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Board discusses IDA funds, animal‑shelter financing and reconciliation of accounting records
Summary
Nottoway County supervisors discussed applying roughly $2.1 million in IDA funds to an animal‑shelter project and asked staff to reconcile why those funds appear outside the county’s operating ledger in audit presentations.
At the Aug. 14, 2017 work session, county supervisors discussed using Industrial Development Authority (IDA) funds — including proceeds from past projects and property sales — to support the county animal shelter and other capital needs. Supervisors noted the IDA holds roughly $2.1 million in invested funds from prior transactions that could be applied to capital…
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