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Board orders transfer and consolidation after Big Ditch bond paid
Summary
Auditor Echo Steffensen told the board the Big Ditch bond was paid in full and, per SD Legislative Audit guidance, the board approved transferring the 401 Drainage Ditch Debt Service Cash to the 301 Drainage Ditch #4 Cash and consolidating the Big Ditch MMDA with the county MMDA.
County Auditor Echo Steffensen reported at the July 7 meeting that the Big Ditch bond was paid in full. Following advice from Rod Fortin of the South Dakota Legislative Audit, she recommended transferring funds from the 401 Drainage Ditch Debt Service Cash account to the 301 Drainage Ditch #4 Cash account and consolidating the Big Ditch MMDA balance into the county MMDA account when balances allow.
Commissioners approved the transfer and consolidation (motion Lundquist, second Nelson). The board record states the actions were taken to align the county's cash accounts with the auditor's recommendation and to remove an unneeded separate MMDA account once balances are reconciled. The minutes do not list exact dollar amounts for the transfers in the provided excerpt.
