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Lake County committee creates new fund to hold stormwater project match payments
Summary
The Financial Administrative Committee approved Resolution 8.19 to create a new project expense-match fund to segregate partner-paid stormwater project match payments from the county's DCO grant and operating funds; the move transfers $2,526,406.68 and establishes a FY'26 emergency appropriation of $1,545,960.
The Lake County Financial Administrative Committee voted April 9 to create a new project expense match fund to hold payments made by municipal project partners for stormwater projects, a change county officials said will separate partner-administered funds from state grants and operating accounts.
Director Rolle explained that the proposed fund will hold project expense-match payments received under intergovernmental agreements with local partners and is not state DCO grant money or property tax revenue. "This is a new fund that's being created to hold the project expense match funds that we…
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