Archbold, OH
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Council Talks Finances; Paramedic Fund Near Half-Million Dollars




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The Village of Archbold has a general fund balance of $993,000, but the bulk of that money is restricted to the Archbold paramedic program.

Dennis Howell, Archbold village administrator, asked Joan Lovejoy, village finance director, about the general fund balance, which she said is about $993,000.

But when he asked her how much of the money was in the paramedic fund, she said the total was $455,000. Roughly 46% of the village general fund balance is in the paramedic fund.

That means the available general fund balance is $538,000.

Howell said money in the paramedic fund is generated by a county property tax levy. Fulton County contracts with the village to provide paramedic service to western Fulton County.

He said Andy Brodbeck, Archbold Fire Department chief who oversees the paramedic program, “has been good about holding expenses down,” and as a result, the paramedic fund has built a cash balance.

The money can only be spent for equipment and/or personnel related to the paramedic program, Howell said.

He said the village will continue to allow the fund balance in the paramedic program to build in preparation for future expenses.

In other financial news, Lovejoy told council the village just received its share of property tax revenue for the second half of the year, and she noted the amount is $66,000 more than the village received last year.

Also, she told council members the village books show a $4 million expense in the wastewater treatment plant fund.

The money, she said, is to pay off debt on the wastewater treatment plant renovations. The village refinanced $3.9 million of the debt.

Council approved transferring $2.5 million from the income tax fund to capital projects to pay for ongoing capital projects, Howell said.

Jeff Fryman, chairman of police and fire committee, said the committee recently granted permission to Martin Schmidt, Archbold Police chief, to begin gathering quotes for a new police vehicle.

Fryman said one APD vehicle is five years old. He said next year, the committee wants to develop a replacement schedule for police vehicles.

Storm Sewers

Ed Leininger, council president, asked several questions concerning financing storm sewers.

“When we do a storm sewer, can we recoup the cost?” Leininger asked of Howell.

Howell said the village builds an outlet for storm water, such as a storm sewer. When someone taps into the storm sewer, they pay a share of the outlet cost.

Village officials and council members also discussed the village’s traditional financing scheme for financing new streets for development.

Howell said the village sells bonds to finance new streets through the sale of bonds.

The bonds are repaid by special assessments placed on individual lots along the new street.

Leininger asked if the debt on development projects could be restructured; Howell said it would be difficult, because the bonds used to finance the improvements are not “callable bonds,” meaning they cannot be paid off early.

Howell said he wasn’t sure if callable bonds could be used to finance improvements.

Executive Session

Council members met in executive session for about 20 minutes.

Stated purposed for the closed-door meeting was real estate matters.

No action resulted from the executive session.

All council members were present; all votes unanimous. the next meeting is Monday, Nov. 5, 7 pm, in council chambers.- David Pugh


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