The Marshall County Council members reviewed a resolution Monday morning that would transfer $2 million from the county’s General Fund to the Rainy Day Fund.
The resolution states that the General Fund cash balance was over $7 million with the June settlement received in the amount of about $4.4 million, which is “in excess of the amount needed to support the remaining 2021 General Fund budget in the sum of $8,696,200.”
Auditor Julie Fox said that there will be $1 million in the Rainy Day Fund after spending those funds on budgeted items in the 2021 budget.
The council can approve the transfer as it does not exceed 10 percent of the total budgets.
The council members approved the resolution with a unanimous vote.
Councilman Jesse Bohannon suggested that at least $1 million of that transfer go to the Marshall County Highway Department by the end of the year. He stated that he believes the voters and the taxpayers “agree there’s a rainy day with roads”. He added that this $1 million would be in addition to this year’s road program.
Councilman Jon VanVactor commented that Highway Superintendent Jason Peters will submit additional roads for cost estimates with the Community Crossings bid packets so more work can be done with local money as crews are in those areas. Peters told the commissioners last week that those projects would include Sage from South Shore to State Road 17 which ties in with a Community Crossings project this year, 3A from East Shore to West Shore at Lake of the Woods, and Pretty Lake from Queen and Quince to State Road 17, and 14th Road from Muckshaw to U.S. 31.
Bohannon’s request was not up for a vote during Monday’s meeting, but it may be discussed further in a future meeting.
