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Montezuma County staff seek $70,000 loan to cover senior transportation amid Medicaid credentialing delays
Summary
County staff asked commissioners to authorize a $70,000 interfund loan to Senior Services and Transportation to cover delayed Medicaid reimbursements while recertification issues are resolved.
Rob Dobry, county finance staff, asked the Montezuma County Board to authorize a short-term loan from the general fund to the senior services and transportation fund to cover a cash-flow gap caused by delayed Medicaid payments.
Dobry said, “This resolution is to authorize a loan from the general fund to the senior services and transportation fund in the amount of $70,000 to help deal with a cash flow issue resulting from a delay in Medicaid transportation payments.” The proposed loan would carry a 1.7132% interest rate and accrue $99.94 in…
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