Finance leaders give nod to amendments
by JOYANNA WEBER, Banner Staff Writer
Oct 18, 2011 | 580 views | 0 0 comments | 3 3 recommendations | email to a friend | print
The Bradley County Finance Committee passed more than $4 million worth of budget amendments in arguably its shortest meeting on record.

In less than 10 minutes, the committee passed amendments to allow Bradley County Schools to accept more than $4 million worth of grants and donations into its budget.

These include a Wacker Polysilicon North America donation for computers, the Eat Well Play more grant, a grant from the state for pre-kindergarten, the 21st Century Community Learning Centers Grant, a federal physical education grant and the Small Learning Communities Grant.

The largest grants were the state grant for preschool and the Small Learning Communities Grant.

The committee also accepted a grant for Traffic Safety Patrol for equipment for the DUI program.

Also during the meeting, the finance committee updated the county reserve fund policy to bring it in line with new state standards.

Committee member Ed Elkins asked if the 13 months of total expenses in the debt service reserve fund was the required amount.

Bradley County finance director Lynn Burns said this was the recommended amount, but the Commission could choose to make this a larger number in the future.

The reserve balance numbers will be reviewed on a yearly basis, and can be changed during the budget process, according to Connie Wilson, committee chair.