After a 40-minute wait for enough members to form a quorum, the Central Abaco Council held its final meeting for this fiscal year ending June 30. Those attending were upset with those members who fail to honour their commitment of several hours a month to serve their community. Council members are chosen by the Town Committees and can be recalled and be replaced with another Town Committee member. The chairman will discuss this with the various Town Committee chairmen.
The agenda was mainly taken up by looking at remaining funds and how they should be disbursed. All money remaining at the end of the fiscal year must be returned to the Treasury. Councils and Town Committees work to ensure that their bank balance is zero at the end of the fiscal year as returning money signals Central Government that too much was originally allocated and may result in a reduction the next year.
A few outstanding bills were authorized to be paid along with authorizing an Independence celebration banner. About $4,000 remained which was divided among the three townships for local use.
By mid-July Council should be aware of the funding Central Government will provide for the new fiscal year beginning July 1, 2013. When this figure is known, Council’s first priority is to apportion it among the three townships and itself.