Martin selects audit firm, approves projects

Martin selects audit firm, approves projects

Improvement was the hot topic during a Martin Board meeting held Monday evening as aldermen approved funding options for various city projects.

The first item of business for board members was holding true to an agreement reached eight years ago to rotate between two accounting firms every four years for the purpose of the city’s audit. Reese Financial was chosen to handle the city’s audit for the upcoming year.

In resolution news, board members approved the following: 

• A resolution authorizing the issuance of interest-bearing capital outlay notes not to exceed $350,000 to finance public works projects consisting of infrastructure improvements to streets and roads and the acquisition of property (real and personal);

• A resolution authorizing the issuance of interest-bearing capital outlay notes not to exceed $208,500 for the purpose of acquiring the former elementary school to be used as a community center, acquiring and equipping vehicles for the police department and renovation of the police department building;

• A resolution authorizing the issuance of interest-bearing vehicle acquisition capital outlay notes not to exceed $111,000 for the purpose of obtaining vehicles for the public works department.

Each of the budget resolutions passed unanimously and with little discussion. The board of mayor and aldermen will meet again at 5:15 p.m. on March 8.

wcp 2/15/11

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