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Lowndes County adopts policy change to accommodate late hurricane reimbursement funds
Summary
The board adopted an update to the county's budget and equity reserve policy to extend the window for recording hurricane reimbursement funds from 60 to 150 days so those funds can be assigned to the correct fiscal year; staff said this is rare but necessary given expected Hurricane Helene reimbursements.
Miss Black presented a requested update to Lowndes County's budget and equity reserve policy to address hurricane reimbursement funds that arrive after the initial 60-day post-year period. She said the change would extend that period to 150 days so large hurricane-related reimbursements can be recorded in the correct fiscal year; she described the need as "a very rare occurrence" but necessary given the amounts expected from Hurricane Helene.
A commissioner asked whether the remaining Helene funds would likely arrive this calendar year; Miss Black replied, "No, sir. I don't think they will all come in this year." The board adopted the revised policy after a motion and vote; there was no recorded opposition.
Miss Black additionally said she corrected a minor wording detail from the 2008 version of the policy. The adoption authorizes staff to apply the extended timeframe when accounting for hurricane reimbursements; the transcript did not include a dollar amount tied to the expected reimbursements.
