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Spencer County Fiscal Court adopts 2020–21 budget amendment to include CARES and grant receipts
Summary
The Fiscal Court approved a second reading of the 2020–21 budget amendment to add unanticipated receipts including CARES and CDBG funds and to adjust appropriations across General, Road and Grant funds; the amendment passed on a unanimous roll-call vote.
Spencer County Fiscal Court approved the second reading of the fiscal-year 2020–21 budget amendment #2 during its May 17 meeting, adding roughly $2.05 million in unbudgeted receipts across General, Road, Jail and Federal Grants funds and adjusting appropriations accordingly.
Magistrate M. Moody moved and Esq. Brewer seconded the motion to adopt the amendment. The ordinance text in the packet itemized increases from multiple sources: real property, motor vehicle taxes, bank franchise fees, a $223,182.40 CARES transfer, state grants (noted as $1,317,343.00 in the packet), County Road Aid, and a $200,000 CDBG/utility assistance allocation. The document lists specific account adjustments and a combined receipts increase of $2,055,136.40 to bring the county's fiscal records into alignment with realized grant and fee receipts.
The Court approved the amendment by roll-call vote with all members present voting "aye." Treasurer Doug Williams' monthly financial statements and revenue-condition reports were presented at the meeting showing consolidated receipts, claims and cash balances by fund. The treasurer's summary in the packet listed General, Road, Jail and Federal Grant totals and reconciliation balances.
Court members did not propose changes to the packet figures during the meeting; the amendment will be recorded in the county ordinance record and the clerk will reflect the adjustment in the official budget documents. The budget amendment enables the county to account for CARES and other grant funding the county received during the fiscal year and to proceed with planned FEMA and road projects included in the packet.
