Bath trustees approve reserve funds
The Bath Board of Trustees approved the creation of three reserve funds at the March 17 meeting.
Trustees approved the resolutions 2-0, with Trustee Elaina Goodrich absent from the meeting.
The first fund is for a Police Vehicle Reserve Fund. According to the resolution, this fund is limited to the purchase of police vehicles, authorizes the transfer of funds from the General Fund to the Police Vehicle Reserve Fund, limits the fund’s existence to a maximum of five years, expiring on March 16, 2019, limits the total amount of money credited to the fund during its existence to $500,000 and limits the total amounts of money credited to this fund each year during its existence to $100,000.
The second fund approved is for a Fire Vehicle Reserve Fund. According to the resolution, this fund is limited to the purchase of fire vehicles, authorizes the transfer of funds from the General Fund and the Fire Fund to the Fire Vehicle Reserve Fund, limits the fund’s existence to a maximum of 10 years, expiring March 16, 2024, and limits the amount of money credited to the fund during its existence to $1 million.
Trustee James Nelson said this fund is allotted more money because fire trucks cost more to purchase.
The final fund approved is an EMS Billing Reserve Fund, which, according to the resolution, is designated for fire and rescue services, ambulance services and emergency medical services. It also authorizes the transfer of funds from the General Fund and the Fire Fund to the EMS Billing Reserve Fund, limits the fund’s existence to a maximum of 10 years, expiring March 16, 2024, and limits the amount of money credited to the fund during its existence to $1.2 million.
According to Fiscal Officer Sharon Troike, these funds were all created retroactively. The funds were actually established in 2000-01, but a formal resolution was never passed. When the State Auditor’s Office was conducting the township’s yearly audit, this mistake was noticed and the resolutions were created. Troike wasn’t sure why this had been missed in past audits.
In other business, trustees:
- agreed to auction police car No. 15, a 2006 Buick Lucerne, at the Akron Auto Auction;
- agreed to furnish to the Akron Auto Auction, unit No. 1274, a 2000 5-ton international model 4900 used by the Service Department;
- agreed to place part-time firefighter/paramedic Michael Goodrich on a one-year leave of absence. According to Fire Chief Walter Hower, Goodrich has taken a full-time position in Indiana, and this is something that needed to be done to let him go;
- agreed to offer terms of full-time employment in the Service Department to Jeffery Lott; and
- awarded the 2014 Bath Center Building Cooling Tower Replacement to Meccon Inc. with a bid of $73,108. According to Service Director Caine Collins, Meccon Inc. came in with the lowest bid on the project.
The board’s next meeting will be April 7 at 7 p.m. in the trustees’ meeting room of the Bath Administration Building, located at 3864 W. Bath Road.
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