File #: 2022-3694    Version: 1 Name:
Type: Departmental Items Status: Agenda Ready
File created: 9/14/2022 In control: Board of County Commissioners
On agenda: 9/19/2022 Final action:
Title: Discussion and possible action regarding temporary transfers of cash in the amount of $3M from Highway Cash Fund (1110), $2M from Capital Improvement-Regular (2010), and $1M from Tinker Clearing 2002 Fund (2031), for a total of $6M to the General Fund. These are cash transfers only and will not affect encumbrances. The transfer is necessary to cover payroll and bi-monthly claims and will be repaid mid-January 2023. Temporary transfers are allowed by 68 O.S., Section 3021, Requested by Forrest "Butch" Freeman, Oklahoma County Treasurer.
Sponsors: Treasurer
Attachments: 1. Temp Cash Transfer to GF 09.19.22.pdf

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Discussion and possible action regarding temporary transfers of cash in the amount of $3M from Highway Cash Fund (1110), $2M from Capital Improvement-Regular (2010), and $1M from Tinker Clearing 2002 Fund (2031), for a total of $6M to the General Fund.  These are cash transfers only and will not affect encumbrances.  The transfer is necessary to cover payroll and bi-monthly claims and will be repaid mid-January 2023.  Temporary transfers are allowed by 68 O.S., Section 3021,  Requested by Forrest "Butch" Freeman, Oklahoma County Treasurer.