Sat, May 17 2008
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Published May 06, 2008 05:14 pm - County Treasurer’s request to consider other options overruled Helm, Thacker vote to cover debt By JOY HAMPTON
Rogers County commissioners voted Monday to move $666,666 from a certificate of deposit to cover an outstanding paving bill in District 3. District 1 County Commissioner Dan DeLozier was the solitary “nay” vote in Board action. The certificate of deposit is held by the County Treasurer’s office. Cathy Baker, county treasurer, cautioned commissioners that the action may not be legal. The fund transfer is needed to cover the shortage created by money management problems in District 3 under Commissioner Kirt Thacker’s charge. Thacker said Monday he is short $600,000 in his one-cent road tax account and wants to borrow from future funds to pay an outstanding asphalt debt owed to APAC Oklahoma Inc. Legal council, Assistant District Attorney Barry Farbro is investigating the legality of cashing that CD early. He said he received the written request for an opinion last week and was still gathering facts. “I couldn’t recommend releasing the full amount,” said Farbro. He suggested contacting the taxpayer (Latshaw Drilling) to get a waiver or release. Last August, the tax commission and the state auditor’s office advised holding the funds until the tax protest period had passed. Farbro said that period is three years. Farbro told commissioners in the case of an emergency the Board could authorize the release of Thacker’s share. “I need more than my share,” said Thacker. He turned to County Purchasing Agent Marilynn Gibson for confirmation. “Around $600,000 give or take,” said Gibson. Thacker said he needed all three shares, $666,666 but that he would pay it back. Baker asked the Board to consider other options. “Let’s pretend the money wasn’t there, what would the county do?” said Baker. “Why not borrow from each other? If you gentlemen have the money, why not spend it?” 
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