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Spencer County adopts budget amendment, sets 25 mph limit on Highview Drive and moves Schultz bond funds
Summary
On Oct. 7, 2019, Spencer County Fiscal Court adopted a budget amendment that increases receipts by $396,529.54, established a 25 mph speed limit on Highview Drive, and transferred $9,000 from Schultz escrow into the road fund for repairs; votes were recorded for each action.
Taylorsville, Ky. — The Spencer County Fiscal Court on Oct. 7 approved a mid‑year budget amendment, adopted a local speed limit ordinance for Highview Drive and transferred escrowed bond funds into the county road fund.
The court adopted Ordinance No. 5 (Fiscal Year 2020 series), described in the meeting minutes as Budget Amendment #1, which increases combined receipts in the General, Road and Jail funds by $396,529.54 to recognize unbudgeted receipts. The minutes list the sources and amounts included in the amendment (for example, $62,910 listed as State Grants Recycling and $94,698.54 recorded as Elk Chase bond receipts). The ordinance also increases several expenditure accounts, including $84,000 for sheriff new vehicles and specified increases for treasurer office supplies, recycling grant expenses, reserves for transfer, road projects and inmate housing. The court approved the second reading and adoption on Oct. 7.
Separately, the court approved Ordinance No. 3 (2020 series) on second reading and adoption, establishing a 25‑miles‑per‑hour speed limit on Highview Drive (County Road 1034). The ordinance followed a written request from a resident who cited safety concerns and was moved through the required readings.
The court also voted to move $9,000 from an escrowed Schultz bond account into the road fund for repairs on Schultz Lane. That transfer was approved during the meeting's budget and finance section.
All three actions were carried by motions recorded in the minutes. The votes on the ordinances and the Schultz transfer were recorded as passing with the court’s members present voting “aye,” except for Magistrate M. Moody who was noted as absent at several votes. The minutes record the motions, seconds and the vote outcomes as entered into the official meeting minutes.
Why it matters: the budget amendment recognizes nearly $400,000 of receipts that change available spending authority for several departments, including public safety and road projects. The speed limit ordinance creates an enforceable traffic restriction on a county road, and the Schultz transfer makes escrowed bond money immediately available for local road repairs.
The court also approved a broad motion to accept the invoices, purchases and transfers presented at the meeting; those financial entries are recorded in the meeting's invoice register appended to the minutes. The court adjourned at 10:45 a.m.
