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Board approves corrected FY24 interfund transfers to support Secondary Roads work
Summary
The Audubon County Board of Supervisors approved a corrected Resolution 2023-41 authorizing up to $1,375,800 from the Rural Services Basic Fund to Secondary Roads and up to $2,833,484 from Capital Projects for TIF-related transfers to the Secondary Roads fund.
The Audubon County Board of Supervisors on June 18 approved a corrected resolution authorizing transfers between county operating funds to support Secondary Roads work.
Engineer Mitch Rydl explained the corrected Resolution 2023-41, which authorizes transfers of up to $1,375,800 from the Rural Services Basic Fund to the Secondary Roads fund as needed and an additional sum of up to $2,833,484 from the Capital Projects Fund to the Secondary Roads fund for TIF projects. The resolution cites Iowa Code Section 331.432 and directs the county auditor to correct the books and notify the treasurer of the transfers.
The motion to approve the corrected resolution was made by Supervisor Rick Thompson and seconded by Supervisor Doug Sorensen; the resolution record later lists AYES: Doug Sorensen, Heath Hansen and Rick Thompson. The transfers are intended to cover secondary roads expenses and related TIF project costs; the auditor was directed to update financial records to reflect the changes.
The board discussed that the interfund transfers are consistent with statutory authority but did not provide a detailed spending schedule at the meeting. The action concludes with direction to the auditor and treasurer to process the transfers in accordance with the resolution.
