BCCMC Reports $1.0M Available Reserves Amid $25.8M Loan Obligations

August 05, 2025 | Baker County, Florida


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BCCMC Reports $1.0M Available Reserves Amid $25.8M Loan Obligations
Baker County's Board of County Commissioners addressed significant financial matters during their budget workshop on August 5, 2025, focusing on the county's reserves and debt obligations. The meeting revealed that the county currently holds reserves of $3,000,092, exceeding the USDA requirement of $2,000,025, leaving an available reserve balance of $1,000,067.

A key point of discussion was the county's substantial loan balance, which stands at $25,800,000. The monthly debt payment, including principal and interest, amounts to approximately $1.67 million, leading to an annual debt payment of around $2,014,000. This financial burden is reflected in the budget of the Baker County Community Medical Center (BCCMC), which allocates $2.752 million annually to cover debt payments, insurance, and maintenance costs.

The breakdown of the BCCMC budget indicates that nearly $740,000 is designated for insurance and maintenance, highlighting the ongoing financial commitments the county faces. These discussions underscore the importance of careful financial planning as Baker County navigates its fiscal responsibilities while ensuring essential services remain funded. The implications of these budgetary decisions will be closely monitored as the county moves forward in managing its financial health.

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