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County consolidates bridge funds to steady road and bridge cash flow, staff warns timing matters
Summary
Finance staff said the county merged special bridge accounts into the road-and-bridge fund to smooth cash flows amid timing gaps in state distributions; commissioners were cautioned that asphalt and other projects depend on distribution timing and sales tax receipts.
County finance staff told commissioners Monday that cash-flow timing forces some funds to be managed together so public works can pay crews and contractors between state revenue distributions.
The presenter said Bourbon County receives certain state distributions in January and again in June; until June, departments may need reserves to start spring road work. To ease cash-flow pressure, staff said they consolidated…
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