McLeod County will receive dividends totalling $160,574 from the Minnesota Counties Intergovernmental Trust (MCIT) — $94,327 for workers compensation and $66,247 for property/casualty insurance.
County Administrator Pat Melvin informed the County Board of the dividends at its Aug. 19 meeting, saying that the dividends are awarded to counties based on performance in categories such as workers compensation and insurance claims.
County Auditor-Treasurer Cindy Schultz said the county should receive the dividends before the end of the month.
Schultz also said the county does not budget for revenue from dividends “because we don’t know from year to year what they will be, if anything.”
For more, see the Aug. 27 print edition of The McLeod County Chronicle.
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