LOCAL GOVERNMENT

Financial policy and how best to track and spend public money will be a focus Tuesday for the Killeen City Council on Election Day.

As the council takes its next steps toward increased accountability, council members and city staff will look to track the implementation of 26 financial recommendations from Houston-based McConnell & Jones, the accounting firm that completed a city management audit Sept. 5.

According to a city presentation, the “basic framework for the fiscal management of the city” will be discussed, as well as an assortment of local and state laws and policies for evaluating current financial activities, proposals for future programs and to ensure a positive fiscal outlook.

The council will consider two options for refunding $30,295,000 in outstanding bonds, which will save the city $2.2 million over the life of the bonds, according to a city memorandum.

The recommended option can accomplish the savings without extending the term of the debt, the memo said.

The council also will consider revenues from passenger and facility charges, as well as a grant, to cover several improvement projects at the Killeen-Fort Hood Regional Airport. There is no negative impact to the airport operating fund because the grant produces 90 percent of the funding and the PFC money produces 10 percent, a city memo said.

Funding will be available as follows: $540,000 in the Airport Improvement Project grant; $1.33 million for Passenger Facility Charge projects; and $1.6 million for Customer Facility Charge projects. A budget amendment is required.

Additionally, an agreement with Garver LLC will be considered in the amount of $599,400 for design, bidding, administration and construction of passenger boarding bridges at the airport. The city memo said this too will have no negative impact on the airport fund.

In other business the council will consider: updating ride-sharing regulations on taxi companies and amending local city ordinance, and a Rosewood Drive extension/Heritage Oaks Hike and Bike Trail right-of-way acquisition.

The workshop begins at 5 p.m. at the city Utility Collections’ Building, 210 W. Avenue C.

Go to http://bit.ly/2hGjSIj for more information and to read the agenda.

asierra@kdhnews.com | 254-501-7463

(5) comments

Alvin

This is the personal opinion of this writer.

To me this is a subject that touches on 2 different articles on the same topic; what is our city council going to do about the financial structure of the city of Killeen, Texas. Is it to be explained away by financial counseling of what is best for the city of Killeen, Texas or maybe it will be explained away be the flood of dense smoke that continual emanates from these council chambers, or maybe 'by a secret meeting' in which there is no recorded minutes of the meeting and just dropped with a thud in chamber to never be heard about again.

I will ask that the council persons ask questions that pertain to this question and I will also ask that the council persons refrain from delimiting any questions that an individual asks. Each member of this council has a right to be heard so speak up and respond to this council.

I would suggest that the question of the formation of a mini council, 4 to 3 voting, be in comparison to the super majority be in order, 6 to 1, be enforced in this council as I don't think the council was in order in that the vote was taken as to there not being a vote of this council, in open session, as to the validity of the suggestion in the first place.

This has been the personal opinion of this writer and nothing shall be used, in context or without or changed in any way without first notifying, and receiving explicit approval from this writer.
One of the 4.58 % who voted.

eyewatchingu

"The Walrus and the Carpenter"

The walrus and the carpenter
Were walking cross the land
The beach was wide from side to side
But much to full of sand
"Mr Walrus," said the carpenter,
"My brain begins to perk
We'll sweep this clear and in a year
If you don't mind the work."
"The time has come," the walrus said,
"To talk of other things
Of shoes and ships and ceiling wax
Of cabagges and kings
And while the see is boiling hot
And wheather pigs have wings
Kaloo Kalay no work today
Were cabbages and kings"
Oysters, come and walk with us
The day is warm and bright
A pleasent walk
A pleasent talk
Would be a shear delight
(Yes and perhaps if we get hungery on the way
We coul stop and ah, have a bite!!)
But mother oyster winked her eye
And shook her weary head
She new too well it was much to soon
To leave her oyster bed
"The see is nice
Take my advice
And stay right here" mom said
The time has come my little friends
To talk of other things
Of shoes and ships and ceiling wax
Of cabbagges and kings
And while the sea is boiling hot
And wheather pigs have wings
Kaloo Kalay come run away
With the cabbagges and kings
Now ah, let me see
Ah!! A loaf of bread is what we cheerly need
(And how about some pepper, salt and vinagar?)
Ah yes yes of course of course
Now oysters dear, if you are ready
We shall begin the feed
(FEED!!)
Oh yes ah, the time has come my little friends
To talk of food and things
(Of pepper corns and mustard seeds
And other seasonings
We'll mix 'em all together
In a sauce that's made for kings
Kaloo Kalay we'll eat today
Like cabbagges and kings!!)
I, I wait for you I, oh excuse me
I deeply simplisize
For I've enjoyed you company
Oh much more than you realize
"Little oysters, little oysters??"
But answer there came none
And this was scarcly all because
They'ed been eaten
Every-one
THE TIME HAS COME!!!!
Were cabbagges
And kings!!!!
The End

THUGNIFICENT KILLED ME

Dog & pony show, nice dog, pretty pony.
Look dog can bark.
Oh my, pony can prance.
Can the dog dance?
Don't be silly, Billy.
The dog can't dance, but the pony can prance.
Mother loves dog and pony show.
Brother loves dog and pony show.
Father is busy working.
He can't go to dog and pony show.
Pony can run fast.
Dog is not as fast as pony.

eyewatchingu

THE GREEDY POLITICIANS

a poem by Ademoroti, Phebean , Nigeria
They promised heaven and earth while campaigning
And vowed to put an end to people 'complaining'
They begged to be voted for by all
And are always at people's beck and call
They became people's friends all of a sudden
And sworn to bear their personal burden
Men of timbre and caliber are cajoled
The poor and needy ones are consoled
They pretended to be consumed by people cause
When actually fighting for their own purse
Fools are employed for sleepless nights
And greedy ones sell their voting rights
After election, promises are forgotten
And ministerial appointment given their begotten
They bit the finger that fed them
And promised a better second term.

Alvin

This is the personal opinion of this writer.

This is a joke isn't it:

Copy: 'Financial policy and how best to track and spend public money will be a focus Tuesday for the Killeen City Council on Election Day.' End of copy.

This city just spent almost $400,000.00 on an audit and now there is going to be a city council meeting on 'how to spend the city's money'. Haw, Haw, Haw.

Now this city is going to go through 'methods of responsible refinance. In my opinion, this city is following in the footsteps of Mr. Morrison, our last city manager, try to find ways of creative management and it cost this city millions.

Copy: 'The council will consider two options for refunding $30,295,000 in outstanding bonds, which will save the city $2.2 million over the life of the bonds, according to a city memorandum.'

Continuation of copy: 'Funding will be available as follows: $540,000 in the Airport Improvement Project grant; $1.33 million for Passenger Facility Charge projects; and $1.6 million for Customer Facility Charge projects. A budget amendment is required.'

Continuation of copy: 'Additionally, an agreement with Garver LLC will be considered in the amount of $599,400 for design, bidding, administration and construction of passenger boarding bridges at the airport. The city memo said this too will have no negative impact on the airport fund.' End of copy.

This city just finished a budget for the fiscal year starting October 1, 2017 and running through September 30, 2018 and we are already wanting to implement changes to the budget,

Why wasn't these changes to the budget considered in the formulation of the proposed city budget that was agreed to just about a month ago???? What changed???? This city did not know of these changes that will require city action and changes to the budget????

Copy: 'In other business the council will consider: updating ride-sharing regulations on taxi companies and amending local city ordinance, and a Rosewood Drive extension/Heritage Oaks Hike and Bike Trail right-of-way acquisition.' End of copy.

This is another example of 'creative financing', or how to spend the city's money ineffectively. You know this city is already on the hook for a multi million dollar water infrastructure, now the KEDC is planning on what I consider a money loosing adventure into a chemical company operation in which the KEDC has extended to this company a cost reduction of city tax money, and now this city is wanting to ammend local ordinances for a 'Drive extension/Heritage Oaks Trail right-of-way acquisition'. Where is the money supposed to come from???? It wasn't considered in the budget was it, land acquisition for a bike trail that will only benefit some of the citizens, not all of them.

This has been the personal opinion of this writer and nothing shall be used, in context or without or changed in any way without first notifying, and receiving explicit approval from this writer.
One of the 4.58 % who voted.

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