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Front Page July 25, 2017  RSS feed

Flo Water staying home, but changing address

By Mac Shadix


The Flo Water board watches a slide presentation of the current budget proposal. Left to right: Director Doris Pittman, President Michael Meade, Director Joe Graves, Vice President Mike Wheeler, Secretary-Treasurer Richard Moran, and Director Davis Albert, Reporter Susan Wilder, Business Manager Lela Patterson and Field Operations Manager Mark Collins. Photo by Mac Shadix The Flo Water board watches a slide presentation of the current budget proposal. Left to right: Director Doris Pittman, President Michael Meade, Director Joe Graves, Vice President Mike Wheeler, Secretary-Treasurer Richard Moran, and Director Davis Albert, Reporter Susan Wilder, Business Manager Lela Patterson and Field Operations Manager Mark Collins. Photo by Mac Shadix Flo Water is giving up it’s post office box address that you are used to and taking mail delivery at their Flo office to save mileage costs and to decease staff time involved in mail collection. The change was the second action item on the agenda at the July 20 regular scheduled meeting at Stewart Memorial Methodist Church in Buffalo. President Michael Meade led the discussion and while there were concerns expressed about security for the rural delivery, it was pointed out that no one mailed cash, and that the mail delivery was usually before closing hours.

The first action item was a vote to allow AIC, the longstanding insurance agency for Flo Water to parse the companies that will provide insurance for the corporation without other agency bids. AIC, as an agency deals with multiple insurance companies. Business Manager Lela Patterson told the board that because AIC was providing them with insurance from the lowest cost insurance company that other agencies were hesitant to go to the trouble to prepare a bid since they could not include that company in their bid.

In the ongoing process of funding the renovations at the Weedon plant, the board voted to lock in the current interest rate at their loan provider Co-Bank by August 10 by drawing the remaining available funds.

A request from Flo Volunteer Fire Department to donate the 3000 gallon tank that Flo Water is taking out of service at the Flo plant was approved. The fire department plans to install the tank on the hill above the fire station so emergency filling can be done by gravity flow which is much more effective. All expenses involved in the transfer will be borne by the fire department.

The board voted to purchase a new Toyota Tacoma to replace a 2013 Tundra which needs considerable repair. The truck purchase was not budgeted and the agenda called for it to be funded from the existing line of credit that would take far beyond the life of the vehicle to repay. However since they were being given a good trade in price for the 2013 vehicle the amount to be funded was only $12,500 and it was decided that it could be paid for from operating funds. The Flo Water board has refused for years to budget for vehicles despite the fact that corporation vehicles travel a total of over 100,000 miles per year. Two trucks have been bought outside the budget this year.

A discussion of the Budget draft for FY 17- 18 brought up the question of using shorter term loans to create cash surpluses that could be used to pay off existing, low interest, long term USDA loans. Secretary- Treasurer Richard Moran pointed out that the line of credit was not a fixed rate loan in the long term and could end up with much higher rates that the loans being paid off. He added that taking out new loans was increasing the amount of the monthly payment. Paying off these USDA loans is a project of ex-director Barbara Johnson and is being pushed forward by Directors Doris Pittman and Joe Graves. Business Manager Lela Patterson has seemed to support the plan in the past. President Michael Meade stated that he would like to keep more cash on hand for unforeseeable expenses.


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