Knox County got a big check Monday morning, thanks to a rebate program through SunTrust Bank.
The check, for $446,343, was through the bank's E-commerce rebate program. The county earned the cash back from the use of its E-commerce cards during the 2013 calendar year. This amount surpassed 2012's rebate by more than $128,000, a 40 percent increase.
"I appreciate the work of Knox County Purchasing Program Manager Janice Orr and the rest of the purchasing department for their help in ensuring such substantial savings for Knox County's taxpayers," said Knox County Mayor Tim Burchett. "The E-commerce card rebate program shows there is a real-dollar value to efficiency in government."
The county said a big part of the rebate came from the construction of Carter Elementary School.
"Since the construction of Carter Elementary was managed by Knox County staff, and thanks to a partnership with Knox County Schools, technology purchases were put on the card resulting in an additional $100,000 in rebates," according to a press release from the county.
Over the past three years, Knox County has received more than one million dollars in rebates. The Knox County Purchasing Department identifies opportunities to utilize the cards for various county transactions with third party vendors, and has saved Knox County millions through cost-avoidance by consolidating the E-commerce card program.