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Commissioner Worley - Library - To Appropriate State Aid to Libraries Grant and Approve Carry Forward of Remaining Funds to FY 2020 (Grant Funds - $226,950)
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STAFF CONTACT
Sandy Hunnicutt - Library - 704-868-2164 Ext 5520
BUDGET IMPACT
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Appropriate state grant revenues. Reduces original grant revenue budget to actual award amount. Requires the appropriation of $235,000 from fund balance.
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BUDGET ORDINANCE IMPACT
Decrease revenue by $8,050 and appropriate $226,950 into State Aid grant expenditure project.
BACKGROUND
The Gaston County Library was awarded $226,950 in State Aid to Public Libraries funding from the NC Department of Cultural Resources for FY 2019. These state funds cannot be used to replace or supplant county funding. In the FY 2019 adopted budget only revenues were budgeted for the grant. The expenditures were omitted due to an oversight. Also the actual grant award is $8,050 less than the estimate included in the FY 2019 budget. This Board Action and attached Budget Change Request appropriates the FY 2019 State Aid award of $226,950 into an expenditure project and reduces the revenue budget to the actual grant award. This appropriation and correction requires $235,000 to be appropriated out of fund balance. Any unspent funds remaining at June 30, 2019 is requested to be carried forward to FY 2020.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request