§ 4-11-114. Grants Special Revenue Fund.
Latest version.
- (a) Fund established. There is a Grants Special Revenue Fund into which shall be paid revenues from the following sources:(1) State, federal, and private grants that limit expenditure of grant funds to purposes specified in the grants, except grants which are used solely as a funding source for capital projects; and(2) the estimated amount of the County matching funds that will be required during a fiscal year by State, federal, and private grants, except grants which are used solely as a funding source for capital projects, appropriated as part of an ordinance appropriating funds.(b) Special fund. The Grants Special Revenue Fund is a special, nonlapsing fund.(c) Conditional appropriation of unanticipated grant revenues. Except for a grant which is used solely as a funding source for capital projects, revenue from a grant included in an ordinance appropriating funds but in excess of the amount anticipated for the grant, and any County matching funds required by the grant, are deemed appropriated for the purpose specified in the grant, subject to the following conditions:(1) there is a grant award letter or other writing that, to the satisfaction of the Controller, confirms that the grant funds are available for expenditure by the County; and(2) there are sufficient funds available in the budget of the agency administering the grant in either the Grants Special Revenue Fund or the General Fund for payment of any required County matching funds.(d) Amendment of budget. Upon satisfaction of the conditions imposed on an appropriation by subsection (c), the Budget Officer, without the necessity of further action by the County Council, shall amend the budget as recorded in the County financial system to show the appropriation within the Grants Special Revenue Fund to the agency that will administer the expenditure of the grant and any matching funds, provided that the Budget Officer shall send a report to the Controller and to the County Auditor that, for each grant, identifies the grant, the amount of the budgetary change, and the agency to which the budgetary change was made.(Bill No. 29-08; Bill No. 18-15; Bill No. 80-16)