It will now cost $650 to install a water meter at new construction sites in the Village of Folsom. The Folsom Board of Aldermen approved the new fee at its March 12 meeting.
With Mayor Lance Willie’s encouragement, aldermen took action because the old fee of $350 covered less than half of the actual installation cost, which can reach as much as $1,000, including the cost of the meter and a contractor's labor to install it.
The new fee still does not cover the entire cost, but it is more in line with what other parish municipalities charge, according to village staff research.
Elsewhere on the agenda, aldermen received the audit of the village’s fiscal year ended June 30, 2017, during the administration of Mayor Bettye M. Boggs. The audit was performed by the Mandeville accounting firm of Griffin & Furman, LLC.
The audit shows that general revenues and transfers of $931,707 exceeded expenses of $688,139 by $243,568. Water, sewer and garbage revenues totaled $364,083, exceeding expenses of $362,150 by $1,933, though the sewer fund itself operated at a $26,983 deficit. All funds ended the year with positive balances.
Within the scope of their examinations, auditors did not find any material weaknesses in the village’s internal financial controls. They did, however, recommend several ways in which the village’s accounting procedures could be improved, all of which were acknowledged by village management.
The entire audit report is available on request from the village office.
Aldermen also voted to renew the village’s health insurance contract with Blue Cross after learning that premiums would increase by just 3 percent.
The board also learned that the village’s garbage hauler, Team Waste, had been acquired by Waste Management, Inc. Waste Management municipal marketing manager Warren Guedry told aldermen that service days would remain unchanged, and promised that the level of service would be equal to or better than that provided by Team Waste.