Information

Type: Deliberation

Department: AUD - Auditor

Directors' Update: April 5, 2023

Business Meeting: April 11, 2023

Summary:

Establish a new capital projects fund - Jail Capital Improvements Fund No. 3450

Publications:

Cover Letter To:

Additional Copies To:

Resolution

WHEREAS, Resolution No. 23-117 authorized the sale, issuance and delivery of Limited Tax General Obligation Bonds, Series 2023; and

WHEREAS, the Limited Tax General Obligation Bonds were issued for the purpose of providing funds for capital improvements for the County’s jail facility, capital improvements to existing County facilities, and paying debt costs of issuance; and

WHEREAS, it appears to be in the best interest of the County to establish a Capital Projects Fund to account for financial activities related to the capital improvements at the County’s jail facility.

NOW THEREFORE BE IT RESOLVED that the capital projects fund to be known as Jail Capital Improvements Fund No. 3450 is hereby established to account for and report financial resources that are restricted for capital improvements.

DONE IN OPEN SESSION this 11th day of April, 2023.