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Board approves transfer of MER's surplus funds into MERS accounts
Summary
County Administrator Chad Shaw presented a recommendation to move MER's surplus into MERS accounts; the board approved transferring surplus funds to employee divisions (motion moved by Terence Frewen).
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County Administrator Chad Shaw presented information about MER's surplus funds and recommended moving the surplus into MERS accounts. The board approved the transfer of surplus funds to employee divisions on a motion by Commissioner Terence Frewen.
The minutes do not quantify the surplus amount or specify which employee divisions will receive the transfers; the resolution or transfer details were not included in the meeting record.
