Q&A
Discussion on prepayment funds and budget stabilization
1:58:38
·
31 sec
Council Member Williams inquires about prepayment funds for the current fiscal year. IBO officials provide information on the budget stabilization and discretionary transfers.
- IBO confirms there were prepayment funds of about $5.5 billion for the current fiscal year
- The term 'budget stabilization and discretionary transfers' is explained as money used to cover costs for the current year from previous years
Nantasha Williams
1:58:38
Was there any prepayment funds for this fiscal year that were calculated?
Sarah Parker
1:58:45
There was.
1:58:46
We had 5 point about 5,500,000,000.
Nantasha Williams
1:58:50
1,000,000,000.
1:58:50
1,000,000,000.
1:58:52
Okay.
1:58:54
The other question
Sarah Parker
1:58:55
That's the the budget it's called budget stabilization and discretionary transfers.
Nantasha Williams
1:58:59
Okay.
1:58:59
And that would be, like, the prepayment funds.
Sarah Parker
1:59:02
It's money that we use to help cover costs for this year from previous years.
Nantasha Williams
1:59:08
Okay.
