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PC Board approves interfund loan to support financial operations

Loan of up to $330,000 will be used to meet March, April expenses

Steve Malavolti
Chairman, Putnam County Board
Steve Malavolti Chairman, Putnam County Board

HENNEPIN — The Putnam County Board’s Finance Committee, which is comprised of the county board’s five members, approved the creation of a resolution on March 4 to allow an inter-fund loan of up to $330,000 from the Federal Aid Matching Fund.

After that special meeting, the board then approved the resolution that will allow the county to meet its expenses for March and April.

Putnam County Treasurer Kevin Kunkel reported a balance of $139,000 in the county’s general fund at the end of February.

“Which is roughly $130,000 less than the month before,” he said.

Putnam County Board Chairman Steve Malavolti said this is basically what was done last year in order to help the county meet its expenses until its tax revenue was received.

“Is this the best way to go?” board member Sheila Haage asked Kunkel.

“It’s the cheapest,” he replied.

Kunkel also said local governments are having to operate on 30 percent to 40 percent less funding from the state than what they’ve received in years past.

He said there are two pieces of pending legislation that could help restore some of that funding.

Cost of updating technology

The county is also facing a need to update its computer systems after Microsoft’s announcement that Windows 7 will no longer be supported. Along with computers, the county’s servers and firewalls are also obsolete.

Putnam County Clerk Dan Kuhn estimated it would cost the county approximately $4,500 to update his office, and Kunkel said he’d received an estimate of about $12,000 to replace one of the county’s servers.

Kuhn told the board he’d hold off on replacing equipment until after the county receives its tax revenue.

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