Should members of the LSU Board of Supervisors disclose who receives their scholarships?|
Story Archives: OCOG continues debate over deficit
- 2013 - 845 articles
- 2012 - 1954 articles
- 2011 - 2029 articles
- 2010 - 2139 articles
- 2009 - 2066 articles
- December 2009 - 163 articles
- November 2009 - 166 articles
- October 2009 - 231 articles
- September 2009 - 161 articles
- August 2009 - 136 articles
- July 2009 - 153 articles
- June 2009 - 126 articles
- May 2009 - 164 articles
- April 2009 - 242 articles
- March 2009 - 204 articles
- March 31st, 2009 (Tuesday) - 2 articles
- March 30th, 2009 (Monday) - 3 articles
- March 29th, 2009 (Sunday) - 2 articles
- March 28th, 2009 (Saturday) - 4 articles
- March 27th, 2009 (Friday) - 1 articles
- March 26th, 2009 (Thursday) - 25 articles
- March 25th, 2009 (Wednesday) - 11 articles
- March 24th, 2009 (Tuesday) - 1 articles
- March 23rd, 2009 (Monday) - 1 articles
- March 22nd, 2009 (Sunday) - 1 articles
- March 21st, 2009 (Saturday) - 6 articles
- March 19th, 2009 (Thursday) - 35 articles
- March 18th, 2009 (Wednesday) - 9 articles
- March 17th, 2009 (Tuesday) - 2 articles
- March 16th, 2009 (Monday) - 3 articles
- March 14th, 2009 (Saturday) - 4 articles
- March 13th, 2009 (Friday) - 2 articles
- March 12th, 2009 (Thursday) - 27 articles
- March 11th, 2009 (Wednesday) - 15 articles
- March 10th, 2009 (Tuesday) - 3 articles
- March 5th, 2009 (Thursday) - 31 articles
- March 4th, 2009 (Wednesday) - 12 articles
- March 3rd, 2009 (Tuesday) - 1 articles
- March 2nd, 2009 (Monday) - 2 articles
- March 1st, 2009 (Sunday) - 1 articles
- February 2009 - 163 articles
- January 2009 - 157 articles
- 2008 - 1757 articles
|OCOG continues debate over deficit|
Several members of Ouachita Council of Governments will review proposals to retire OCOG's $40,000 deficit and report their findings later this month.
OCOG heard from certified public accountant Francis Huffman Monday on several ways OCOG could retire its deficit. Huffman has conducted OCOG's audit for the past three fiscal years.
According to Huffman, the deficit occurred a number of years ago when the police jury and city of Monroe lowered their annual payments to OCOG but failed to notify the North Delta Regional Planning and Development District, which provides administrative duties for OCOG.
Huffman said OCOG has operated with a deficit because North Delta maintained OCOG's operations.
North Delta executive director David Creed said North Delta has other sources of income, and so far it has not experienced any "cash crunch."
To erase OCOG's deficit, West Monroe Mayor Dave Norris suggested the city of West Monroe put in $16,000 and the city of Monroe and police jury each contribute an equal share or higher. That would pay off OCOG's deficit and provide some money OCOG's fund balance.
Huffman provided OCOG with two proposals to eliminate the debt. His proposals also would provide the agency with some money for its fund balance.
Huffman has said OCOG needs at least $25,000 in its fund balance to be financially sound.
One of Huffman's proposals suggests West Monroe pay $10,200; Monroe pay $44,400 and police jury pay $19,736.
The second proposal has West Monroe paying $6,000, Monroe paying $23,400, and police jury paying $19,736.
"We talked last year about trying to resolve this, and at this point we haven't," said Monroe Mayor Jamie Mayo. "So I would recommend that myself, Mayor Norris and Mr. (Shane) Smiley (Ouachita Police Jury president) review these two proposals and any other proposal and put it on the agenda for the end of the month."
Norris asked Huffman to develop another proposal where the three governmental entities split the deficit three ways to give OCOG enough money to have $20,000 in its fund balance.