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Board approves Resale Property Fund statement showing $413,291 balance
Summary
The Board approved the Financial Statement of the Resale Property Fund showing a cash balance of $413,291.35 and reserves for publications, maintenance and refunds; the vote was unanimous.
The Board of Logan County Commissioners approved the Financial Statement of the Resale Property Fund on July 1. The statement lists a cash balance of $413,291.35 and reserves for publications ($100,000.00), maintenance of unsold properties ($200,000.00), records and supplies ($50,000.00) and contingency for refunds ($60,000.00). Monty Piearcy moved the approval and Floyd Coffman seconded; the motion carried with Piearcy, Mark Sharpton and Coffman voting AYE.
The item was handled as a discrete financial approval during the meeting's budget and finance section and no amendments were recorded in the minutes.
