Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Capital Investment topic
No spam. Unsubscribe anytime.
Budget Committee votes to place $2 million into CD, approves a slate of budget amendments
Summary
The county Budget and Finance Committee voted to move $2,000,000 from the capital projects fund into a certificate of deposit and approved multiple budget amendments including law-enforcement equipment, opioid contributions, solid-waste vehicle purchase, and several school-related donations and recoveries.
The Budget and Finance Committee voted to place $2,000,000 from the capital projects fund into a certificate of deposit at the committee's meeting on Feb. 6, 2026, and approved a package of budget amendments addressing law-enforcement equipment, opioid response funding and several school-related grants and donations.
The committee chair summarized midyear finances and said the capital projects fund included a recent payment from Enbridge tied to a solar array development. Speaker 2 (Gulley) urged the committee to consider moving idle capital funds into higher-yield investments. "I would like to make a motion for us to look at putting a great percentage of this into a CD and seeing what our best interest rate is," Speaker 5 (Atwood) said before revising the motion to specify the $2,000,000 figure.
Atwood moved the revised motion to place $2,000,000 in a CD at the best available rate; the motion was seconded and the chair called the question. Committee members responded in the affirmative and the motion passed with no recorded opposition.
Also on the agenda, the committee approved a set of budget amendments in a single vote. The amendments included $14,080 for law-enforcement equipment and jail building improvements; $65,000 in opioid-related contributions intended for local providers (noted recipients in the meeting included Haven House and Heartful Hope and Healing); a $45,000 solid-waste fund draw to purchase a work truck for the convenience center; an EMS safety grant to buy a powered patient-lift device; an $8,000 Healthy School Challenges award; a $5,000 donation from the Joe Ferguson Memorial Foundation; a Wilson Bacon Trust contribution for high-school gym scoreboards; and an $18,700 insurance recovery for bus damage. Chair textually presented the list and Atwood moved approval; Gulley seconded and the committee voted to approve.
The committee did not specify the institution holding the new CD or the interest rate; staff were directed to locate the best available rate and proceed under the committee's authorization. The committee also did not record a roll-call tally in the minutes beyond verbal 'aye' responses.
The meeting moved on after the votes; the committee chair and members noted the actions were administrative in nature and that further budget or debt-policy decisions could be considered during the formal budget process.
