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Washington County Administrator Robert Slocum said Tuesday that the county attorney's office was still negotiating with Green Kinetics Gateway LLC regarding the company being late in repaying a $250,000 loan.
The county signed a contract with the West Virginia contractor on Dec. 3, 2013, for a two-phase project that would turn waste at the Forty West Landfill into renewable fuel sources.
The loan was due July 31.
WCPS has almost $9M in fund balances
Washington County Public Schools has about $4 million in an unrestricted fund balance after transferring $281,648 into the surplus fund at the end of the 2018 fiscal year.
The Board of County Commissioners voted 4-0 on Tuesday to approve the school board's fourth-quarter budget adjustments for the fiscal year that ended on June 30.
David Brandenburg, the school system's executive director of finance, said after the presentation that the school board had $4.7 million in restricted fund balances. That included $3.2 million for the downtown urban improvement project; $1 million for public-private partnerships; $385,000 for loans to schools or school organizations; and $22,000 to help with prekindergarten expansion.
Funding for the fund balances, or surplus funds, comes from savings and budget adjustments.
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