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Fiscal Court approves bills, transfers and records FEMA loan payoff
Summary
Ballard County staff reported paying off a FEMA loan with reimbursements and an internal transfer; the fiscal court approved bills, transfers (including an internal $2.55 transfer noted in the transcript) and ACH payments as presented.
Ballard County staff told the Fiscal Court that the county will pay off its FEMA loan using reimbursement checks recently received and transfers from the road fund, and the court approved related bills, transfers and ACH payments.
Staff member (S5) reported the county will mail a check to pay the FEMA loan, enabled by two FEMA reimbursement checks and a transfer of funds from the road department back to the general fund. "We are paying off our FEMA loan," S5 said, and S5 estimated the payoff "saved from what I can figure, just a rough estimate about $30 in interest" (as stated in the transcript).
After the briefing, Tom moved to approve payment of bills and the listed transfers; the court voted to approve the motion. The court also approved the ACH payment list to streamline routine payments going forward. Staff clarified that one deposit had been posted to the wrong account and would be transferred from the general fund to the jail account to correct the discrepancy.
S5 also reviewed a list of larger transfers and explained that a $2.55 transfer (as recorded in the transcript) from the road fund to the general fund is part of the accounting adjustments that enabled the FEMA payoff.
The court carried routine approvals by voice vote; the meeting record does not show roll-call vote details for each line item.
