Posts Tagged ‘transferring money from enterprise fund’

Transferring Money from an Enterprise Fund: Authority, Limitations, and Consequences

Friday, June 5th, 2015

As local governments finalize their budgets, many governing boards are wrestling with difficult decisions over how to raise sufficient revenues to cover estimated expenses during the upcoming fiscal year. G.S. 159-8 requires a governing board to adopt a balanced budget ordinance, whereby estimated revenues plus appropriated fund balances equal appropriations. This balanced budget requirement applies […]