cabarrus county board of commissioners regular meeting november ...

Consent item.BUDGET AMENDMENT:Date: 10/31/2011 Amount: $350,000Dept. Head: Pamela DuboisDepartment: Finance Internal Transfer Within Department Transfer Between Departments/Funds Supplemental RequestPurpose:This budget amendment is to appropriate the remaining fund balance in Fund 600 Workers Compensation Fund in the amount of $350,000.Fund 600 was closed on June 30, 2011. All funds were wired to the Carolina Governmental Alliance (CGA) on June 27, 2011 in the amount of$2,212,408. It was discovered during the FY 2011 audit that an error was made. $350,000 was originally budgeted in FY 2011 in account00191960-9734, however these funds were not transferred to the Workers Compensation Fund and therefore were not included in the wire toCGA on the 27th. This budget amendment is to correct an administrative error and authorize these funds be sent to CGA to officially close thisfund.Account Number Account Name Approved Budget Inc Amount Dec Amount Revised Budget60091916-6901 FB Appropriated $0.00 $350,000.00 $350,000.0060091916-971028 Contrib to CGA $0.00 $350,000.00 $350,000.00Total$0.00ATTACHMENTSMemoExhibit AExhibit BF-5Page 300