Board steps toward formal fiscal policy

10:00 am | February 11, 2014

Photo by Kayla Carter
Carter County Tomorrow President Tom Anderson listens to discussion during Monday’s Executive Board meeting.

Carter County Tomorrow’s Executive Board is moving closer to securing an engineering consultant for the West Elk redevelopment project as well as finalizing an official set of fiscal policies and procedures.

While neither was approved at its Monday meeting, the board made strides toward each.

In the wake of an auditing firm’s recent report that a list of policies had never been established by the board, CCT President Tom Anderson presented the board with “a start.”

“We have been working under informal processes, which just means they have not been approved by the board,” Anderson told board members. “This isn’t an exhaustive list. This is a start, and it will be reviewed yearly.”

Currently, CCT Chairman Richard Tester said there is no official fiscal policy and procedure approved by the board. Instead, the policies and procedures have been communicated verbally between employees of the CCT partnership — CCT, Carter County Chamber of Commerce and the Workforce Development Center.

“I think it’s important as a board that we adopt something that is going to fit our organization, and of course is going to show transparency to the public that every dollar we have is going to be used wisely and for the objective of this organization,” Tester said.

The document presented Monday didn’t meet the standard sought by Carter County Mayor Leon Humphrey, who requested more details be included. Humphrey also recommended that the board simply adopt the same policies and procedures the county is required to follow. However, a compromise was made instead.

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