As the County wraps up expenses related to the sale of the Genesee County Nursing Home, officials expect to have about $17 million available for funds dedicated to infrastructure, including roads and bridges.
"That's what we said we would do with the money and that's what we're doing," said Marianne Clattenburg, chair of the Ways and Means Committee at yesterday's meeting.
It looks like the proceeds of the $15.2 million sale of the nursing home to Premier Healthcare Management LLC is $10,033,000.
The county is also collecting $7 million in unpaid intergovernmental transfers (federal reimbursement for medical expenses for nursing home patients). This money will also be set aside for infrastructure.
There is still some wrangling with insurance companies, said Treasure Scott German, over money the companies think they are owned and money the county think it is due. There may be additional minor expenses to close out, but those payments will be handled through the general fund.
In other words, the budget line for the nursing home in the county's expense ledger is now officially closed.