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Mason board directs interest to general fund, creates capital account for CoreCivic earnings
Summary
The Mason board voted June 15 to direct interest earnings (excluding proprietary accounts) into the General Fund and to create a separate capital account for earnings from the CoreCivic detainee population; both measures passed following discussion of cash constraints.
At its June 15 meeting, the Town of Mason board voted to direct interest earned on town accounts into the General Fund while preserving proprietary and restricted funds, and it approved creating a capital account to hold earnings from the CoreCivic detainee population.
Interim Town Administrator Terry Leggett told aldermen the move was intended to bolster the General Fund while the town waits for property tax receipts. "Designated funds or enterprise funds will remain in their accounts," Leggett said, noting the Water Fund CD of $245,000 is not eligible. Alderman Alethea Harris moved to allow interest to be credited to the General Fund; Alderman Virginia Rivers seconded. The motion passed 4-2, with Mayor Eddie Noeman and Alderman Carolyn Catron voting no.
Separately the board approved creation of a Capital Core Civic Account to hold daily-collected earnings tied to the detained population. The account was proposed for non-recurring capital purchases such as vehicles or equipment and explicitly not to be used for payroll. Alderman Trowanna Broadnax moved to establish the account and Mayor Noeman seconded; the motion passed 5-1 with Alderman Catron opposed.
Board members and staff said Comptroller approval will be required for borrowing and that the new arrangements would be monitored. The motions alter how short-term revenue is routed but do not create new taxes; they reflect the board—s effort to manage constrained short-term cash while complying with restrictions on proprietary funds.
