EastEnder Under The Weather...Few Topics For Discussion While She Is MIA -- GET WELL
While EastEnder is getting physically healthier, WE are posting this in her absence, under her name. We simply hope the issues can be held to a "debate" and not the "haranguing" of certain individuals.
Sewer Board Meeting this past Tuesday afternoon. These are only bits and pieces of information; there is an audio tape and there will be minute available informing the public of other activities.
First, Mr. Fifer stated he is on the "State Revolving Loan Fund Committee's Agenda" for August trying to get our bond rate lowered or refinance it. This will "save" us $660,000.00. Of course, if he refinance, he will get a percentage of the bonds. We have yet to see a lawyer not make any monies on any Bonds -- whatever they were/are.
The Controller put some things on record. For one month there was income of $177,090.00. Expenditures were $177,140. Balance in cash flow is -$50.00. She will have to borrow to continue operations.
There are seventeen (17) bank accounts for the Sewer Department. The Controller maintains they can not pull sanitation and drainage out of Sewers because this would give the City 19 Bank Accounts, which seemed to be illegal in some manner.
No claims again approved by the Sewer Board. Controller told Sewer Board she sends them a green bar report (which is simply a line item and could hold ghost companies the way it is now) and if she doesn't hear back from them within two days, she automatically pays all claims. The Sewer Board didn't like this time frame, and demanded more. They also told her they did not get a greenbar report, as she stated. The blame was placed at the City Clerk's office for not getting the financial greenbar reports out to the Sewer Board.
The Controller also wanted it known one of our past Controllers, Greg LeMar, did not have a "reserve fund" for our Bonds. He bought insurance.
It was brought up that Redevelopment had six (6) bank accounts, but they were non-interest bearing.
It was mentioned the Bond Covenants were 125%, thus Georgetown's monies are desperately needed.
The City Council President, Mr. Gahan, has scheduled BUDGET HEARINGS for Tuesday, 6:00 PM, at Floyd Memorial Hospital on the lower level. It was suggested to him it be held on a Saturday; the reasoning being so Council could talk to Department Heads.
We have not seen the legal for this. We are being told this may be closed to all but Council; legally they wouldn't be able to do this. We'll update you as well hear more from the press.
Get better, EastEnder. This "ain't" no fun! Have a good day, New Albany!