May 21, 2020 10:00 AM

County Commission issues no-fund warrants to help GCH

Posted May 21, 2020 10:00 AM

Geary County Commissioners have approved the issuance of no-fund warrants to support Geary Community Hospital.Chairman Keith Ascher said Hospital officials requested the action some time ago. 

Ascher noted that once those officials came to the county and said that they were going to dedicate their existing two mill levy allotment for retirement of the no-fund warrants. "It's a four-year plan, and the amount is just shy of $2 million. They're agreeing to not get extra mills and then get all that money at once up front in a lump sum payment."

Ascher added the funds will help reduce accounts payable obligations. "They were hanging on by a thread with some of their vendors and suppliers. They needed an infusion of cash and it met all the criteria. So we agreed to go ahead and do that."

There was no objection during a mandatory 60-day protest period. 

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May 21, 2020 10:00 AM
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