Paris, TN – At the October meeting of the Board of Public Utilities (BPU) Board of Directors, the Board voted to approve the Fiscal year 2019 audits prepared by Alexander Thompson Arnold for both the BPU and the BPU Trust (Roundup). The utility has a long history of clean audits that showcase the utilities commitment to being fiscally responsible.
“At BPU, we place a great emphasis on fiscal responsibility,” said BPU General Manager, Terry Wimberley. “I am pleased that we can once again report no findings on our annual financial audit. Our dedicated and competent accounting team deserves much credit for their diligent work throughout the year.””
Following the vote to approve the audit, the Board also approved a motion to retail Alexander Thompson Arnold, PLLC to prepare the audit for Fiscal Year 2020.
The Board also approved the purchase of a 2020 Altec Digger Derrick to replace truck #109. Wimberley noted that purchase is on the utility’s normal replacement schedule and the current truck, #109 has accumulated costly repairs in recent months.
At the October meeting of the Board, bid opening for the Jones Bend Sewer Replacement took place. There were three bids placed for the project ranging from $1,534,197 to $2,402,727. The bids were thoroughly evaluated by Jacobs Engineering and BPU. The board approved Wimberley’s recommendation to accept the low bid of $1,534,197 from Barsto Construction from Huntingdon, TN.
In normal quarterly business, the Board approved a quarterly write-off of delinquent accounts in the amount of $8,260.54.
Wimberley, Board Chairman-David Flowers and Butch Powers serve as the advisory committee for the BPU Revolving Loan Fund and brought the Board a request to approve a $75,000 loan to the Paris Henry County Industrial Committee to purchase two fishing boats outfitted to handle the removal of Asian Carp from Kentucky Lake. The board approved the motion.
Finally, the Board approved the motion to participate in the Property Conservation matching Grant Program.
The November meeting of the Board will take place on Tuesday, November 26.
About BPU – Established as an independent board of the City of Paris in 1938, BPU is a municipally-owned utility that provides electric, water and wastewater services to residents of Paris and Henry County as a means of promoting economic development and enhancing quality of life in the community. Serving over 22,000 homes and businesses, BPU strives to provide reliable, safe and affordable services to our community.