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FY24 Budget Amendment #6 - Contract Contingencies
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INFORMATION CONTACT:
Beverly Liles, Finance, Director, 704-283-3675
ACTION REQUESTED:
Adopt FY24 Budget Amendment #6.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
This agenda item appropriates $100,000 resulting from savings from UC Water lapse salaries to the Board’s contingency. The appropriations update is net-neutral and allows for addressing contingent contract obligations that may be applicable at a future date if needed.
FINANCIAL IMPACT:
$100,000 moved from Lapse Salaries - UC Water to Board Contingency