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Supervisors approve up to $600,000 interfund loan to support road fund cash flow
Summary
The Winneshiek County Board authorized borrowing up to $600,000 from the general fund to cover short‑term road fund cash‑flow needs, with the legal requirement that interfund loans be repaid before the fiscal year end.
The Winneshiek County Board of Supervisors approved an interfund loan resolution authorizing the county to borrow up to $600,000 from the general fund to cover road‑fund cash‑flow shortfalls pending reimbursements.
County staff explained the loan is lawful but must be repaid before the end of the fiscal year. Supervisor (S6) moved to approve the resolution, a second was received and the board approved the motion by voice vote. The board heard that the county expects the loan to be repaid once pending capital reimbursements are received.
No member requested a roll‑call tally; the motion carried and staff will proceed with the paperwork to effect the transfer and repayment schedule.
