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Finance committee ratifies treasurer engagements, accepts grants and records multiple budget amendments
Summary
The finance committee ratified an engagement letter for bond-related services, approved GASB 96 subscription accounting changes, accepted several state grants totaling hundreds of thousands of dollars, established a brownfield capital project and approved insurance-reserve reallocations and a settlement appropriation.
The Warren County Finance and Budget Committee approved a set of housekeeping and grant-related budget actions, including ratifying a treasurer engagement letter for bond services, moving subscription accounting under GASB 96, establishing a brownfield capital project and accepting multiple state grant awards.
Treasurer Ms. Norton sought ratification for an engagement letter with Capital Markets Advisors LLC for financial advisory services; the committee moved and approved ratifying the treasurer’s execution of that engagement for a $6,500 fee.
The committee approved budget amendments and transfers to implement GASB 96 accounting for subscriptions. Committee materials listed an…
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