Municipal Building Conference Room

Board Members Present: Chairman Josh Herring, Ervin Brock, Roy Campbell,

Ricky Smith, Earl Williams

Executive Director: Jack Smith

Staff: Tommy Layton, E911 Director; Fire Chief Joe Cole, EMS Shift Captains Tim Coram, Derrick Ogletree, & Debbie Carver, Volunteer Fire Coordinator James Hart, Julie Stripling, Secretary

News Media: Mark Brannan, WPAX

Chairman Josh Herring was delayed so former Chairman Earl Williams called the meeting to order and opened the Board of Director’s Budget meeting with prayer.

APPROVAL OF MINUTES

Roy Campbell made a motion to approve the minutes from the October 26th, 2000 Board meeting. The motion was seconded by Earl Williams. With all in favor, the minutes were approved.

RESOLUTION – BANC ONE LEASING

Executive Director Smith reviewed the interest rates received for the lease/purchase of the 7 fire trucks and ambulance. A Resolution is needed to accept the interest rate of 5.62 for a three-year term with no pre-payment penalty. Ervin Brock made a motion to a sign a resolution to accept the interest rate of 5.62 on a 3-year term with no pre- payment penalty. Ricky Smith seconded the motion. There was no opposition. The motion carried.

Ricky Smith made a motion to enter into a lease/purchase agreement with Banc One for a 3-year term at 5.62 with no pre-payment penalty for the ambulance purchase that was approved at the 10/26/00 Board meeting. Roy Campbell seconded the motion. All were in favor, the motion carried.

Ricky Smith then made a motion to purchase an additional ambulance for $70,350.00 (which is the same price paid by the County in 1998) on a lease/purchase 3-year term with Banc One at 5.62% interest with no pre-payment penalty. Roy Campbell seconded the motion. None were opposed, the motion carried.

Executive Director Smith explained the terms of the Lease/purchase and also stated that Banc One is very interested in giving proposals for real estate purchases, short-term financing (e.g. Line of Credit), and others.

Jack Smith presented the October 31, 2000 financial statement. We are under budget year-to-date by $22,842.10. He also stated in preparation for the 2000 audit, verification letters were sent out to 100% of the Accounts Payable accounts. From letters received, the recording of expenses proves to be in excellent shape.

2001 PROPOSED BUDGET

Each Department presented their proposed budgets for the year 2001.

With no further business to discuss, the meeting adjourned.