- Last Updated on 06:23 AM 10/26/12
- BY Danielle Vaughn
Halifax County Service Authority Board of Directors approved proposed budget changes during their regular monthly meeting Wednesday.
The authority has unused interest money from the Rural Development loan available, according to Executive Director Willie Jones, who explained the interest rates for the first year of the Rural Development loan have been less than expected, and cash balance was better than anticipated.
The authority has $74,415 remaining in unused interest reimbursement money in the Rural Development fund, and an official from Rural Development recommended the authority apply the leftover money to the first year’s interest payment, Jones said.
The authority has to use about $1,050 from the debt service fund leaving $11,449 remaining unused in the debt service accumulation fund.
Jones proposed the authority use the remaining funds to pay off the line of credit balance equaling $79,061 in November and add the residual to replace two vehicles instead of one vehicle that was budgeted.
The authority hasn’t purchased any new vehicles since 2009, according to Jones, and the fleet is driven about 250,000 miles a year.
Eliminating the line of credit, Jones said, frees up $50,000 plus per year for use in rehabilitating water and sewer facilities.
In other business Wednesday afternoon, Jones updated board members on the Maple Avenue project showing photographs of the new aeration basin, clarifier and routing station. The project is expected to be complete by early July.
Jones also updated authority members on the NOVI interconnection project progress explaining most of the project is complete, but some electrical and pump work still needs to be done.
He also explained safety procedures to be implemented when the board visits the NOVI site during its monthly meeting Nov. 15.
In other matters Wednesday, Jones said he had met with the Leigh Street solid diversion project engineer for a plan review.
Engineers hope to have the project laid out by the end of the year, according to Jones who said they almost have the design complete and are now putting on the final touches. The project is required to be complete by December of next year.
The board is scheduled to hold its strategic planning retreat Nov. 16 and 17 from 1-6 p.m. on Friday and from 9 a.m. to 1 p.m. Saturday. During the retreat, the board plans to establish a mission statement and a few major goals for the authority.
Following the meeting Wednesday afternoon, the board went into closed session to discuss a personnel issue and the acquisition of real property for public purpose where the discussion in an open meeting would adversely affect the bargaining position of the public body.
No action was taken, Jones said.