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Sanford commissioners debate raising budget transfer threshold; staff to put proposal in September budget resolution
Summary
Commissioners discussed raising the threshold for transfers the commission must approve from $50,000 to $75,000 or $100,000, and setting a percentage cap (20% suggested) for changes to approved capital projects; staff will return a proposed change as part of the September budget resolutions.
Sanford City Commission members on July 28 discussed revising the city's policy that requires commission approval for budget transfers over $50,000 and for any change to capital projects regardless of amount.
"By state statute, budget amendments have to be approved by commission," Ms. Lindsey, the city's finance staff member, told the commission, adding that transfers (internal moves between line items that do not change the total budget) currently do not require commission approval unless they exceed $50,000 or they change capital projects or…
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