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Figuring Finances: Capital outlay funding needed for Highway Department, better cash flow for landfill

2013 NPT PHOTO BY RICK HOOPER

CLB Finance Committee member Norman Smith, left, talks about the Highway
Department budget Monday with Cocke County Road Superintendent Kenneth
Ford, right. In back is Cocke County Mayor Vaughn Moore.
Published: 8:14 AM, 07/02/2013
 

Author: Rick Hooper
Source: The Newport Plain Talk

NEWPORT-The Cocke County Highway Department and Landfill budgets were the focus of Monday's meeting of the Cocke County Legislative Body's Finance Committee.

The big topics of discussion were capital outlay money for the Highway Department, especially paving funds, and improving the cash flow and fund balance for the Landfill Department.

Cocke County Finance Director Anne Bryant-Hurst pointed out the Highway Department received 25 cents of the $2.40 cent tax rate in the 2012-13 fiscal year budget. She said the Highway Department is seeking more than $800,000 in equipment this year in addition to operating funds, which would create a deficit of more than $300,000 in the $4.6 million budget.

For more details, please see the Tuesday edition of the Newport Plain Talk.

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