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Cleveland County board approves $17 million minimum carryover, allocates excess surplus to reserve and rainy day funds
Summary
The Cleveland County Budget Board approved a resolution setting a $17 million minimum carryover for the General Fund Capital Reserve and separately authorized allocations of excess surplus to the Capital Reserve and Rainy Day Fund using State Auditor & Inspector Form 240 under 68 O.S. § 3034.
The Cleveland County Budget Board voted on May 28 to authorize a minimum $17,000,000 allocation to the General Fund Capital Reserve carry-over account and to approve resolutions allocating excess surplus to both the Capital Reserve Fund (200200) and the Rainy Day Fund (250200).
Jacob McHughes moved to approve the $17 million minimum allocation; Jim Reynolds seconded. The board then approved two companion resolutions — using State Auditor & Inspector Form 240 as specified — to transfer any excess surplus above the itemized Estimate of Needs into the designated reserve funds in accordance with 68 O.S. § 3034. Recorded votes on the resolutions show Rod Cleveland, Douglas Warr, Pam Howlett, Chris Amason, Jacob McHughes, Rusty Grissom and Jim Reynolds voting yes.
Board members said the actions aim to preserve county capital flexibility and set aside one-time or surplus receipts for future needs rather than recurring operating expenses. The minutes show the motions carried; the formal resolutions were placed on record for implementation by county finance staff.
