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Lapeer commission moves $600,000 to general fund, consolidates housing grant accounting
Summary
The commission approved a budget amendment transferring $600,000 from the capital permit fund to shore up general fund balance, and moved housing resource revenue and expenses into the general fund with line-item tracking for grants; the bill listing for $1.2 million was also approved.
The Lapeer City Commission approved a budget amendment to transfer $600,000 from the capital permit fund into the general fund to maintain the city's fund balance and to consolidate accounting for housing grant revenues and expenses into the general fund housing department.
Finance staff explained the $600,000 originated from an easement payment that was not…
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