County to borrow $1 million to finish horse park
Lowndes County supervisors voted unanimously to borrow $1 million to pay for the completion of the county’s horse park, changing their approach to how they spend revenues from the county’s hospital trust fund.
Oktibbeha supervisors vote to create trust fund
Oktibbeha County supervisors unanimously voted on Monday to create a trust fund for the proceeds of a potential sale of OCH Regional Medical Center.
Lowndes pockets $1M from trust fund
It isn’t as much as it might have been, but the return on the investments made by the Lowndes County Board of Supervisors in the county’s $30-plus-million hospital trust fund will still add close to $1 million to the county’s general fund this year.
County to cash out stock, bond investments
A bird in the hand is worth two in a bush.
Trust Fund rebound has county cautiously optimistic
Lowndes County supervisors know from recent experience the folly of counting their chickens before they hatch. Even so, the county’s “nest egg” in its Hospital Trust Fund is considerably larger than it was at the start of the year.
Investments continue to produce dividends for Lowndes
It won’t be the windfall the county enjoyed last year, but the Lowndes County Reserve and Trust Fund should again turn a profit the county can put to use for 2016 projects.
Two firms will manage hospital money
Two firms will watch over Lowndes County’s $30 million nest egg for a 30-month trial period.
After a day of hearing presentations from three financial consulting companies, the Lowndes County Reserve and Trust Fund Board of Trustees voted unanimously Tuesday to select Stephens Capital Management and Renasant Wealth Management to manage and invest the money from the county’s hospital sale.
Trust fund board holds first meeting
A timeline has been set for financial firms to submit proposals to manage finances from Lowndes County’s hospital sale.