HomeMy WebLinkAboutCOMM - Meeting Minutes - 55 - 1-21-2021 - SINKING FUNDMinute No. 55
Washington County Commissioners
Washington, PA, January 21, 2021
The Sinking Fund Commission of the County of Washington met on Thursday,
January 21, 2021, at approximately 10:51 a.m. in the Public Meeting Room of the
Courthouse Square Office Building, Washington, Pennsylvania, with the following
members being present: Commissioners Diana Irey Vaughan, Larry Maggi and Nick
Sherman; and Controller Michael Namie. Also being present: Chief of Staff John Haynes;
Solicitor Jana Phillis Grimm; Finance Director Joshua J. Hatfield; Chief Clerk Cynthia
Griffin; and Administrative Assistant Joyce Thornburg.
ADDroval of Minutes
Mrs. Vaughan entertained a motion to approve Minute No. 54 dated
January 23, 2020.
Moved by Mr. Sherman, seconded by Mr. Maggi, to approve Minute No. 54 as
written.
Roll call vote taken:
Mr. Namie - Yes; Mr. Flickinger - Not Present; Mr. Sherman Yes; Mr. Maggi - Yes;
Mrs. Vaughan- Yes.
Motion carried unanimously.
ADoroval of 2021 Debt Service Pavments
Mrs. Vaughan entertained a motion on the approval of 2021 Debt Service
Payments beginning on March 1, 2021 and ending on September 1, 2021. Debt Service
Fund totals for the year are $3,791,546.
Moved by Mr. Sherman, seconded by Mr. Maggi, to approve the 2021 Debt Service
Payments.
Roll call vote taken:
Mr. Namie - Yes; Mr. Flickinger - Not Present; Mr. Sherman - Yes; Mr. Maggi - Yes;
Mrs. Vaughan - Yes.
Motion carried unanimously.
Revenues and Other Financing Sources
It was noted for the record that the revenues and other financing sources budgeted
for 2021 to meet the current year's obligations are as follows:
Opening Balance: $0
Revenues
Real estate taxes $0
Interest earnings $0
Rent .$_0
Total Revenues $0
Other Financing Sources: General Fund Transfer $3,796,546
County Authority $0
Total Other Financing Sources $3,796,546
TOTAL AVAILABLE $3,796,546
It was also 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, Mrs. Vaughan declared the meeting adjourned at
is
approximately 10:56 a.m.
Mrs. Vaughan noted for the record that Mr. Flickinger entered the meeting after
actions were already taken.
THE FOLLOWING MINUTES SUBMITTED FOR APPROVAL:
12021
ATTEST:
SECRETARY
I