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Commission approves short-term interfund loans after public criticism
Summary
The commission approved routine short-term interfund bridge loans to avoid showing negative cash for FY24–25 funds (for example the road fund) while awaiting receivables, despite a public commenter who called the practice a 'shell game' and cited $1,086,300 in unrecovered spending.
Park County commissioners approved short‑term interfund bridge loans intended to prevent funds from showing negative cash at fiscal year end while large receivables (including FEMA reimbursements) are still outstanding.
Finance staff explained the procedure: on June 30 the county temporarily loans cash into funds with timing shortfalls and reverses that entry on July 1, which smooths year‑end reporting while receivables arrive. "There are cases where cash is negative at year end... we do what I call a short term bridge loan," Erica told the commission.
Anne Hallowell, a member of the public, strongly objected during public comment: "It is fancy footwork, a shell game of shifting funds from your right pocket to your left pocket... This is deficit spending," she said and asserted a total of "$1,086,300 you have spent or plan to spend but do not have in hand." Commissioners responded that receivables such as FEMA reimbursements and grant timing justify the short‑term approach and moved to approve the interfund loans. The motion carried on a voice vote. Staff said they will continue to provide budget transparency and are available to review budget details with interested residents.
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