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Fiscal Court approves budget amendment to recognize new revenue including contract paving funds
Summary
The court approved a budget amendment to bring in new revenues, including state flex funds tied to a $3,304,000 contract paving payment and several insurance proceeds, so the county can spend those funds in the current year.
Nelson County Fiscal Court voted Jan. 6 to accept a budget amendment recognizing new revenue that must be added to the county's current-year budget.
Roddy said the amendment covers newly received state flex funds (noted as $3,304,000 tied to contract paving timing), vehicle and roof insurance proceeds, and excess planning-and-zoning carryover balances. He said the timing of receipt determined the need to bring the funds into the current year so the county can legally spend them.
The court moved and approved the amendment without recorded opposition. Staff will effect the transfers and amend accounts as needed to reflect the additional revenue.
