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Finance Committee moves $1.1 million between county funds and reviews financials
Summary
Committee approved transferring $300,000 from the debt fund to the general fund and $800,000 from the highway fund to the county roads fund, reviewed strong stumpage revenue and Human Services savings, and discussed using a carbon credit fund to pay a Saxon Harbor loan.
During a financial statement review, Chair Wolff highlighted strong stumpage revenue and savings in Human Services and suggested considering the county’s carbon credit fund for paying down the Saxon Harbor loan. The committee discussed proposed transfers to rebalance funds and approved two motions: move $300,000 from the debt fund to the general fund (motion by Lauer) and move $800,000 from Highway fund 700 to County Roads fund 208 (motion by Lutgen). Both motions passed unanimously.
The transfers were presented as internal reallocation moves intended to address cash-flow and project funding needs. Committee members noted potential uses for non‑operating funds and directed staff to implement the approved transfers.
