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Committee tables creation of a separate scholarship special-revenue fund over late packet concerns
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Summary
Finance director said a voluntary employee scholarship fund (funded by a $1 monthly contribution) was being moved out of the general fund into a special-revenue fund for clearer accounting; supervisors raised concerns that the resolution was posted that morning and voted to table it until next month.
Finance staff described a scholarship fund created in 2001 that had been commingled in the general fund and proposed establishing a special-revenue fund to segregate the scholarships' receipts and expenditures. "It's funded through employee contributions, a dollar per month... it's a completely voluntary contribution for employees," the finance director said.
Several supervisors objected that the resolution and supporting materials were distributed the morning of the meeting and that members did not have sufficient time to review the packet. "If we couldn't read this until this morning, that means other people couldn't read it either," one supervisor said, and moved to table the resolution until the next meeting so members could review details and ask questions.
On a voice vote the committee approved the motion to table; the chair said the item would be placed on next month's agenda.
