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BOARD MEETING AGENDA Tuesday, July 10, 2012, Derby Recreation Center6:45pm A. Budget Hearing 7:00pm Regular Meeting B. Consent Agenda (action required) 1. Meeting Minutes June 2012 2. Checks and Vouchers
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What is idle funds?
Idle funds refer to money that is not actively being used or invested.
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Companies or individuals who have idle funds over a certain threshold are required to file idle funds.
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To fill out idle funds, you need to gather information on the amount of idle funds, the source of the funds, and any interest earned.
What is the purpose of idle funds?
The purpose of idle funds is to ensure that unused money is monitored and accounted for.
What information must be reported on idle funds?
Information such as the amount of idle funds, the source of the funds, and any interest earned must be reported on idle funds.
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