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Budget Amendment - Additional Funding for Tuition Reimbursement
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INFORMATION CONTACT:
Julie Broome, Human Resources, Director, 704-283-3869; Jason May, Budget & Grants Management, Director, 704-283-3760
ACTION REQUESTED:
Adopt Budget Amendment #12 to appropriate $25,000 from Fund Balance account to Tuition Reimbursement account to cover eligible employee tuition expenses beyond the budgeted amount for FY2026.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
The Tuition Reimbursement program supports county employees aspiring to achieve higher education or advanced degree goals. A recent change regarding budget rollover amounts impacted anticipated funds for the tuition reimbursement account. The fund balance transfer will provide funding to adequately cover expected tuition reimbursement applications through the remainder of the fiscal year.
FINANCIAL IMPACT:
Adequate funding is available in Fund Balance to cover this transfer of funds.