HomeMy WebLinkAboutCOMM - Meeting Minutes - 53 - 1-16-2019 - SINKING FUND239
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Minute No. 53
Washington County Commissioners
Washington, PA, January 16, 2019
The Sinking Fund Commission of the County of Washington met on Wednesday,
January 16, 2019, at approximately 2:18 p.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: Director of
Administration Scott Fergus; Solicitor J. Lynn DeHaven; Finance Director Joshua J. Hatfield;
Human Resources Acting Director Andrea Johnston; Chief Clerk Cynthia Griffin;
Administrative Assistant Joyce Thornburg; Executive Secretaries Marie Trossman and
Randi Marodi; and Observer -Reporter representative Barbara Miller.
Approval of Minutes
Mr. Maggi entertained a motion to approve Minute No. 52 dated January 17, 2018
Moved by Mrs. Vaughan, seconded by Mr. Namie, to approve Minute No. 52 as
,written.
Roll call vote taken:
Mr. Namie - Yes; Mr. King - Yes; Mrs. Vaughan - Yes; Mr. Maggi - Yes;
Mr. Shober - Yes.
Motion carried unanimously.
Approval of 2019 Debt Service Pavments
Mr. Maggi entertained a motion on the approval of 2019 Debt Service Payments
I)eginning on March 1, 2019 and ending on September 1, 2019. Debt Service Fund totals for
he year are $3,719,286.
Moved by Mr. King, seconded by Mr. Namie, to approve the 2019 Debt Service
Payments.
Roll call vote taken:
Mr. Namie - Yes; Mr. King - Yes; Mrs. Vaughan - Yes; Mr. Maggi - Yes;
Mr. Shober - Yes.
Motion carried unanimously.
Revenues and Other Financing Sources
It was also noted that the revenues and other financing sources budgeted for 2019
I:), meet the current year's 'obligationsare as follows:
240
Opening Balance: $565,140
Revenues
Real estate taxes $0
Interest earnings $0
Rent $00
Total Revenues $0
Other Financing Sources: General Fund $3,303,286
Transfer
County Authority $0
Total Other Financing $3,303,286
Sources
TOTAL AVAILABLE $3,868,426
It was noted for the record that all members of the Sinking Fund Commission have
been provided with additional documents dealing with the recent debt obligations through
the year 2033. These documents are available for review in the Finance Department.
There being no further business, Mr. Maggi declared the meeting adjourned at
approximately 2:19 p.m.
THE FOLLOWING MINUTES SUBMITTED FOR APPROVAL:
.2019
ATTEST:
SECRETARY
H
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