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Spencer County approves budget amendment and transfers after auction proceeds; moves $39,609.80 into road fund
Summary
Fiscal Court approved Budget Amendment #1 to add $574,647.40 in unbudgeted receipts (including auction proceeds and discretionary paving funds) and authorized multiple transfers, including $39,609.80 moved from the general fund into the road fund to allocate auction proceeds.
Spencer County Fiscal Court adopted Budget Amendment No. 1 on May 6, adjusting Fiscal Year 2019 receipts and expenditures to reflect unbudgeted revenues and to allocate auction proceeds and discretionary paving funds.
The amendment increases receipts across General, Road and Jail funds by $574,647.40 to reflect items including AOC space rental reimbursement, sheriff fee pooling, surplus equipment sales and state discretionary paving grants. The amendment authorizes expenditure adjustments including a $414,998 allocation to state discretionary paving and updates to sheriff vehicle, insurance and housing accounts. The ordinance was given first reading as part of the court packet and approved on motion.
Court members reviewed recent auction results (Jewell’s and GovDeals) and directed transfers that allocate proceeds to specific departments. As part of that process the court approved transfers including a $39,609.80 transfer from the general fund into the road fund to distribute auction proceeds to the road department. The treasurer explained that proceeds had been temporarily deposited to the general fund and needed to be distributed to operating departments per prior discussions.
Other fiscal actions approved included authorizing advertising for bids for road materials and approving routine expenditures and invoice payments as presented on open invoice reports for General, Road and Jail funds. The court approved the full slate of expenditures and transfers at the meeting.
