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Board authorizes interfund loan and delegates vendor‑payment prioritization as nursing-center liabilities continue
Summary
The Stephenson County Board authorized a multiyear interfund loan of up to $1,275,000 to the County Nursing Center, voted to allow the finance committee to prioritize past‑due vendor payments, and discussed an ongoing lawsuit over the nursing-home sale and the management agreement with Serenity.
Stephenson County’s board approved two actions aimed at addressing mounting liabilities tied to the county nursing center: a resolution delegating authority to the finance committee to prioritize past‑due vendor payments, and a separate resolution authorizing an interfund loan of up to $1,275,000 from the county general fund to the nursing center.
County staff described the vendor‑payment resolution as allowing the finance committee to approve payments to past‑due vendors as funds become available. The board moved and approved…
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