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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 New Hope Fire Department ($14,352)
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STAFF CONTACT
Eric Hendrix - Fire Marshal - 704-866-3231
BUDGET IMPACT
budget
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 New Hope Fire Department
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 New Hope Fire Department. Chief Matt Young presented a spending plan (quote attached) and New Hope’s request to the Fire Advisory Board on March 21, 2018, for approval to ask the Commissioners to release $14,352 of their reserve funds to them. New Hope will use the reserve funds to purchase a commercial washer and dryer for use in cleaning their protective clothing. They have been denied grants that they have applied for to cover this purchase. Ted Hendrix made a motion to recommend to the Commissioners that they release $14,352 reserve funds to New Hope. Barry Joye 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; New Hope Fire Dept.’s - Reserve Funds Request