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First reading to name new streets for 911 purposes
In his report, Carrollton Mayor Gene McMurry explained to city council that even though the Three Courts subdivision, located between Gillock Avenue and Schuerman Street, has not been adopted by the city, the streets need names, per 911 regulations.
City Attorney Nick Marsh conducted the first reading of Ordinance 2011-04 naming the surrounding street for the subdivision “Evergreen Street” and the through street “Pine Court.” The second reading will take place at the next council meeting, Feb. 14.
Members appointed to Code Enforcement Board
Carrollton City Council unanimously approved the five board member appointments for the newly-formed Code Enforcement Board. Terms for the members are staggered. Bill Welty and Gwen Billingsley were appointed to three-year terms ending on Dec. 31, 2013; Maguana Qualls and Doug Ramsey were named to two-year terms ending on Dec. 31, 2012; and Mary Frances Mefford was appointed to a one-year term ending on Dec. 31, 2011.
findings for city in FY 2009-10
Autidors from Raisor, Zapp & Woods presented Carrollton City Council with the findings of its fiscal 2009-10 audit of the city and Carrollton Utilities.
Jerilyn Zapp explained that the report contains two sets of financial statements: government-wide financial statements, which include all of the assets and liabilities on the balance sheet and income statements, and fund financial statements, which show individual funds and accounts of the city. According to the audit, the city has $6.9 million in net assets. Expenses have stayed relatively constant, and the city governmental funds have no debt.
Dennis Raisor told council that Carrollton Utilities is “a well-oiled machine.”
The company’s current assets are $10 million, while their current liabilities are $7 million for a ration or about one-and-a-half to one. Ideally, the ratio would be two to one, but CU paid off some of its debt and are also financing construction projects near Owen County and toward the Ohio River until the grant money comes in.
CU’s net worth increased to $4 million, and the net operating revenue is $552,000.
Committee to work on market analysis
Carrollton Main Street Program manager Sam Burgess informed Carrollton City Council that he had talked to Meghan Sandfoss, community development planner from the Northern Kentucky Area Development District, which is conducting the city’s marketing analysis. Sandfoss told Burgess she wants to form a local committee to work on the project. Burgess told her about the downtown revitalization committee, and they both agreed the analysis would work through this established group.
Both Burgess and Sandfoss also agreed that the committee would benefit from having Mayor Gene McMurry and a representative from council serve on it. Councilman Larry Morgan volunteered to work on the committee. The next meeting is Monday, Feb. 7 at noon at Down on Main restaurant.