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Commission reviews sports-complex allocations, affirms use of management reserve and banking strategy
Summary
Commissioners reviewed spreadsheets showing remaining allocations for sports-complex projects in Effingham and Atchison, discussed using management and operating reserve for expenses, and heard a finance director analysis that leaving certain bond proceeds invested yields more interest than paying the bond off early.
At the March 25 Atchison County Commission meeting, the board examined a spreadsheet reconciling previously allocated sports-complex funds and discussed next steps for remaining balances and possible future allocations.
Finance staff and county personnel reported that, from the $500,000 originally allocated for local sports-complex projects, Effingham has about $90,800 remaining and Atchison about $86,900. Commissioners reviewed Effingham’s prioritized wish list, which included batting-cage repairs, shade for bleachers,…
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