Staff reports state 'special distribution' and ongoing litigation fees; Sullivan Development loan repayments to resume
Staff reported a mid‑August cash increase after a state 'special distribution' (roughly $120k in the years it occurs) and about $24,070 in interest; Sullivan Development is expected to resume loan repayments next month and the county is paying ongoing litigation invoices.
The full story
At the meeting, staff summarized the county’s mid‑August financial position, reporting an uptick in cash after a state special distribution and interest earnings that make year‑end forecasting easier.
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