Fannin County new hires will have a new retirement plan

Community, News

BLUE RIDGE, Ga. – The Fannin County Board of Commissioners (BOC) voted to update the county’s retirement plan at the March 27 meeting.

The current county retirement plan is one in which the county funds 100 percent. The plan is managed by ACCG Insurance and is based on stock market projections.

According to county Chairman Stan Helton, if the stock market does not perform well, the county must use more money to fulfill obligations required by the plan.

Post 1 Commissioner Earl Johnson expressed an opinion shared by fellow board members about the county’s current plan: “I feel like it’s unsustainable for our county to continue to do that.”

Fannin County, Blue Ridge, Georgia, Board of Comissioners, Chairman, Post 1 Commissioner, Post 2 Commissioner, Stan Helton, Earl Johnson, Larry Joe Sosebee, Finance Director, Robin Gazaway, Fire Station, E-911, Windy Ridge Road, Loan, Bonds, Retirement Plan, ACCG Insurance, 401A Defined Contribution Plan, Public Works Director, Zack Ratcliff, Road Work, Resurfacing, Snake Nation, Ridge Road, North Old Aska, Harrison & Ada, Old Loving Road, Mabry Lane, Wise Road, Wright Mill Road, Elrod, Blue Bird, Aster Lane, Old Chapel Road, Queen Avenue off of Galloway, Old Dial Road, Mobile Circle, Lowery Road/Brown Mill Road, Mount Herman Road, Hilltop Circle, Doublehead Gap Road, Cypress Lane, Old Skennah Gap Road, Devils Den, Budget 2018, Tax Assessors

BOC discusses and fine tunes new retirement plan.

The new plan is a 401A Defined Contribution Plan and works much like a 401K. County employees would be required to enroll in the plan and make contributions. The county itself would then match employee contributions up to a maximum percentage.

“We don’t intend to do anything that affects currently retired Fannin County employees,” Helton stressed during the discussion. “We also won’t do anything that is going to affect current county employees.”

The newly discussed retirement plan will only apply to new hires of the county. Those employees who have already enrolled in the county’s current retirement plan and employees who have already retired will not see any change to their benefits.

Helton feels that the effects of adopting a new retirement plan will not be seen immediately but will help to secure funds for those on the current plan and those who have already retired: “For a future board, we feel that it is going to be best if we take that liability, which has run anywhere from $700,000 to $800,000 a year, to fund that program.”

Johnson explained about the county’s current retirement plan, “There’s a reason these are going away. They’re not sustainable.”

Johnson looked over several angles before deciding to support the new plan. A main focus for him was whether or not a fully funded plan was a valuable recruiting tool to get top employees for the county.

After having given this idea much thought, Johnson concluded, “I thought that angle over and I just don’t think it’s a feasible, legitimate way of recruiting people.”

Johnson motioned to accept the retirement plan for new hires of the county, and Post 2 Commissioner Larry Joe Sosebee made a second. The BOC approved unanimously to move forward with the new plan.

The new county retirement plan will be effective July 1, 2018. New employees will be eligible to enroll six months after their hire date. There is no limit as to what an employee can put into the fund, and the county will match up to 4 percent of employees’ contributions.

Employees may withdraw their portion of funds contributed at any time. The county has the option to change percentage matched on an annual basis.

Public Works Director Zack Ratcliff was present at the meeting and presented the BOC with a current list of roads scheduled to have maintenance and be resurfaced in 2018.

Ratcliff reported that 12 roads were completed and three roads were omitted from the 2017 list.

Helton clarified that in 2018 “there are 10 new roads” that are scheduled to see work.

Previously, road work was scheduled by priority, but Ratcliff took a new approach and explained, “Those are in geographically, kind of, order because we don’t want to be taking this spreader and running from one end of the county to the other.”

By dividing the work into quadrants, the county will save time and money in completing projects.

Sosebee spoke of the new work plan, “I think it’s a wise choice.”

This year, the county also took into account which roads were on school routes.

“One road we had was a real safety issue for the school as well as us,” Helton said, describing this new consideration.

The following roads will have portions scheduled for maintenance:

Snake Nation, Ridge Road, North Old Aska, Harrison & Ada, Old Loving Road, Mabry Lane, Wise Road, Wright Mill Road, Elrod, Blue Bird, Aster Lane, Old Chapel Road, Queen Avenue off of Galloway, Old Dial Road, Mobile Circle, Lowery Road/Brown Mill Road, Mount Herman Road, Hilltop Circle, Doublehead Gap Road, Cypress Lane, Old Skennah Gap Road, Devils Den.

Ratcliff also asked the board to replace a Kubota tractor mower that has been deemed unusable. The new tractor, a Massey Ferguson, would come from Mason Tractor and is on a state contract, which gives the county a 6 percent discount.

The price tag for the new equipment is $22,710, which the board unanimously agreed to fund.

While present, Ratcliff sought permission from the BOC to approve surplus equipment to be sold online, which the board agreed to do. To date, county equipment sold online has brought in a revenue of $84,872.

Fannin County, Blue Ridge, Georgia, Board of Comissioners, Chairman, Post 1 Commissioner, Post 2 Commissioner, Stan Helton, Earl Johnson, Larry Joe Sosebee, Finance Director, Robin Gazaway, Fire Station, E-911, Windy Ridge Road, Loan, Bonds, Retirement Plan, ACCG Insurance, 401A Defined Contribution Plan, Public Works Director, Zack Ratcliff, Road Work, Resurfacing, Snake Nation, Ridge Road, North Old Aska, Harrison & Ada, Old Loving Road, Mabry Lane, Wise Road, Wright Mill Road, Elrod, Blue Bird, Aster Lane, Old Chapel Road, Queen Avenue off of Galloway, Old Dial Road, Mobile Circle, Lowery Road/Brown Mill Road, Mount Herman Road, Hilltop Circle, Doublehead Gap Road, Cypress Lane, Old Skennah Gap Road, Devils Den, Budget 2018, Tax Assessors

Points of Interest for the 2018 Budget.

Fannin County Finance Director Robin Gazaway presented the board with the latest county budget reports through the month of February.
This report shows that the county is currently $1,397,958 under budget.

“Everybody is under budget except for the tax assessors,” Gazaway explained of the report, “but most of that is the approval of the new vehicles that were received.”

Of the departments, Sosebee commented, “They are watching the budget real well.”

Johnson, also satisfied with the report, said that it is a positive sign that the departments are being frugal with their budgets.

“I would like to thank them for being frugal with the money rather than the opposite and seeing things strained,” Johnson added. “It shows good budgeting process.”

Discussions of funding the remaining balance of the new fire station and E-911 facility were also brought up, with Gazaway presenting the option of the county borrowing money from itself and eliminating having to pay interest and fees through a standard loan.

The commissioners agreed that borrowing money from the county’s general fund was the best option, but tabled the final approval for two weeks so that research can be done on how and when the county will be able to make repayment.

 

 

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Fannin County, Blue Ridge, Georgia, Board of Comissioners, Chairman, Post 1 Commissioner, Post 2 Commissioner, Stan Helton, Earl Johnson, Larry Joe Sosebee, Finance Director, Robin Gazaway, Fire Station, E-911, Windy Ridge Road, Loan, Bonds, Retirement Plan, ACCG Insurance, 401A Defined Contribution Plan, Public Works Director, Zack Ratcliff, Road Work, Resurfacing, Snake Nation, Ridge Road, North Old Aska, Harrison & Ada, Old Loving Road, Mabry Lane, Wise Road, Wright Mill Road, Elrod, Blue Bird, Aster Lane, Old Chapel Road, Queen Avenue off of Galloway, Old Dial Road, Mobile Circle, Lowery Road/Brown Mill Road, Mount Herman Road, Hilltop Circle, Doublehead Gap Road, Cypress Lane, Old Skennah Gap Road, Devils Den, Budget 2018, Tax Assessors

Author

Natalie Kissel

Natalie@FetchYourNews.com

Board of Commissioners agree on new option for fire station funding

Fannin County EMA/EMS, News

BLUE RIDGE, Ga. – Fannin County Finance Director Robin Gazaway presented the Board of Commissioners (BOC) with a new option for financing the remaining balance of the new Fire Station One and E-911 center being constructed on Windy Ridge Road.

At the Feb. 27 BOC meeting, discussion was brought up about how to finance the remaining balance to construct this new facility.

“We knew we would have to borrow some funds,” Helton said at this meeting. “We felt that we could finance out of pocket about 75 percent.”

Fannin County, Blue Ridge, Georgia, Board of Comissioners, Chairman, Post 1 Commissioner, Post 2 Commissioner, Stan Helton, Earl Johnson, Larry Joe Sosebee, Finance Director, Robin Gazaway, Fire Station, E-911, Windy Ridge Road, Loan, Bonds

Construction continues at site of new Fannin County fire station and E-911 center.

The BOC, under former county commission Chairman Bill Simonds, had agreed to a budget of $2.5 million to complete this project, but bids came in higher than projected.

Fannin County Chairman Stan Helton explained, “We really didn’t know until we got the bids last year, there were two of them, and we didn’t open those bids, I believe, until the last meeting in May, and the low bid with all the factors in there was $3 million. Almost exactly that number.”

“It’s not that we spent more money. We just did a contract that was a little bit more money than they had originally estimated it was going to cost,” Gazaway further clarified.

At the February BOC meeting, Gazaway revealed that she had been looking into possible ways to finance the difference between the approved amount and the contract and told commissioners that she had been in contact with bond companies for possible loan information.

Post 1 Commissioner Earl Johnson made it very clear that for him this was not an option: ““I’m not in favor of getting a bond.”

After more research, Gazaway presented the BOC at the March 27 meeting with an interest-free loan option. This option would essentially allow the county to borrow money from itself via the general fund.

“Legally, the auditors have approved this,” Helton said of the new loan option.

To complete the project, the county would need to borrow approximately $650,000 from the general fund. By going this route, Gazaway explained that it would save the county roughly $100,000 in interest and an additional $30,000 in fees.

Post 2 Commissioner Larry Joe Sosebee pointed out that the need to come up with the extra funding is more urgent since the completion date of the project is expected to be June of this year, and the initial completion date was scheduled for September or October.

“This is far and above the best option we have to finish the station,” Helton shared his thoughts with the board.

“I think the only way to do it is interest-free,” Johnson agreed, “and we are using the county’s money to build a county facility while maintaining our fund balance.”

Johnson stressed that paying back the loan and balancing county funds would need to be a priority in this transaction.

All three commissioners expressed favor for pursuing this option but tabled the item for an additional two weeks to allow more research to be done on ways in which the loan will be repaid.

 

Fetch Your News is a hyper local news outlet that attracts more than 300,000 page views and 3.5 million impressions per month in Dawson, Lumpkin, White, Fannin, Gilmer, Pickens, Union, Towns and Murray counties as well as Cherokee County in N.C. FYNTV attracts approximately 15,000 viewers per week and reaches between 15,000 to 60,000 per week on our Facebook page. For the most effective, least expensive local advertising, call 706-276-6397 or email us at advertise@FetchYourNews.com

Author

Natalie Kissel

Natalie@FetchYourNews.com

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