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Court approves second reading of Budget Amendment No. 6; discusses CD reinvestment and jail costs
Summary
The court advanced a motion to approve the second reading of Budget Amendment No. 6, discussed reinvesting a certificate of deposit at short-term rates and noted jail-related expenditures have increased about $50,000 from last year.
The Spencer County Fiscal Court moved and approved action advancing Budget Amendment No. 6 on its second reading, and members discussed short-term reinvestment of a certificate of deposit and rising jail expenditures.
"I have a motion by Mike, seconded by Dan to approve the 2nd reading of the budget amendment number 6," the presiding official said. The court discussed reinvesting a certificate of deposit with People's Bank at a roughly 91-day rate (described as near 4 percent) and noted the overall jail-related budget is about $50,000 higher than last year because of increased incarcerations. A voice approval was recorded in the transcript.
