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Krebs Utilities Authority approves minutes, claims and rents PAX 880 credit card terminal
Summary
At its Dec. 17 meeting the Krebs Utilities Authority approved the Nov. 19 minutes and claims, heard a financial report showing a five-month net surplus, authorized renting a PAX 880 credit-card terminal for $40 per month and then adjourned.
The Krebs Utilities Authority on Dec. 17 approved routine business items, heard a financial update showing a positive five-month net and authorized renting a PAX 880 credit-card terminal for $40 per month.
In the first vote of the meeting the board approved the minutes from the Nov. 19, 2024 meeting after a motion by David Bailey and a second from Connie Poole; the vote was recorded as Bailey: yes, Poole: yes, Heathcock: yes. The board then approved the claims package on a motion by Bailey, seconded by Dan Heathcock; the vote was recorded as Heathcock: yes, Poole: yes, Bailey: yes.
During a financial review, Mike Kern presented the authority’s five-month statements through Nov. 30, 2024. Kern said total revenues for the period were $551,379.07, that a $19,000 transfer was made to the general fund, and that "we have a positive income in the Krebs utility authority is $31,631.75." He told the board the current rural development note payable of $44,634.39 is expected to be paid off by the end of the fiscal year and that a restricted rural development CD of about $71,000 exceeds that note balance.
On new business the board considered whether to purchase or rent a PSN credit-card machine. Dan Heathcock moved to obtain the PAX 880 model on a $40-per-month rental; Connie Poole seconded. The motion passed with Bailey, Poole and Heathcock voting yes.
Chairman Tommy Ray Walker and the board offered no additional comments, and David Bailey moved to adjourn; Connie Poole seconded and the board voted to adjourn.
Votes at a glance: Approve Nov. 19 minutes — motion passed (Bailey/Poole; 3 yes); Approve claims — motion passed (Bailey/Heathcock; 3 yes); Rent PAX 880 terminal ($40/month) — motion passed (Heathcock/Poole; 3 yes).
