Daniels County approves payroll and journal vouchers, reviews intercap draws and investment strategy
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Summary
The board approved payroll and several journal vouchers, discussed an $82,000 CAP loan disbursement for gravel, a remaining intercap borrowing capacity and options for CD/STIP investment to improve returns.
The Daniels County Board approved payroll and moved several journal vouchers during the meeting while also discussing near-term borrowing and investment options. Staff reported the county is temporarily short in some operating accounts until the next round of property-tax receipts arrive; a pending intercap loan was cited as a source of near-term liquidity.
Financial items on the consent portion of the meeting included motions to approve payroll and to process an intercap payment; both passed by voice vote. Staff presented a CAP loan disbursement request (the packet noted $82,000 for gravel and related site work) and said two intercap loans exist (one equipment and one site project). On the intercap lines, staff read a remaining availability figure from a ledger showing roughly $6,000 available on a particular intercap line at the time of the meeting; commissioners asked staff to verify balances and report back.
Commissioners and staff also reviewed investment options: the discussion covered STIP (state treasury investment pool) and the countyCDs held for the landfill/closure account. Staff said CD yields at a local credit union appeared meaningfully higher than the county's bank on several short-term maturities and asked whether, at next renewal, certificates could be placed where they yield more. Commissioners asked staff to compare options and bring recommendations, noting they did not want to reduce operating liquidity.
The board also considered a request to pay approximately $288,000 of site-related financing (noted in staff comments as a separate intercap draw) and approved an intercap payment motion. Commissioners asked staff to return with exact balances and a pull schedule tied to expected tax receipts.
Ending: Staff will confirm intercap and bank balances, circulate a written recommendation for CD vs STIP allocation, and return to the commission with a detailed cash plan before making any transfers or new long-term commitments.
