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Commissioners approve $351,000 ambulance purchase and pass reimbursement resolution to enable future financing
Summary
The board approved a $351,000 budget amendment to purchase a new ambulance and passed a reimbursement resolution that permits the county to reimburse itself from future debt proceeds if it chooses to finance the purchase; the ambulance is due for delivery in August.
Caswell County commissioners on Aug. 4 approved a budget amendment to appropriate $351,000 for the purchase of a new ambulance and passed a reimbursement resolution to preserve the option of financing the purchase through a future loan.
The board approved the reimbursement resolution — a mechanism that would allow the county to use proceeds from a future borrowing to reimburse the general fund for the purchase — and then approved a budget amendment to provide the immediate appropriation needed to pay the vendor when the vehicle is delivered later in August.
Why it matters: The county will take delivery of the ambulance next week and must provide funds to complete the purchase. The reimbursement…
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