Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Board commits $8.2 million to landfill-closure reserve; auditors will reflect restriction
Summary
The Nottoway County Board of Supervisors adopted a resolution committing $8.2 million of unassigned fund balance to a reserve for future landfill closure, to be held until fiscal year 2035 or project completion. The resolution passed by voice vote and the county administrator was authorized to implement it.
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
The board adopted a resolution committing $8,200,000 of the county's unassigned fund balance for the future closure of the Nottoway County landfill. The resolution, approved during the open meeting, states the funds "be committed and held in reserve through fiscal year 2035 or the completion of the closure of the Nottoway County Landfill, whichever occurs last," and specifies the funds cannot be redirected except by a successor resolution from the board.
Administrators explained the earmark is intended to make the county's financial position clear for auditors and residents; board discussion noted cost estimates from the TRC report (page references in staff materials cited a range up to roughly $9.1 million) and that the committed funds may need adjustment in future years if closure cost estimates increase. The motion to adopt the resolution carried on a voice vote with the clerk to certify the adoption.
