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Title:
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Discussion and possible action to approve temporary transfers in the amounts of $5M from the Highway Cash Fund (1110), $1M from the County Road & Bridge Fund (1111), and $1M from Capital Improvement - Regular Fund (2010), for a total of $7M to the General Fund. These are cash transfers only and will not affect encumbrances. The transfers are necessary to cover payroll and weekly meeting checks and are typically repaid mid-January of the following calendar year. Temporary transfers are allowed by 68 O.S., Section 2021. Requested by Forrest “Butch” Freeman, Oklahoma County Treasurer.
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