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Shelby County authorizes up to $43 million interfund loan to cover short‑term cash flow; finance staff warn of structural fund‑balance issues
Summary
The commission approved an interfund tax anticipation note not to exceed $43 million to cover short‑term cash shortfalls. Finance staff said payroll was secure but said the county ended FY25 with a lower unassigned fund balance and the commission must address recurring structural gaps in the FY27 budget.
Shelby County commissioners on Nov. 17 authorized issuance and delivery of a tax anticipation note series not to exceed $43,000,000 to provide interim funding for the general fund’s cash‑flow needs.
Deputy Director Danielle Schonbaum told the commission employees were paid and the loan is a short‑term cash timing fix, but that the county’s unassigned fund balance was under historical norms at the close of FY25…
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