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Ludlow treasurer outlines bank balances and opioid-settlement account plans
Summary
City Treasurer Wayne Harris reported on current bank balances, plans to close a revolving loan account after final checks, and said the City will open a separate account for opioid settlement funds; the council was told the city committed initial opioid funds to Kenton County for a Law Enforcement Navigator program.
City Treasurer Wayne Harris briefed the council on municipal finances, including current bank balances and the plan to close the city’s revolving loan account after distributing final checks. He said the City will open a new account to hold opioid settlement funds. Harris also noted a reimbursement was received that covered an employee’s salary for two years.
Police Chief Bart Beck told the council the City committed the first three years of opioid settlement funds to Kenton County for the Law Enforcement Navigator program. No formal council action was recorded beyond the informational report; Treasurer Harris’s notes indicate administrative steps to segregate opioid settlement funds for required uses.
