to the General Fund for operating expenditures.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)