Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Fund Transfer topic
No spam. Unsubscribe anytime.
Howard County approves $100,000 transfer to cover negative balance in fund 2542
Summary
The JRAC approved a motion to transfer $100,000 from the CTP account into fund 2542 to eliminate a negative balance; the motion passed by voice vote after a staff request that the county has sufficient CTP funds to cover the transfer.
Staff told the committee that fund 2542 began the year with a negative balance and requested approval to move $100,000 from the county’s CTP account to bring the account to a positive position. "So I'm just asking that we move a 100,000 from CTP into the PI," staff said, noting CTP had just over $400,000 available.
A motion to approve the transfer was made by Staff member (Speaker 5) and the committee approved the transfer by voice vote. No roll-call tally was recorded in the transcript; the chair announced the transfer approved. Staff said the transfer should remove the red balance and allow normal operations in that fund.
