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Committee recommends Budget Amendment No. 4 to board after line-item adjustments and bond-proceeds correction
Summary
The committee recommended the board approve Budget Amendment No. 4, a line-item reallocation to comply with TCA rules and to remove projected bond proceeds that were not borrowed; committee vote to recommend was 2-0.
The Budget and Finance Advisory Committee voted to recommend that the governing board adopt Budget Amendment No. 4, a housekeeping amendment that reallocates line items to comply with TCA code requirements and corrects revenue estimates tied to bond proceeds that were not realized.
Miss Holden explained the amendment is primarily a line-by-line review to ensure no appropriation prohibits spending under…
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