HomeMy WebLinkAboutCOMM - Meeting Minutes - 49 - 1-22-2015 - SINKING FUND291
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Minute No. 49
Washington County Commissioners
Washington, PA, January 22, 2015
The Sinking Fund Commission of the County of Washington met on Thursday,
lanuary 22, 2015, at approximately 11:10 a.m. in the Public Meeting Room of the Courthouse
Square Office Building, Washington, Pennsylvania, with the following members being present:
Commissioners Larry Maggi, Diana Irey Vaughan and Harlan G. Shober, Jr.; Treasurer Francis King;
and Controller Michael Namie. Also being present: Finance Director Roger Metcalfe; Director of
jAdministration Scott Fergus; Chief Clerk Mary Helicke; Solicitor J. Lynn DeHaven; Administrative
;Assistant Joyce Thornburg; WJPA representative Jim Jefferson; and Observer -Reporter
representative Barbara Miller.
Annroval of Minutes
Chairman Maggi entertained a motion to approve Minute No. 413 dated January 23, 2014.
Moved by Mrs. Vaughan, seconded by Mr. Namie, to approve ?Minute No. 48 as written.
Roll call vote taken:
Mr. Namie - Yes; Mr. King - Yes; Mrs. Vaughan - Yes; Mr. Sholer - Yes; Mr. Maggi - Yes.
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Motion carried unanimously.
11Public Comment
None.
jApnroval of 2015 Debt ServicePavments
Chairman Maggi,entertained a motion on the approval of 2015 Debt Service Payments
" beginning on March 1, 2015 and ending on December 1, 2015. Debt Service Fund totals for the year
;are $3,562,491.' -
Moved by Mrs. Vaughan, seconded by Mr. King, to approve the 2015-Debt Service Payments.
Roll call vote taken:
Mr. Namie - .Yes; Mr. King - Yes; Mrs. Va--,.ighan - Yes; Mr. Sho be;. -Yes; Mr. MMaggi - Yes.
Motion carried unanimously. "
!Revenues and Other Financ ne Sources
I't was noted for the record that the tax rate for debt purposes for 2015 is 2,05 mills on each
dollar of assessed valuation. It was a?so rioted that the revenue$ ancr other financing sources
!budgeted for 2015 to meet the current year's obligations are as follows:
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Opening Balance: $ i 50,000
Revenues
Real estate taxes 13J.21,388
Interest earnings 10;000, r
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Rent 400.000
Total Revenues " `s3 531,388
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Othi-t Financin Solir'ces:
County Autl o.•ity $0
R < Totad_0the ltnrrs f Sour c` _ $0
T0�1` .L;r�, Al�.t# L,f.; z`14;s-'81,�' 8'
It was noted for the recofd-thanill members of the Sinking Fund Commission ha
provided with additional document dealing with the recent debt obligations through tf
2033. These documents are available for review in the Finance Department.
There being no further business, Chairman Maggi declared the meeting adjourn(
approximately 11:12.
THE FOLLOWING MINUTES SUBMITTED FOR APPROVAL:
6-J 4- ,`lz 3 2015
ATTEST:�/L
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SECRETARY
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