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Commissioners press staff after transfers coded to Ocean Pines cover negative escrow balances; treasurer reconciling accounts
Summary
Commissioners questioned staff about transfers that used funds coded to the Ocean Pines water/wastewater service area to cover negative balances in other service-area escrows; staff said the treasurer’s office is reconciling developer accounts and that about $231,000 was moved, with River Run repaying $46,000.
Commissioners pressed county staff Sept. 16 over a series of transactions that used funds coded to the Ocean Pines water/wastewater service area to correct negative balances in other shared-facilities escrow accounts.
Commissioner Bertino asked why money had been moved from Ocean Pines to “rectify negative balances in other service areas” and said ratepayers in Ocean Pines appeared to be footing the bill for prior oversights. Staff and the treasurer’s office said…
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