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Floyd County commissioners establish new bond funds and repeal older fund ordinances
Summary
The board unanimously approved six fiscal ordinances to repeal prior fund language and establish new funds and debt reserve accounts tied to recent general obligation bonds and bridge projects, moves county officials said are routine housekeeping following bond issuance.
The Floyd County Board of Commissioners voted unanimously Dec. 16 to approve a package of financial ordinances that repeal older fund language and establish new accounts tied to recent bond issuances and debt reserves.
County Attorney Kristi Fox presented six measures—FCO 2025-32 through FCO 2025-37—each creating or repealing funds tied to general obligation bonds and bridge projects, including establishing Fund #4801 (Non-reverting Fund General Obligation Bond Series 2025), Fund #4603 (Road and Bridge Project Bond 2024 Debt Reserve Fund), Fund #4800 (Bridge 51 & Bridge 27 Bond), and Fund #4604 (Debt Reserve for Bridge 51 & Bridge 27 Bond). Commissioners Jason Sharp and Frank Loop moved and seconded the motions; all votes were recorded as unanimous.
Fox framed the items as routine financial housekeeping following the county’s bond activity. President Al Knable noted the board would retain the option to revisit cost-of-living adjustments for the county attorney contract when appropriate. The ordinances were approved by unanimous consent, and the board’s action will establish the noted funds for accounting and debt-service purposes.
