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Scrutiny intensifies over missing EDU funds since 2007

July 18, 2024 | Greene County, Virginia



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

Scrutiny intensifies over missing EDU funds since 2007
During a recent government meeting, officials engaged in a detailed discussion regarding the allocation and management of EDU (Equivalent Dwelling Unit) fees, which have remained unchanged since their introduction in 2007. The conversation highlighted concerns about the transparency and utilization of these funds, which have reportedly not been directed to the intended RSA (Regional Service Authority) as previously communicated.

Officials noted that while the town has been collecting these fees for 17 years, there is a pressing need to clarify where the funds have been allocated and how they have been used. The discussion revealed that some EDUs may have been sold under market value, prompting suggestions to utilize general funds to repurchase those that have not been used for over two years. This move aims to stabilize the financial implications of the EDU sales and ensure that future fee adjustments do not negatively impact the budget.

The meeting also touched on the complexities surrounding the capital projects funded by these fees, particularly in relation to improvements made in Rutgersville. Officials acknowledged that the current facility fee of $30, which was intended to contribute to capital projects, has faced pushback and may not adequately cover the actual costs incurred.

As the conversation progressed, it became clear that further investigation is necessary to ascertain the precise distribution of EDUs and the financial details associated with their use. The involvement of the auditor, who also serves RSA, was seen as a positive step in resolving these issues. Overall, the meeting underscored the need for greater financial clarity and accountability regarding the long-standing EDU fees.

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