The Marshall County Council members approved a transfer of money to the Rainy Day Fund last week.
Auditor Julie Fox said the council is able to transfer 10 percent of the total of all county budgets from the General Fund to the Rainy Day Fund. She noted that the 2018 budget is just under $25 million and she felt comfortable with the transfer of an amount between $1 million and $1.5 million.
Fox added that all of the department heads and council members have been fiscally responsible and the budget looks in good shape. The ending cash balance at the end of December was just over $8,580,000. The revenues are meeting expenses, according to Fox.
Councilman Bill Githens made a motion to transfer $1.5 million to the Rainy Day Fund out of the General Fund. That transfer will be reflected in the resolution unanimously approved by the council members.
