Dear Editor:
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I have been conversing with our past city administrator, because of one citizen’s letters to the editor. I find I must explain some facts to defend the credibility of myself and our council.
There is nothing in the state statutes about creating a separate fund as previously stated. What the statutes state is that water and sewer revenues are linked when there is a loan against either one of them. It does not matter if there are separate funds or not.
As for the creation of separate revenue accounts, the bank accounts were created two years ago. The city does not have to use the accounts until the bonds are delivered.
The bond documents are only applicable from the time the bonds are delivered. In order to save over $60,000 in interest, the city agreed to close on the bonds earlier this month. Therefore, the new sewer rates will be on the January 2006 utility bill.
Bond payments are currently being made with leftover funds from the sewer construction, as directed by USDA.
Jay Nixon or the FBI is not going to burst down our “new door” on city hall and arrest city employees for not using segregated accounts. The city just retired a sewer bond in 2003. They never created the separate accounts. The bank could care less as the money was accounted for separately.
Autumn and Zella know exactly where every cent is at every given moment. If you have any questions, please come to a city council meeting.
Mayor John Thomas