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Mercer County amends authorization to allow up to $8 million temporary cash advance to General Fund
Summary
The commissioners amended a prior resolution to permit a temporary cash advance to the General Fund of up to $8,000,000 ($7,000,000 from Operating Reserve Fund 105 and $1,000,000 from Fund 370), a move the board described as routine to cover tax-timing differences.
At the April 2 meeting the Board approved Resolution 2026-126 to amend prior authorization and permit a temporary cash advance to the General Fund up to $8,000,000. The amendment specifies $7,000,000 may come from Fund 105 (Operating Reserve Fund) and $1,000,000 from Fund 370 (General Obligation Capital Bond). Commissioner Coleman confirmed in response to a media question that the county annually makes short-term internal loans with interest until tax receipts arrive.
The motion (McGonigle moved, Finley seconded) passed unanimously. The Board recorded this as an amendment to Res. 2026-030; the resolution text lists the budget for advances and named the two source funds explicitly.
