HomeMy WebLinkAboutCOMM - Meeting Minutes - 43 - 1-22-2009 - SINKING FUND1
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Washington County Commissioners
Washington, PA, January 22, 2009
The Sinking Fund Commission of the County of Washington met on Thursday, January
22, 2009, at approximately 11:00 a.m. in the Public Meeting Room of the Courthouse Square
Office Building, Washington, Pennsylvania, with the following members being present:
Commissioners Larry Maggi, Bracken Burns, and Diana L. Irey, Treasurer Francis King and
Controller Michael Namie. Also being present: Finance Director Roger Metcalfe; Administrator
G Scott Fergus; Chief Clerk, Mary Helicke; Solicitor J. Lynn DeHaven; Solicitor secretary Joyce
Thornburg and John Adams, an interested citizens.
Approval of Minutes
Chairman Maggi entertained a motion to approve Minute No. 42 dated January 24, 2008.
Moved by Mrs. Irey, seconded by Mr. Namie, to approve Minute No. 42 as written.
Roll call vote taken:
Mr. Namie — Yes; Mr. King — Yes; Mrs. Irey — Yes; Mr. Burns — Yes; Mr. Maggi — Yes.
Motion carried unanimously.
Approval of 2009 Debt Service Pavments
Chairman Maggi entertained a motion on the approval of 2009 Debt Service Payments
beginning on March 1, 2009 and ending on December 1, 2009. Debt Service Fund totals for the
year are $3,990,715.
Moved by Mrs. Irey, seconded by Mr. Namie, to approve the 2009 Debt Service
Payments.
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Roll call vote taken:
Mr. Namie — Yes; Mr. King — Yes; Mrs. Irey — Yes; Mr. Burns — Yes; Mr. Maggi — Yes.
Motion carried unanimously.
Revenues and other Financial Sources
It was noted for the record that the tax rate for debt purposes for 2009 is 2.05 mills on
each dollar of assessed valuation. It was also noted that the revenues and other financing sources
budgeted for 2009 to meet the current year's obligations are as follows:
Opening Balance:
Revenues
Real estate taxes
Interest earnings
Rent
Total Revenues
Other Financing Sources:
County Authority
Tourism
Total Other Financing Sources
TOTAL AVAILABLE
$580,000
$2,844,182
40,000
404,965
$3,289,147
$0
75,000
$75,000
$3,944,147
It was noted for the record that all members of the Sinking�^ Fund Commission �ave been
provided with additional documents dealing with the recent debt obligations through iihe year
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2027. These documents are available for review in the Finance Department.
There being no further business, Chairman Maggi declared the meeting adjow ned at
approximately 11:04.
THE FOLLOWING MINUTES SUBMITTED FOR APPROVAL:
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