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Vernon County finance committee reviews $17.8M balance, approves reallocation of Ho‑Chunk funds
Summary
The Finance Committee reviewed the treasurer's report showing $17.8 million in county funds and unanimously moved to reallocate Ho‑Chunk funds to the New Building Fund by July 1, 2020; the committee also approved a resolution naming official county depositories.
The Vernon County Finance Committee met May 21, 2020 and reviewed the treasurer's monthly report before approving several routine actions.
Treasurer Rachel Hanson presented cash and receipts figures showing a county balance of $17,801,475.47 and total receipts of $2,837,381.11, with detailed line items for taxes collected, interest, and sales‑tax receipts. Hanson also provided Pool #3 totals and a statement of cash flow through April 30, 2020.
Chairman Rod Ofte said the committee must use or reallocate Ho‑Chunk funds to the New Building Fund by July 1, 2020; the committee recorded the action as carried unanimously. The committee also approved a resolution designating the county's official financial institutions on a motion by Mike Leis, seconded by Roger Call; the resolution passed on a unanimous voice vote.
Members approved routine vouchers after a review of the monthly bills, and set the next Finance Committee meeting for June 18, 2020. The meeting adjourned at 12:13 p.m.
The committee's actions were procedural and included directing staff to carry out the reallocation and to report back on capital‑funding details as requested.
