File #: 20-294   
Type: Resolution (Consent) Status: Passed
File created: 6/22/2020 In control: Budget & Strategy
On agenda: 6/23/2020 Final action: 6/23/2020
Enactment date: 6/23/2020 Enactment #: 2020-168
Title: ADDED/ Commissioner Philbeck - Budget/Purchasing - To Appropriate and Transfer $2.6M in General Fund Fund Balance to the Capital Fund ($2M) and the Health Fund ($600k)
Sponsors: Tracy L. Philbeck
Attachments: 1. Adopted 2020-288, 2. Adopted 2020-168, 3. BCR
Related files: 20-496

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ADDED/ Commissioner Philbeck - Budget/Purchasing - To Appropriate and Transfer $2.6M in General Fund Fund Balance to the Capital Fund ($2M) and the Health Fund ($600k)

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STAFF CONTACT

Janet Schafer - Budget & Management Services - 704-866-3029

BUDGET IMPACT
budget

Appropriate an additional $2.6M in General Fund fund balance. Increase transfer to the Capital Fund by $2M. Increase transfer to the Health Fund by $600k.

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BUDGET ORDINANCE IMPACT

Appropriate an additional $2.6M in General Fund fund balance. Increase transfer to the Capital Fund by $2M. Increase transfer to the Health Fund by $600k.

BACKGROUND

 

This action transfers $2.6M in General Fund fund balance to the Capital Fund ($2M) and the Health Fund ($600k) due to potential end of year (FY20) deficits in fund balances as determined by the Finance Department.

 

POLICY IMPACT

N/A

ATTACHMENTS

Budget Change Request (BCR)