Hospital dollars going back to Allen County

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News

December 14, 2011 - 12:00 AM

When the year ends, Allen County will have about $400,000 cash in its general fund budget to start 2012. The carryover was anticipated 18 months ago when its 2011 budget was constructed.

Alan Weber, county counselor, told commissioners Tuesday morning that the county this week would be reimbursed nearly $725,000 it had spent since December 2010 in the run-up to a new Allen County Hospital. The refund was made possible by the recent sale of the first of two ACH construction bonds, which generated $10 million. Bonds totaling another $15 million go on the market today.

Of the reimbursement, $501,315.04 will go into the general fund. Another $223,324.78 will be deposited in the debt service reserve account.

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