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Commission approves $816,684.60 from hospital funds for ADA playgrounds
Summary
Sumner County authorized $816,684.60 from hospital funds to the Board of Education for ADA-accessible playgrounds pursuant to a prior resolution; commissioners discussed interest accrual, purchase orders, and an amendment directing interest to the general fund.
The Sumner County Commission approved a request to allocate $816,684.60 from hospital-related funds to the Board of Education for ADA-accessible playgrounds, citing a prior resolution (referenced in the meeting as resolution 7-10). Commissioners discussed procedural steps including purchase orders, how interest accrues on the account while funds await expenditure, and whether interest should return to the general fund.
On motion, commissioners approved the transfer, including an amendment specifying any additional interest earned between now and the sale of assets be returned to the general fund. Commissioners also discussed the timing of project spending and the option to close the account so funds could earn interest until expended.
The commission recorded the action by voice vote and directed staff to proceed with the purchase order and tracking of interest.
