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Financial issues dominate Mid-Mo Ambulance Board meeting

Financial issues dominate Mid-Mo Ambulance Board meeting

February 14th, 2012 in News

The sales tax repayment agreement between Mid-Mo Ambulance and Morgan County was only one of the issues of financial importance which dominated the regular monthly Mid-Mo Ambulance meeting on Wednesday, Feb. 8.

The Board of Directors approved a Promissory Note from Morgan County for payment of the misdirected sales tax money amounting to $535,704.72. The money, which was paid to Morgan County due to a coding error by the Missouri Department of Revenue, will be paid to the District on Jan. 31 over the next five years. The first payment of $107,140.94 was received, but could not be deposited until the board approved the agreement. No interest will be charged.

For more of this story check out the Feb. 15 issue of the California Democrat.