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Council authorizes $1 million temporary transfer to County General Fund; recommends LIT as source
Summary
Resolution 2026-3 approves a $1,000,000 temporary loan to the County General Fund, repayable by Dec. 31, 2026; staff recommended using LIT funds as the source to smooth cash-flow timing issues.
Jefferson County Council adopted Resolution 2026-3 to authorize a $1,000,000 temporary transfer into the County General Fund to meet short-term obligations. The resolution specifies repayment by Dec. 31, 2026 and staff recommended drawing the money from LIT (local income tax) to cover the shortfall.
Council members moved to adopt the resolution after staff read the document aloud; the motion carried by voice vote. Discussion noted that the county has employed similar transfers in prior years as a cash-flow management tool.
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