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County agrees formula to cover post‑judgment property sale losses, to use contingency account
Winnebago County Personnel & Finance Committee · January 8, 2026
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Summary
After staff reported one auctioned parcel yielded a surplus and another will sell at a loss, the committee agreed on a contingency‑fund approach to cover post‑judgment sale losses net of municipal reimbursements and asked staff to return with policy language; committee consensus was 5‑0.
County staff told the Personnel & Finance Committee that a recent auction produced a small surplus (about $2,500) but that another property will likely sell at a loss. To address post‑judgment sale costs (utility bills, lawn and snow removal, appraisals, recording fees), staff has…
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