Oklahoma County declares $5.17 million excess in resale fund; county share about $1.72 million
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Summary
County Treasurer told commissioners the resale fund excess totals $5,166,264; one-third will go to cities, one-third to schools and one-third to county general, giving Oklahoma County roughly $1,722,088 to be recorded by June 30 and budgeted in September.
County Treasurer told the Oklahoma County Board of County Commissioners on an annual financial item that the county’s resale fund showed an excess this year of $5,166,264. "This year, our excess is a $5,166,264," the Treasurer said during the meeting.
Under the county’s distribution practice, the Treasurer said the amount will be divided in three equal parts: one-third to cities, one-third to schools and one-third to county general. "So our share for this year will be $1,722,088," the Treasurer said, adding the county’s share will be posted on or before June 30 and included in the September supplemental budget.
Commissioners offered no further questions and moved to approve the annual statement. A motion to approve was seconded and the board voted in favor.
The Treasurer also noted the county’s third this year is $272,217 more than last year. Beyond the numerical announcement, no additional policy action was taken at the meeting; the board accepted the statement and moved on to other agenda items.
Looking ahead, the Treasurer said the staff will include the amount in the county’s September supplement so the board can take budgetary action during the fall adjustments.