Tough Decisions Ahead
January 27, 2011
cnj@holidayislandarkansas.net
Holiday Island, Ark. - The Holiday Island Board of Commissioners face challenges and tough decisions during a national economical downturn, which carries over on a local level.
"The 2011 approved budget was adopted with a $55,000 loss," said Crosson,
A presentation along with a question and answer segment was provided at the work session meeting by BancCorp South, which handles Holiday Island's risk management.
At the regular session, which is where the board votes on items, the board of commissioners voted to extend a contract with BancCorp South.
In the work session, questions were raised regarding the progress on a negotiation between Table Rock Landing and the district. These negotiations are still in progress. The potential impact is a $110,000 income line item in the 2011 budget.
In the work session, the approved 2011 budget led to a discussion about an $85,000 income line item for collection of franchise fees.
Franchise fees are a new item for income and it has been challenged anonymously and filed with the State. All further discussion of this topic is now mute until the Arkansas Attorney General makes a ruling on whether it is legal for the district to charge these fees.
The extended agreement contract with the Carroll County Sheriff's department was presented at the work session.
Kevin Crosson, district manager, pointed out the reduction in the allowable gasoline purchase from the district for fueling the deputy's vehicle.
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