Treasurer Bazley reported as follows:
The first two months of the fiscal year have gone smoothly.
Interest continues to pay well, Star Ohio is still around 5.4% and Park National has increased a little bit to around 4% now. Our Park National contact has told me that is an effort on their part to keep some money in Park National Accounts rather than us pulling our funds and immediately transferring to Star Ohio. They hate to talk to Treasurer about Star Ohio because they just can’t compete with the rate they provide.
We received the remaining $4,960,031.25 (75%) of the OSFCC Career Tech Expansion Grant monies after we approved the Construction Design Phase at our last Board Meeting. We have on the agenda later to approve the lowest responsible bidder and to start the contract process so we can get those funds all encumbered by the September 30th deadline.
We talked previously about the CCP deduction issue with NC State. Originally we were told it would be deducted this year and spread out over payments, well that isn’t what happened. With our August foundation payment they just did a one time claw-back of the amount that should have been withheld last winter. At least now that issue is settled and hopefully we won’t have this issue in the future.
We’ve received all of our real estate settlements at this point and some of the Homestead and Rollbacks. The General Fund seems on target.
Tonight I also have for your approval the FY24 Appropriations. We legally have to have these Board Approved and filed with the County Auditor by September 30th every year to get a certificate back stating we are not trying to spend more than we have available. Nothing really out of the ordinary, the General Fund Appropriations match the May Forecast and the other funds are mostly based on historical spending trends. We normally have a Permanent Improvement spending plan to present as well, but with having to move our September meeting to earlier we did not have that meeting yet. That meeting consists of Mr. Nickoli, Clay Frye, Kris Kowalski, Luke Brenneman, Tim Slone, and Jeff Payne. Once we have that meeting and get a plan for the PI Fund, I’ll provide you all with that Spending plan.
The 412 Certificates are also included in this report. They are certificates stating that Pioneer has the monies to cover health insurance, salaries and appropriations.
Result: Approved
Motioned: Mr. Mike Grady, Board Member
Seconded: Mr. Bill Hope, Board Member
Voter | Yes | No | Abstaining |
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Mr. Ben Blubaugh, Board Member | X | | |
Mrs. Robyn Almanson, Board Member | X | | |
Mr. Mike Grady, Board Member | X | | |
Mr. Bill Hope, Board Member | X | | |
Mrs. Morgan Jones, Board Member | | | |
Mr. Dennis Long, Board Member | X | | |
Mr. Bill McFarland, Board Member | | | |
Mr. Royden Smith, Board Member | X | | |
Mrs. Erin Stine, Board Member | X | | |
Mr. Douglas Theaker, Board President | X | | |
Mrs. Mary Jean Theaker, Board Member | X | | |