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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. |
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