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Board approves three budget transfers and a $375,000 investment of project income
Summary
DeKalb County juvenile board approved three budget transfers to accommodate county general-fund support and voted to invest $375,000 of project income in laddered certificates, with the treasurer’s office to select specific instruments and rates.
At the meeting Speaker 1 summarized fiscal adjustments tied to grant cycles and county general-fund support, saying recent reduced appropriations reflect what the county can provide to allow staff raises. Speaker 2 moved to approve three transfers and the board approved them by voice vote; the meeting record did not include a roll-call tally.
Speaker 1 also described consulting the treasurer’s office and the state board of accounts about investing project-income funds and proposed laddered terms to retain flexibility. "Any proposals to invest $375,000? That's the amount," Speaker 2 said; the motion to invest $375,000 of project income was approved by voice vote. Board members said the treasurer’s office will select insured certificates of deposit or other insured vehicles and spread funds across institutions as appropriate; specific rates and instruments were to be determined by the treasurer prior to execution.
Why it matters: the transfers allow the board to align budgets with grant awards and county support; the investment is intended to generate modest, insured yield while keeping staggered access to funds.
Next steps: the treasurer’s office will execute the investment according to county procedures and report back to the board; staff will implement approved transfers and update budget documents in upcoming reports.
