Rainy Day Fund dwindles


County approves transfer of $425k

By Courtney Pigman - [email protected]



Hubbard


WILLIAMSON – At Wednesday’s regular meeting of the Mingo County Commission, the commission approved a motion allowing the transfer of $425,000 from the Rainy Day Fund to the Coal Severance Fund to allow the county to meet obligations for the current fiscal year.

Tina Lockard, Commission Assistant, made the request for the transfer to the commission stating, “I have prepared a final budget revision to bring our revenues and expenditures in line. Plus, I would like to ask permission to transfer $425,000 from the Rainy Day Fund to the Coal Severance Fund to pay our Regional Jail Bills…”

Lockard continued stating, “I only have $700 in the Coal Severance Fund.”

Commissioner John Mark Hubbard responded stating, “We have no choice but to pay it.”

The discussion continued, with Commissioner Diann Hannah stating that the state and municipalities should have some responsibility for paying the Regional Jail Bill. The commission also discussed the amount of money that would be left available in the Rainy Day Fund. After the transfer of $425,000 to the Coal Severance Fund, $700,000 will be left in the Rainy Day Fund.

Hubbard discussed the current state of the Rainy Day Fund stating, “It is amazing how we went from $1.6 million two years ago to $700,000”

Lockard agreed stating, “Last year, we transferred $375,000.”

Hannah responded stating, “That is not the entire jail bill. That is just from November through February, April, May and June.”

Hubbard agreed stating, “That is probably the biggest liability any county in the state of W.Va. has is the fact that the county is responsible for paying the Jail Bill. Our revenue continues to decrease because the tax in Southern W.Va. It is going to be more difficult for the county to continue to meet the obligations that the state has placed upon the counties.”

Hannah responded stating, “Our Prosecutor could tell you that most of the incarcerations are drug related. Most of the incarcerations are due to the abuse of prescription drugs.”

Prosecuting Attorney, Teresa Maynard agreed stating, “Yes. Prescription drugs or heroin and crack cocaine sometimes…”

Hubbard made the motion to approve the transfer stating, “I move that we make a resolution authorizing the revision of the budget to move the money to Coal Severance to allow us to meet the obligations for the current fiscal year.”

Hannah seconded the motion and the motion passed. Hubbard stated, “Man that hurts.” Hannah responded stating, “Our County will be debt free with the Regional Jail as we go into the fiscal year.”

The next regular meeting of the Mingo County Commission will be held on Tuesday, June 14.

Hubbard
http://williamsondailynews.com/wp-content/uploads/2016/06/web1_JohnMark-2A.jpgHubbard
County approves transfer of $425k

By Courtney Pigman

[email protected]

(Courtney Pigman is a news reporter for the Williamson Daily News. She can be contacted at [email protected], or at 304-235-4242 ext. 2279.)

(Courtney Pigman is a news reporter for the Williamson Daily News. She can be contacted at [email protected], or at 304-235-4242 ext. 2279.)

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