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Commissioner Chad Brown - Emergency Management/Fire Services - To Approve the Transfer of Accumulated Funds Realized from Past Tax Collections, Revaluation, Interest Earned, Etc. to Tryonota Volunteer Fire Department ($48,017)
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STAFF CONTACT
Kevin Gordon - Emergency Management/Fire Services - 704-862-6240
BUDGET IMPACT
budget
These transfers are keeping within current policy to transfer accumulated funds.
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BUDGET ORDINANCE IMPACT
Transfers accumulated funds from Fund Balance Appropriated Account to Tryonota Volunteer 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 Tryonota Volunteer Fire Department. Tryonota Volunteer Fire Department is requesting the balance of their overage fund to assist with offsetting deficits incurred by the most recent budget approval.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR) and Request for Reserve Funds - Tryonota Volunteer Fire Department