Plymouth Council Agrees to Move $750,000 into Rainy Day Fund

The City of Plymouth is building up its savings as the 2018 budget year comes to an end. The city council agreed Wednesday to transfer $750,000 from the General Fund to the Rainy Day Fund, at the recommendation of Clerk-Treasurer Jeanine Xaver. She said the transfer will bring the Rainy Day Fund balance up to about $3.6 million and noted that there’s plenty of money in the General Fund to cover it.

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Plymouth City Council Approves Transfer of Cash for Greenways Trail Project Fund

The Plymouth City Council members approved the transfer of cash from the Rainy Day Fund to the Greenways Trail project fund in the form of a resolution.

In a previous story, Clerk-Treasurer Jeanine Xaver explained that the city council already authorized the transfer of $250,000 in cash from the Rainy Day Fund to the Greenway Trails Fund. Xaver explained that in order to cover the city’s share and to adequately keep funds in that budget line item the transfer needed to take place. The city will pay for invoices up front and the state will reimburse the city 80 percent of the costs.

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Plymouth City Council to Approve Rainy Day Fund Transfer Resolution

The Plymouth City Council will approve a resolution at their meeting next week pertaining to a transfer of money for the Greenway Trail project.

According to Clerk-Treasurer Jeanine Xaver, the city council authorized the transfer of $250,000 in cash from the Rainy Day Fund to the Greenway Trails Fund. Xaver explained that in order to cover the city’s share and to adequately keep funds in that budget line item the transfer needs to take place. The city will pay for invoices up front and the state will reimburse the city 80 percent of the costs.

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Marshall County Council Approves Rainy Day Fund Transfer

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.  Continue reading

Plymouth School Board Approves Use of Rainy Day Fund for Lincoln Junior High Project

The Lincoln Junior High School building project has the Plymouth Community School Corporation borrowing money from its Rainy Day Fund. Superintendent Andy Hartley told the school board Tuesday that some architect’s bills will soon be due to Barton-Coe-Vilamaa, but the bonds to pay for the project won’t be sold for another couple months.

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