Henry County Transportation Network reports $861,801.71 cash balance; ODOT invoice and technical reviews noted

Presenters from the Henry County Transportation Network provided a financial update to the Henry County Board of Commissioners on Feb. 24, 2026, reporting a cash balance of $861,801.71 as of Jan. 1, 2026 and a Transit Reserve balance shown in the packet. The presenters said the network expected the State FY 2026 second-quarter invoice payment to be processed by ODOT soon and noted ongoing work responding to a Technical Assistance Review and State Auditor requests.

Jeff Tammerine and Stephanie Honeck delivered the update; the board packet included line-item revenues and expenses for the network, including payroll, vehicle maintenance and reserve transactions. The packet lists a 'Transit Reserve balance' figure and a table of monthly opening cash balances and revenue/expense lines.

The packet also notes attendance at the ODOT Small Operators Summit March 23–25 and suggests the network may need to reschedule a March update for March 31. Some entries in the attachment appear inconsistent with the meeting date (for example, the packet lists a 'Transit Reserve balance as of December 31, 2026,' which is after the Feb. 24, 2026 meeting; the packet likely contains a typographical date error), and the minutes do not supply further explanation. The presenters flagged the pending ODOT invoice as a near-term cashflow item.

The board received the update; no formal action was recorded in the minutes on transportation funding during this session.