Title For Agenda Item:
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Transfer 2023.5 Fund Balance to Reserve Account.
recommendation
Recommended Action:
Authorizing the County Manager to transfer a portion of the 2023.5 Fund Balance to Reserve Account.
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Background and Purpose of Request:
A year ago staff put together the 2023/2024 budget. During that time staff took it’s best estimates on what would be needed for the County’s first fiscal year. Since then many things have changed resulting in staff requesting the Commissioners to consider transferring a portion of the 2023.5 Fund Balance to Reserves so that funding can be available for those items that are present today, but unforeseen a year ago. The total transfer request is $388,000.00
Staff Contact: James Gailey, County Manager
Presentation: Yes
Fiscal Impact and Source:
$388,000.00
Effective Date if Applicable:
August 14, 2023