Leachville Council reviews CPA report

Thursday, November 11, 2004

The Leachville City Council voted to continue property tax millage rates for real and personal property for 2005 when the council met in regular session Nov. 1 at city hall.

Four mills go to the general fund and one mill goes to the fireman's pension fund.Mayor Wells reported on a meeting with Greg Harrison, certified public accountant, on Oct. 19, concerning the city audit. Formal comments contained in the audit included: For 2003, the City did not maintain the fixed asset records; state aid for highway funds and property taxes in the amounts of $21,722 and $1,500 were not deposited into the Street and Firemen's Pension and Relief funds respectively; and a recommendation that $15,155.16 be transferred from the General Fund to the LOPFI fund and $1,500 be transferred from the General Fund to the Firemen's Pension Fund.Leachville Mayor Ralph Wells encouraged council to give input to layout of 2005 city budget by Dec. 1. The budget must be adopted on or before Feb. 1, 2005.The council reviewed a proposed policy handbook presented by Mayor Wells. Wells instructed the council to look over the city employee handbook and come back in December and make a decision on it.Wells announced the grand opening of the Dollar General Store, at 9 a.m. Nov. 5. A ribbon cutting ceremony will take place at 8:30 a.m.The next regularly scheduled council meeting will be at 7 p.m. Dec. 6 at city hall.

Respond to this story

Posting a comment requires free registration: