Commission transfers $1.73 million from PSSC fund to bond redemption account

Lawrence County commissioners voted to close a long-running Public Safety Service Center (PSSC) fund and transfer the remaining balance of $1,731,584.87 to the county’s bond redemption fund for future bond payments.

Treasurer’s staff presented the proposed closeout, citing the project’s completion and the need to move the remaining cash into the bond account. The treasurer reported the exact transfer amount and asked the board to authorize the transaction; the board approved the transfer without recorded opposition. “...request permission to close out this fund and take the remaining funds of $1,731,584.87 and transfer that to the bond redemption fund for future bond payments,” the county finance representative said, noting the project began in December 2021 and the transfer would “seal the deal on the public safety service center.” The sheriff praised staff for the “great team effort” during the project.

The transfer formalizes the county’s plan to use the remaining PSSC balance for debt service on the center, and staff said it will enable timely bond payments. Commissioners thanked staff and the sheriff for work on the project and confirmed no additional action was required at this meeting.