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Finance explains $500,000 contingency account and how cannabis receipts are managed in grant fund
Summary
Finance staff said a $500,000 'contingency/other' line remains in the FY26 budget for ad hoc needs and transfers; cannabis tax proceeds and other restricted grants are received into separate grant accounting and are appropriated when council approves specific awards.
Pam Olin and Charles Schmeichel explained how the county uses a contingency line and how cannabis tax proceeds are treated in county accounting.
Olin said the county maintains a contingency line labeled “contingency/other,” historically used to cover mid‑year adjustments and unexpected items; she described the line as a mechanism the executive uses and that council must approve any transfers out…
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