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Waynesville finance committee reviews staffing gaps, audit training, and revenue from investments and water services
Summary
Committee members approved minutes, discussed a staffing gap that affects check-signing, confirmed state auditor training requirements, and reviewed revenue streams including sweep-account interest (about $200,000/year), sewer collection fees, and $67,000 to date in water-truck revenue.
The Waynesville finance committee on July 15, 2024, approved previous meeting minutes and spent much of the session reviewing the village’s financial operations, staffing changes and revenue sources.
Jamie Morley told the committee that the newly hired utility clerk resigned and longtime employee Joette Dedden is retiring, creating a gap in the two-person check-signing practice; Morley asked whether Chris Colvin would serve as a signer if needed, and Colvin agreed. Morley also said the state auditor requires every council member and employee to watch a fraud-prevention video (7 minutes, 58 seconds) by Sept. 28; she will distribute the link.
On revenue, Morley described sweep-account investment mechanics at LC&B Bank and said the village receives up to about $200,000 a year in interest from those accounts. She reported $67,000 in revenue to date from the village’s water-truck sales, with annual seasonal totals reaching as much as approximately $100,000. On sewer billing, Morley said the village collects payments for the county, retains a 3% collection fee, remits the remainder to the county, and that the county contract runs for roughly 10 more years.
Jamie Morley also reported a $44.06 discrepancy dating to May that she has not yet located and expects to resolve after completing training. Several attendees asked for line-item explanations; Morley answered questions about codes and expenditures.
The committee took no new fiscal actions beyond approving the minutes and adjourning; members agreed to raise any additional agenda items at the next meeting. Troy Lauffer and Chris Colvin, who were listed among attendees, participated in the approvals and exchanges recorded during the session.
Provenance: staffing and check-signing issues (SEG 005); audit video requirement (SEG 006); $44.06 discrepancy (SEG 007); sweep account interest at LC&B Bank (SEG 009); sewer billing/3% fee/contract term (SEG 011); water-truck revenue (SEG 012).
