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Sedgwick County outlines $9.2M equipment reserve and $17.5M CIP transfers as year-end moves
Summary
County finance staff proposed moving $9.2 million to an equipment and technology reserve and $17.5 million to the capital improvement program (CIP) as part of year-end transfers, with officials stressing funds remain unallocated until brought back to the commission for specific approvals.
Sedgwick County staff told commissioners on Wednesday they plan to transfer $9.2 million to the county’s equipment and technology reserve fund and $17.5 million of unexpended 2024 budget authority to the capital improvement program fund.
Lindsey (finance staff) explained the transfers are year-end moves that consolidate one-time revenues and remaining budget authority into reserve and CIP accounts. She said the $9.2 million would be placed in an unallocated equipment reserve but emphasized that “we cannot spend…
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