Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
9/18/2017

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Jackie Huffman / Gerry Vincent

Subject:          Approve a Budget Amendment for 2010 Bond Fund


All 2010 bond proceeds and interest have been spent, except $1955 in interest.  These interest earnings have not been budgeted, and cannot be spent until the Board authorizes spending it.  This amendment recognizes the $1955 in bond interest earnings and spending those interest earnings on the Commerce Station road infrastructure project currently under construction.   


ACTION RECOMMENDED: 

Approve budget amendment.

 
 
FINANCIAL IMPLICATIONS:

Recognize interest earnings and authorize spending on approved project; then 2010 bond fund will be closed.