TO: LINCOLN Parish Police Jury FROM: Finance Committee
TO: LINCOLN Parish Police Jury
FROM: Finance Committee
SUBJECT: Committee Report
The Finance Committee of the Lincoln Parish Police Jury met in the Police Jury Meeting Room, Third Floor, Lincoln Parish Courthouse, Tuesday, May 8, 2012, at 6:30 p.m. Present were: Jody Backus, Chair; Theresa Wyatt, Hazel Hunter, Walter Pullen, Sharyon Mayfield, and Ronny Walker.
Chair Jody Backus called the meeting to order and delivered the invocation. Hazel Hunter offered a motion, seconded by Sharyon Mayfield, to approve the agenda. There being no public comment, the motion carried with the following votes:
YEAS: Wyatt, Hunter, Pullen, Backus, Mayfield, and Walker
The only item on the Agenda was to authorize the allocation and disbursement of Solid Waste Disposal Equipment Reserve Funds. Chair Jody Backus briefed the Committee members on the fiscal requirements of the Solid Waste Disposal Equipment Reserve Fund. Chair Backus presented several options to the Committee for consideration, the first being capping the fund at $3,500,000.00. A second option would be to table the item for 30 days in order to gather further information concerning exactly what the availability of funds invested for the Solid Waste Disposal Equipment Reserve Fund would be. Following a general discussion and an expression of views on the matter by various members of the Committee, Jody Backus made a motion, seconded by Ronnie Walker, to authorize the Parish Treasurer to begin the process of distributing those funds from the Solid Waste Disposal Equipment Reserve Fund that can be obtained without cost or penalty up to $1,500,000.00 and to table any further distribution until the receipt of more information and further discussion of the matter with a decision deadline being the regularly scheduled Police Jury meeting to be held in June. There being no public comment, the motion was put to a vote. The motion failed with a tie:
YEAS: Pullen, Backus, and Walker
NAYS: Wyatt, Hunter, and Mayfield
There being no further business, the meeting was adjourned.
Courtney Hall Jody Backus
Parish Administrator Committee Chair
1td: June 20, 2012