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Fiscal court divides surplus funds Reviewed by Momizat on . During the July 24 meeting of the Ohio County Fiscal Court, the court approved the second reading of the budget amendment ordinance 2013-1(A). The amendment all During the July 24 meeting of the Ohio County Fiscal Court, the court approved the second reading of the budget amendment ordinance 2013-1(A). The amendment all Rating:
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Fiscal court divides surplus funds

During the July 24 meeting of the Ohio County Fiscal Court, the court approved the second reading of the budget amendment ordinance 2013-1(A).

The amendment allowed the fiscal court to take the surplus revenue and fees for the fiscal year 2012 and put them into discretionary funds to be used by the magistrates and judge executive as they see fit in fiscal year 2013. The judge executive and magistrates will each have a discretionary account for the general fund, the road fund and the LGEA fund.

The discretionary fund money can be used for any project the magistrates see fit. The road fund money can only be used on roads. The LGEA fund can only be used for special projects associated with the coal severance money.

The magistrates will be able to use this money at their discretion to help their districts where they feel there is a need.

At a special called meeting on July 27, the fiscal court met to divide up the surplus money.

The amount in the general fund to be divided was $236,910. This amount was divided among the magistrates and judge executive evenly. The judge executive and each magistrate received $39,485 to spend on any project.

The amount in the LGEA fund to be divided was $104,578. This amount was also divided evenly among the judge executive and magistrates. The judge executive and magistrates each received $17, 429.67 to spend on any special projects associated with the coal severance money.

The amount in the road fund to be divided was $200,000. This amount was divided among the magistrates by who had the larger amount of roads. The judge executive received $33,333.35 to use as he sees fit on county roads.

District 5 Magistrate, Kenny Autry had the most roads and received $49,333.33. District 4 Magistrate, Larry Keown received $47,333.33. District 3 Magistrate, Brandon Thomas received $41,333.33. District 1 Magistrate, Michael McKenney received $21,333.33. District 2 Magistrate Jason Bullock, who had the least amount of roads in the county, received $7,333.33.

© 2012-13 Ohio County Monitor, OCMonitor.com - Beaver Dam, Ky.

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