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Stearns County board approves transfer of excess operating funds to capital and project accounts
Summary
The Stearns County Board of Commissioners voted to move more than $25 million from operating funds into capital and project funds to cover near-term cash‑flow needs, seed a future ERP replacement, and finance IT, highway construction and justice center pre-bond expenses.
The Stearns County Board of Commissioners voted to transfer excess balances from operating funds into capital and project accounts, the board announced after a voice vote at its regular meeting.
County officials told the board the transfers — a combined amount described in the public packet as “over $25,000,000” — will be used for capital and one‑time project expenses, to smooth cash flow ahead of bond issuance for the planned justice center, and to keep costs off the levy.
The county’s Auditor–Treasurer, Randy, told the board its fund‑balance policy aims to hold 35–50% of annual expenditures in reserves and that several operating funds had grown above that range. “We’re looking to move those into a capital fund and some into a law enforcement account for the justice center,” Randy…
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