County utilizes inter-fund loan to cover payroll
Mar 05, 2014 | 757 views | 0 0 comments | 10 10 recommendations | email to a friend | print
Money, or the lack thereof, was the basis for some action Tuesday by Massac County’s commissioners after hearing from Massac County Treasurer Dana Angelly the county’s general fund would not have enough funds to meet payroll.

Angelly brought a report of the county’s general fund dating back to the first of February, and the report indicated a general fund balance of $43,628, with the county’s payroll this week at $105,500. She said even with the reimbursement of about $20,000 from the county highway department and with local fees from the State’s Attorney’s and Circuit Clerk’s offices, there would be a shortfall of about $22,000.

Last week the commissioners discussed the idea of pursuing another anticipation warrant. In January 2013, the commissioners borrowed $350,000 from a bank to catch up on bills until the property tax money was received. More recently, the commissioners borrowed $60,000 three months ago.

County Clerk John Taylor said another option would be the worker’s compensation liability fund.

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