Warren County OKs $26,233 request
WARRENTON — Three of the five largest amounts for a one-time assessment from the Kerr-Tar Regional Council of Governments have been approved.
The Warren County commissioners, in a special meeting Wednesday morning, became the third county to give approval. Warren has been asked for $26,233, an amount based on a per capita rate of $1.39.
Vance and Granville counties each gave a conditional approval on May 6. Franklin and Person counties are taking up the matter in respective meetings on Monday.
Wednesday morning’s gathering was a special called meeting following the commissioners’ meeting May 6, when they asked for more information.
Danny Wright, a member of the Kerr-Tar board of directors and chairman of its finance committee, gave the commissioners a detailed explanation of the problem.
He said “unintentional borrowing” from the federally funded revolving loan fund had resulted in a deficit that must be repaid to the U.S. Economic Development Administration.
Kerr-Tar needed $138,537 to repay the EDA, and the remainder of the $311,367 requested will replenish the account with currently needed operating funds.
“There are no missing funds and there was no criminal activity,” he said, adding that the board has taken corrective actions to prevent future problems.
Commissioner Barry Richardson moved that the special assessment be paid. Commissioner Jennifer Jordan said she would like to add a stipulation that Warren County would pay on the condition that other Kerr-Tar Council members agree to pay their shares. However, the board voted to approve the motion without stipulations, with Jordan voting nay.
In other action, the commissioners voted to defer ABC Commission profits for three years beginning with the 2013-2014 fiscal year to allow the ABC Commission to build a cash reserve to meet expenses during the new ABC store’s construction and design phase.
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