Board of Supervisors - Resolutions

Supervisor ARGOTSINGER offered the following Resolution and moved its adoption:

 

RESOLUTION APPROPRIATING MONIES TO CAPITAL RESERVES

 

WHEREAS, Resolution No. 175 of 2001 established Capital Reserve Accounts in which to deposit monies from National Tobacco Settlement proceeds and/or County monies from other sources that would facilitate capital improvements or the purchase of capital equipment; and

WHEREAS, 2021 Tobacco Settlement Proceeds for Fulton County totaled $924,940.64; and

WHEREAS, the Committee on Finance recommends appropriating the 2021 proceeds specified herein in accordance with said Capital Plan funding policy; $1,000.00 allocated in the 2022 Adopted Budget to the Youth Bureau Program and the balance allocated to the Capital Reserves; now, therefore be it

RESOLVED, That the 2021 Adopted Budget be and hereby is amended, as follows:

 

Decrease A.1000.0599-0599-REV-Appropriated Fund Balance $924,941.00

 

Revenue Account:

Increase A.1000.2690-2690-REV-Other Compensation for Loss $924,941.00

 

and, be it further

RESOLVED, That the County Treasurer be and hereby is directed to make the following transfer:

 

From: A-0909-Unreserved Fund Balance

To: A-0883.0800 - Capital Improvements Reserve

Sum: $924,941.00

 

and, be it further

RESOLVED, That certified copies of this Resolution be forwarded to the County Treasurer, Budget Director/County Auditor and Administrative Officer/Clerk of the Board.

 

 

 

 

 

Seconded by Supervisor BLACKMON and adopted by the following vote:

TOTAL: Ayes: 18 Nays: 0 Absent: 2 (Supervisors Goderie and Potter)