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Broadwater Trust moves $200,000 into county account to free funds for grants
Summary
Trustees authorized a $200,000 transfer from the Trust’s first premier account to the county account to ensure available funds for imminent grant awards and projects; the meeting also reviewed current balances and committed funds.
At the March 3 meeting the Broadwater County Trust authorized transferring $200,000 from its first premier trust account into the county account to provide liquidity for approved and anticipated grants.
The treasurer reported the Trust’s first premier account balance at $3,760,063.13 and the county account balance at $317,683.83. Trustees said the Trust has roughly $120,000 already committed and that moving funds into the county account would help cover payments and upcoming approvals. The motion to transfer $200,000 passed by voice vote.
Trustees also discussed outreach (newspaper notices) to advertise grant opportunities and agreed to continue encouraging applications. The board set follow‑up steps for administrative letters tied to approved grants.
