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Commission approves bank account for PayPal/Venmo; commissioners discuss profit-sharing approach for fair-run events
Summary
The Morgan County Commission approved creating a new county bank account to support PayPal and Venmo transactions for the county fair and other events, and discussed treating profit-sharing agreements as advertising rather than facility-use to ensure consistent policy and avoid subsidizing private events.
The Morgan County Commission on July 1 approved opening a new county bank account to support PayPal and Venmo transactions for the county fair and similar events.
Finance and fair staff explained the county must open a bank account for third-party payment processors (PayPal and Venmo) rather than use the county's general fund account. The account would receive event payments; staff said fees for nonprofit rates may be lower (Venmo nonprofit fees were cited) and that accounting could still delineate…
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