Commissioners approve $3.08 million accounts-payable list, EV lease and budget transfers

Summary

The board approved the Jan. 8 accounts-payable list of $3,084,111.85, authorized a capital lease through TD Equipment Finance for electric vehicles and adopted multiple line-item transfers to cover legal and labor relations costs; commissioners discussed insurance premium increases tied to a new building.

Rockingham County commissioners approved several financial and contracting items during their Jan. 8 meeting, including an accounts-payable list totaling $3,084,111.85 and a capital lease to finance electric vehicles for facilities operations.

Finance staff presented the accounts-payable list and the board voted to approve the $3,084,111.85 balance. Commissioners also approved a TD Equipment Finance capital lease to acquire electric vehicles for facilities; discussion focused on lease buyout terms and timing to secure ownership at lease end.

The board adopted a reimbursement resolution stating the county’s intent to reimburse itself from lease financing proceeds for the equipment purchase and set a maximum expected financing amount. Commissioners then approved a series of line-item transfers reallocating funds to cover legal and labor-relations lines, noting higher-than-expected PrimeX insurance premiums tied in part to the new building’s property valuation.

All motions were approved during the meeting; commissioners urged continued vigilance on legal and labor costs and asked finance staff to monitor exposure and report back as needed.