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Commissioner Chad Brown - Fire Marshal - To Approve the Transfer of Accumulated Funds Realized from Past Tax Collections, Revaluation, Interest Earned, Etc. to New Hope Fire Department ($14,035)
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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 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. David Brumbaugh was in attendance at the Gaston County Fire Advisory Board on 3/20/19 to answer questions regarding New Hope’s request for approval to ask the Commissioners to release $14,035 of their reserve funds to them. Chief Matt Young had previously submitted a spending plan (attached) that detailed needs as forcible entry prop door and equipment for their newly purchased rescue engine that will be delivered in May, 2019. Discussion followed. Barry Wilson made a motion to recommend to the Commissioners that they release $14,035 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 and Request for Reserve Funds - New Hope Fire Department