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Commission moves to reallocate fund balance: $400,000 to facilities, $100,000 to stabilization, $500,000 to CIP
Summary
After auditors reported a healthy general fund balance, county staff proposed moving roughly 4% of fund balance into strategic facilities, budget stabilization and capital improvement funds, and to cover a $230,000 Facilities Master Plan expense.
Van Buren County finance staff presented recommended transfers April 10 to make use of an above-policy general fund balance identified in the year-end audit and to fund near-term capital planning.
County finance director proposed three transfers from general fund balance: $400,000 to a newly created Strategic Facilities Fund for long-term building projects, $100,000 to the Budget Stabilization Fund to maintain a…
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