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Auditor Says Interest Revenue, Supplemental Distribution Could Add About $7 Million to Allen County Receipts
Summary
Allen County Auditor Nick Jordan told council the county may collect $7 million more than budgeted in one‑time revenues from higher interest earnings and a supplemental distribution; staff recommended treating the funds as one‑time monies.
Allen County Auditor Nick Jordan reported Feb. 19 that interest revenue and an unexpected state supplemental distribution could add roughly $7 million in one‑time receipts to the county’s finances.
Jordan told council that interest revenue was budgeted at $6 million but, based on current trends and federal activity affecting rates, the county could receive…
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