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Fiscal court approves multiple budget transfers, moves $1.61 million to revenue‑loss fund
Summary
The court approved the county’s April financial statement and several budget and cash transfers, including a $100,000 transfer from the occupational net profits tax fund to the jail fund and a $1,611,294.28 transfer from the special reserve fund to a revenue‑loss fund that had been opened at Independence Bank.
The Logan County Fiscal Court accepted the county’s financial statement for April 2025 and approved several budget transfers and cash movements on May 13.
Amanda (Treasurer) presented the financials and line‑by‑line fund balances. She read numerous fund totals, including the general LGEA and special reserve balances, and reported a total of all funds of approximately $22,366,350.57 (transcript figures read by treasurer).
During consideration of budget transfers and cash moves the court approved the following notable actions by roll call:
- Transfer $100,000 from the occupational net profits tax fund to the jail fund. - Transfer $10,000 from the occupational net profits tax fund to the LGEA fund. - Transfer $1,611,294.28 from the special reserve fund to a newly opened revenue loss fund at Independence Bank; the court approved the creation of the new account and the transfer.
The court discussed the solid waste claims and fiscal year totals before approving the financial statement and transfers. All motions passed by roll call with recorded “Yes” votes.
Why it matters: The transfers move significant cash between county funds and create a dedicated revenue‑loss account intended to isolate and manage funds set aside for revenue stabilization; the $1.61 million transfer is the largest movement recorded at the meeting and will affect the county’s available reserves for the fiscal year.
