Title:
Child Support Reinvestment Special Revenue Fund
Summary
ACTION:
1. Approve the Child Support Reinvestment Special Revenue Fund Ordinance
2. Approve the transfer of the previously deposited Child Support Reinvestment Funds from the General Fund to the Child Support Reinvestment Special Revenue Fund up to $5,871,668.05 which includes $761,403 previously recognized, received and appropriated
Staff Contact: Sarah Lyberg, Finance Director
Presentation: No
BACKGROUND/JUSTIFICATION:
Child Support Enforcement (CSE) receives reinvestment incentive funds to be used to carry out Child Support program activities as authorized by the Federal Office of Child Support Enforcement and in accordance with the regulations contained in OCSE-AT-01-04, in order to contribute to the effectiveness or efficiency of the Child Support Program. Title IV of the Social Security Act, Section 458(f), mandates that reinvestment incentive funds earned by CSE be reinvested into the Child Support Program. The special revenue fund will be established to account for these funds, as well as amounts previously recorded in the General Fund which will be transferred to this special revenue fund. As of June 30, 2018, a total of $5,871,668.05 has been received in incentive funds since July 2010 and will be transferred to this special revenue fund, which includes $761,403 previously appropriated.
PROCUREMENT BACKGROUND:
N/A
POLICY IMPACT:
N/A
FISCAL IMPACT:
FY19 transfer of funds previously recorded in the General Fund to the Child Support Reinvestment Special Revenue Fund