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Oldham County Fiscal Court approves $114,005.25 in budget transfers to prevent negative account balances
Summary
Fiscal Court approved budget transfers totaling $114,005.25 to ensure county accounts do not end the month with negative balances; staff said transfers reallocate funds from underused lines to cover anticipated overages.
Oldham County Fiscal Court approved budget transfers totaling $114,005.25 at its Oct. 21 meeting to prevent negative balances in county accounts.
County staff explained that transfers move dollars from budget lines that are underutilized to lines at risk of negative balances by month- or quarter-end. The court discussed the transfers in general terms and confirmed the transfers are a standard budget management practice rather than a change to policy or long-term appropriations.
A motion to approve the transfers was moved and seconded and carried by voice vote.
