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Commission hears August financials; authorizes hiring change for code enforcement officer
Summary
Commissioner Mefford reported August financial highlights including roughly $31,000 in interest year‑to‑date and bond proceeds moving from ~$18.5M to $14.2M after short‑term debt and issuance fees; commissioners approved converting the code enforcement officer to a part‑time W‑2 employee.
Commissioner John Mefford presented the August financial report Sept. 3, reporting roughly $31,000 in interest earned so far in the 2025/26 fiscal year and noting Heritage Bank’s August interest rate at 4.0%; he said bond proceeds earned about $5,500 in the four days they were in the bank. Mefford explained that original bond proceeds of approximately $18,500,000 now appear as $14,200,000 in the budget because a short‑term debt of over $4,000,000 and issuance fees have been paid.
Mefford moved to approve the monthly bills and the profit‑and‑loss report; the motion passed 5‑0. He also moved to change Code Enforcement Officer Bobby McDonald from a 1099 contractor to a part‑time W‑2 employee (the city covers his liability insurance); Mayor Solomon seconded and the commission approved that personnel action 5‑0.
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