Supervisors entertain idea of using trust fund interest for possible operations shortfall
Lowndes County Board of Supervisors discussed at a Wednesday meeting the possibility of using gains from the county’s $30 million-plus trust fund in case the county experiences a financial shortfall near the end of the year.
Supes move half of hospital trust fund to Stifel firm
Lowndes County supervisors voted unanimously Monday to change how its hospital trust fund will be invested.
New firms have shot at holding hospital trust funds
After more than five years, the Lowndes County Board of Supervisors is re-evaluating the investment firms that handle the county’s hospital trust fund.
County will get no hospital trust funds from 2018
When the two firms who managed Lowndes County’s hospital trust fund portfolio provided their year-end reports to County Administrator Ralph Billingsley, the information confirmed what Billingsley already knew: For the first time in the five-year history of the investment program, the county will have no dividends to pull from the account.
County seeks state’s help on hospital trust fund
When the Mississippi Legislature opens its 2019 session on Jan. 8, constituents will ask their legislators for a variety of things, both big and small.
And then there is a request by the Lowndes County Board of Supervisors, who will be asking the Legislature to turn back the hands of time.
Hospital trust fund ‘in good shape’ despite rocky October
Typically, the financial advisers entrusted with managing Lowndes County’s hospital trust fund present their findings in a clear, dispassionate manner during their semi-annual reports to the county supervisors.
Stock volatility could affect county projects
Lowndes County supervisors are keeping a careful eye on the stock market after a volatile October threatens to wipe out the profits gained earlier this year in the county’s $32.5-million hospital trust fund.
Supes withdraw $1 million-plus from hospital trust fund
Lowndes County supervisors voted unanimously to withdraw $1,009,186 in profits from its hospital trust fund, its largest withdrawal in the five years since a state law allowing funds to be invested in the stock market.
Supes poised for $1 million-plus withdrawal from trust fund
With a light agenda for its final meeting of 2017 on Thursday, the Lowndes County Board of Supervisors looked ahead, not to the new year but to today.
Hospital fund trustees keeping close eye on tax reform battle
Normally, what happens in Washington, D.C. attracts little attention from the Lowndes County Board of Supervisors as they handle the business of the county.
Gains continue for Lowndes County hospital sale fund
Three months ago, Lowndes County supervisors withdrew $922,000 from the gain on the $30 million hospital trust fund.
The principal has been split evenly between and managed by two financial firms for almost a year now.
Hospital fund committee to narrow firm search
Twelve financial firms that submitted proposals to manage Lowndes County’s $30 million hospital trust fund will be narrowed to three this week.