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Audit shows Town of Edgefield has 84% of budget in reserves, sets new time for monthly meetings


web posted December 4, 2007
EDGEFIELD – The Town of Edgefield got a clean bill of fiscal health at the December meeting of the Town Council Monday night. Mrs. Toni McKinley, of McKinley Cooper & Company, said the town has 84% of its yearly budget held in reserves, or $1.8 million. “That’s a great place to be,” Mrs. McKinley said.

Mrs. McKinley said the town spent $75,000 more than it budgeted last year and still had $576,963 in cash assets and $1,462,833 in the state investment pool. Most notable was the town had no long-term debt letting the town boast $3.4 million in total assets. Total town expenses for fiscal year 2007 was said to be $2.3 million.

Total revenues for the town were stated at $1.8 million a year resulting in a $504,000 shortfall. Mayor Ken Durham asked if that was due to funds being expended on capital outlays that were refunded by other sources. Mrs. McKinley said a majority was due to the streetscape and the purchase of a fire truck. Mayor Durham said the funds had to be spent in order to recoup the money from state funds, which occurred after the audit. “That is correct,” Mrs. McKinley said.

Mayor Durham said he just wanted to clarify that the town did not spend more than $500,000 over budget and it was just due to the timing of the audit.

In other business the Edgefield Town Council approved a letter from Kerry Klien hosting the second annual Shamrock Run on Saturday, March 15, 2008, and a request to use the town square during the event.

Also approved were $7,500 maximum funds to be made available to install three antique light poles on Jeter and Bacon Streets. The actual costs involved is expected to be less than $7,000, but the Mayor wanted permission to move forward once bids were received.

In a rather unceremoniously discussion Mayor Durham addressed the agenda item of whether the official meeting time of the town council should be changed from 6:30 pm to 6:00 or 5:30 pm. “I’ve noticed Charlotte sitting around here for an hour on meeting day,” Mayor Durham said adding that he too found himself loitering about until the meeting time. Town Council members agreed and set the new time for the meetings to be at 5:30 pm to better fit their schedules.

What was not addressed was the ability of general public to attend the meetings at the new time due to their work schedules. Mayor Durham stated the new schedule would take effect in January, however, it is unknown at this time if the meeting schedule can be changed without the proper notification in the local “paper of record” advising the citizenry of the change. The notification process was not brought up or discussed at the meeting.

The Visitor of the Month for December was the newly hired Edgefield County School Superintendent Dr. Mary Crenshaw who sated that she just came to say that Edgefield County has a “good school system” and that she was presently reading a book on how to make a “good school system a great school system.” Dr. Crenshaw also said that she has, “an open door policy,” at the district level and welcomes all to visit her in her office.

Newly elected Sen. Shane Massey also attended the meeting and was recognized by the Mayor to offer a few words. Sen. Massey said he just wanted to attend the meeting to introduce himself and to say that he was available to all citizens and to please contact him if he could be of service.

In closing Mayor Durham said he wanted to thank everyone that make the Christmas Parade a success and said, “I don’t usually like to name names because I end up leaving someone out,” but mentioned Police Chief Ronnie Carter, Town Clerk Charlotte Cheatham, Calvin Henderson, Jane Herlong, Michale Medlock, Sharon Nunamaker, and David Coleman. “It takes people to make things happen,” Durham said, “and we are blessed to have so many doing so much.”

Mayor Durham said he also wanted to wish every a very Merry Christmas.

With no other business the meeting was adjourned.
 




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