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<br />211 9th Street South, Fargo, ND 58103 | www.casscountynd.gov <br />Finance Office <br /> <br /> Telephone: 701-241-5600 <br /> Fax: 701-241-5728 <br /> SMB-FIN@casscountynd.gov <br /> <br /> April 11, 2022 <br />Board of County Commissioners Cass County Government 211 9th Street South <br />Fargo ND 58103 Re: Fund Transfer from the General Fund to the Capital Projects Fund & Budget Adjustment Dear Commissioners: Annual state aid revenue fluctuates slightly from year to year. Therefore, the annual state aid revenue is budgeted at a fixed amount that is retained within the general fund. Any amounts received that <br />exceed the set value is transferred to the capital projects fund. The state aid revenue budget is currently set at $5 million and transferring excess amounts has helped us better manage the general fund balance, while simultaneously setting aside dollars for major capital projects (such as the Cass County Emergency Communications Project). Budgeted state aid revenue for 2021 was $5,951,560 with the resulting transfer to the capital fund <br />being $951,560. However, actual state aid revenue received was $6,525,062 with the total transfer to the capital fund being $1,525,062. This results in a 2022 transfer that is $573,502 higher than budget. <br />Transfer History <br />Year <br />Actual State <br />Aid Received <br />Actual <br />Transfer <br />Budgeted <br />Transfer <br />Budget <br />Adjustment <br />Transfer <br />Year <br />2021 6,525,062$ 1,525,062$ 951,560$ 573,502$ 2022 <br />2020 5,956,238$ 956,238$ -$ 956,238$ 2021 <br />2019 6,783,606$ 1,783,606$ 1,461,071$ NA 2020 <br />2018 6,302,408$ 1,302,408$ 689,592$ 612,816$ 2019 Sincerely, <br /> Brandy Madrigga Cass County Finance Director SUGGESTED MOTION: Move to increase the 2022 General Fund Transfer Out budget and 2022 Capital Projects Fund Transfer In budget by $573,502 each, and to authorize the transfer of $1,525,062 from the General Fund to the Capital Projects Fund.