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Marshall County moves interest from several special funds into general fund
Summary
Marshall County commissioners voted to direct interest earned on several special-purpose funds beginning with interest earned in September to the county general fund, citing flexibility for budget planning; the vote was taken by voice and passed.
Marshall County commissioners voted to direct interest earned on several special-purpose funds into the county general fund, beginning with interest earned in September.
The measure, moved during a finance discussion, instructs the treasurer to transfer interest earned going forward from the named special-purpose accounts into the general fund to provide greater budget flexibility. Commissioners discussed liquidity of the affected accounts, statutory limits on moving some fund balances and the administrative bookkeeping required to implement the change.
The commissioners debated which accounts could be changed and…
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