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Lake County housing board to invoice city for $68,300; county will invoice city for new director's salary
Summary
Board members agreed the group will invoice the city for $68,300 to establish operating funds; county will separately invoice the city for the incoming director’s salary. Members discussed bank signers, spending limits and onboarding for the new director, Becky Lomberg.
The Lake County housing board voted to approve its minutes and agreed to invoice the city for $68,300 to seed its operating account, and officials said the county will separately invoice the city for the incoming director’s salary.
The action means the housing entity will receive a $68,300 payment from the city to be deposited in the board’s bank account for bill payments, while the county will invoice the city directly for the new director’s pay, board members said.
The board’s finance discussion followed presentation of a preliminary budget and remarks that an originally proposed $136,600 allocation from the city had been cut in half to $68,300. Board members clarified the $68,300 figure does not include the incoming director’s salary; that amount will be handled through a…
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