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Commission authorizes yearly transfers to capital and reserve funds (Resolution No. 26-15)
Summary
The Board approved Resolution No. 26-15 allowing transfers between operating funds and capital/reserve funds for year-end balance management; staff said transfers are subject to budget authority, fund balances, and statutory limits and that budget hearing dates await pending legislation.
On March 31 the Butler County Commission approved Resolution No. 26-15, authorizing staff to transfer unspent operating fund balances into the county's Capital Improvement Program (CIP) and reserve funds at year-end, subject to budget authority and statutory limits. Assistant Administrator and Finance Director Ryan Adkison presented the resolution and noted the transfers are routine annual housekeeping to move unspent balances to capital and reserve accounts.
Commissioner Jeff Masterson asked whether budget hearing dates were set for July; Adkison said dates have not been set because staff are monitoring pending state legislation that could affect the budget. The Board approved the resolution 5-0. The resolution will be applied consistent with budget authority and fund balance availability.
