Lawrence County's general fund is short hundreds of thousands of dollars. County leaders are doing a juggling act so they can make the county payroll Friday.
The County Administrator said Thursday that employees are in no danger of not receiving paychecks. They are moving money around to make sure the workers get paid and counting on money they've been waiting for to help get through the end of September, when the fiscal year ends.
Currently, the general fund is roughly $700,000 in the hole. Two weeks ago, the County Commission agreed to apply for a $400,000 line of credit, but the bank is still processing the request. "We hope to have that done in the next week or two," said Administrator Tricia Galbreath. "In the meantime, we will have some money coming in." The county is expecting more than a quarter of a million dollars in federal disaster relief from the 2011 tornado outbreak.
For now, they will move money over from the Solid Waste Authority to cover more than $60,000 in payroll and hope the bank approves the line of credit soon. The county plans to pay back the SWA with either the federal funds or from the credit line. The credit line is expected to be paid back with ad valorem tax revenue by the end of the year.