The Daily Southerner, Tarboro, NC

January 13, 2014

Town council faces moderate agenda

BY JOHN H. WALKER
THE DAILY SOUTHERNER

TARBORO — The Tarboro Town Council faces what looks to be a moderate agenda when it gathers at 7 p.m. tonight in the second floor council meeting room at Town Hall.

The three major items on the agenda include the presentation of the town’s Comprehensive Annual Finanical Report  (CAFR) 2012-13 by Martin Starnes & Associates, CPAs, the presentation of the Tarboro Rotary Club’s Tree  Replacement and Management Plan for the Town Common and the Certified Retirement Community Application by the town.

According to the CAFR, fund balances in all four funds — General unassigned, Electric unassigned, Water & Sewer unassigned and Solid Waste unassigned — continue to grow.

The greatest growth came in the General Fund, where monies held in reserve to cover claims filed as part of the town’s former self-insured program, were released.

“We gave Blue Cross 12 months to get all the claims processed and we move the left-over money into the General Fund,” Town Finance Director Karla McCall said. The town had placed $500,000 in reserve to cover outstanding claims.

 

For the complete story, see today's print edition of The Daily Southerner.