PLYMOUTH — President of the Marshall County Council, Tim Harmon, came before the Marshall County Commissioners in their Monday meeting to further lay out a request for the County Board of Finance to consider.
The County Board of Finance consists of the three county Commissioners and County Treasurer Sandra Dodson. Commissioner Adam Faulstich is the Chair of that Board. The responsibility of the board is to review investment policies, designate banks as depositories, and ensure compliance with state regulations, acting as the guardian of public funds at the county level, ensuring their safe and prudent management.
While the interest accruing in certain county funds is mandated by state statute, Harmon had asked the board to consider putting all other accrued interest allowed by law into the General Fund, rather than into any special restricted funds it might be going to currently. He told the Commissioners that the hope of the Council was to have more flexibility with those assets.
In the Finance Board meeting on July 21, Commissioner Stan Klotz said that while he found no problem with Harmon’s request, he wanted to have a more detailed picture of the Council’s intention.
Harmon gave a short briefing to the Commissioners on Monday and asked for another Board of Finance meeting so he could give a complete briefing that would also include Treasurer Dodson.
Another meeting will be set soon.
