Friday, February 23, 2024 |
FOLLOW US:

OC Council Transfers $6.9M From Growing Unassigned Fund Balance

November 30, 2023

Ocean City officials voted this week to transfer $6.9 million from its unassigned fund balance. On Tuesday, the Ocean City Council voted unanimously to transfer $6,943,000 from its unassigned fund balance to three reserve funds, a risk retention fund and a vehicle trust fund. City Manager Terry McGean said the transfers would put Ocean City in a better financial position in the coming years.

Article Source: MD Coast Dispatch

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.