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FY2025 Budget Transfers Reporting - 2nd Quarter
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INFORMATION CONTACT:
Blake Hart, Assistant Director, Budget & Grants Management, 704-283-3674
ACTION REQUESTED:
None - Information Only.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
Per section XIV, XV, XVI, XVII, XVIII, XIX, and XX of the FY 2025 Adopted Operating and Capital Budget Ordinance, management reports the following County Manager Budget Amendments (CMBA) made by the County Manager for the second quarter of fiscal year 2025.
CMBA 10: To recognize, receive, and appropriate state allocation of StRAP (Streamflow Rehabilitation Assistance Program) funds to conduct vegetative debris removal activities.
CMBA 11: To appropriate revenue and fund balance/retained earnings for outstanding contracts, purchase orders and available project/program balances for expenditures, projects and programs.
CMBA 12: Correction to Transfer balance on the expense side of the ARPA funds using the Fund balance appropriation.
CMBA 13: Transfer funds from the FY 2025 Longevity budget to the individual departments in the General Fund, Water and Sewer and Solid Waste.
FINANCIAL IMPACT:
None.