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Board briefed on $1.79 million vehicle subfund residuals and plan to allocate across departments
Summary
County budget staff proposed appropriating $1,791,978 of residual balances from a closed motor vehicle replacement fund into a new vehicle subfund to allow departments to purchase vehicles; commissioners questioned interest earnings, allocation methodology and replacement cycle planning.
Budget staff told the Forsyth County Board of Commissioners that when the county closed its separate motor vehicle mobile equipment replacement fund last fiscal year, residual balances totaling $1,791,978 remained and need to be appropriated into the new vehicle subfund (subfund 107) to support vehicle purchases.
Budget Director Kyle Wolf explained the original capital project fund tracked interest earnings and encumbrances for vehicle purchases; when the capital project fund was closed in 2024, residual balances and apportioned interest were moved back to the general fund subfund. "That fund was closed last year, and a sub fund of the…
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