As financial officials in the City of Knox dive into budget season, there are a few matters that must be addressed before they can proceed.
Clerk-Treasurer Jeff Houston told council members Tuesday evening that all the city’s accounts have to be in the black by the end of June. He presented them with a resolution that would transfer certain funds to ensure that no accounts are in the negative.
Within Police Department’s section of the General Fund, a transfer totaling $9,000 was requested.
Houston explained that $4,000 from the “gas, tire and other garage” line item and $3,000 from “repair equipment” would be moved into the “overtime” line item while $2,000 was to be transferred from “equipment” into “office supply”.
When it came to the park capital improvement fund, the requested transfer was for a total of $6,000 which was to be moved from “concessions” to the “capital improvements” line item.
Members unanimously approved the resolution.
Additionally, Houston presented members with a tentative timeline for budget season.
He noted that the most important date that council members should be aware of is Tuesday, September 24th.
He explained that is when the budget will be up for adoption and they must have a quorum during that meeting to ensure that it’s passed at that time.
Houston stated that the budget calendar will need to be okayed by the city’s field representative from the Department of Local Government Finance before it is official.
He said the rep will make sure the calendar follows all state regulations so the City won’t run into any problems during the process.
