Delaware County Finance Committee Meeting June 1st, 2026

The Delaware County Finance Committee met on June 1, 2026, to discuss the allocation of interest earnings from investments related to the Community Corrections and Drainage Board funds. The committee considered a proposal to amend the county's investment policy to allow these specific funds to retain interest earned from their invested balances, rather than having the interest roll back into the general fund. Discussions included the financial status of drainage board watersheds, the need for potential increases in ditch assessment fees, and the operational cash flow needs of Community Corrections. The committee also addressed administrative considerations for tracking and reporting interest earnings separately for these funds. A motion was made and seconded to amend the investment policy by adding a new section to allocate interest earnings directly to the respective funds, with further formal action to be determined at a commissioner meeting. The meeting concluded with a motion to recess and no additional business was raised.