Held Atlanta plan seeks quarterly checks on restricted-fund spending

A held Atlanta resolution seeks quarterly reports showing whether spending from restricted city funds matches designated categories, required allocations and other legal guidelines. The Finance/Executive Committee kept resolution 26-R-3802 held Sept. 30.

The chief financial officer, working with the mayor’s office and administering departments, would report each applicable fund’s governing restrictions, beginning balance, receipts and expenditures. Reports would include committed funds when available, progress toward required spending allocations, compliance concerns and recommended corrective actions.

The first report would also identify funds for which the administration cannot determine spending restrictions, allocation requirements, governing authority, the administering department or reporting methodology. It would be requested within 30 days after approval, with later reports due within 30 days after each fiscal quarter closes.

The minutes list Oct. 5 at 1 p.m. as the next checkpoint. The committee hold does not establish approval of the reporting request or start its proposed 30-day deadline.