The New Era - All about Sweet Home since 1929

By Sean C. Morgan
Of The New Era 

SHFAD shuffles budget to cover negative balance

 

March 31, 2015



As the Sweet Home Fire and Ambulance District prepares to enter its budget sessions, board members have taken action to head off a negative beginning fund balance, the result of apparent past budgeting mistakes that have left the organization about $117,000 in the hole to start this year.

In November, district officials became aware of the negative ending fund balance in the district’s general fund, said Fire Chief Dave Barringer.

Based on advice from its auditors, Accuity, LLC, the board voted during its regular meeting on March 17 to close its equipment reserve fund, moving $334,000...



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