Tax board accepts audit proposal

While the news that Summit Poultry was taking over the former Horizon Foods plant on West Second Avenue and had hired 100 people dominated the meeting, the Economic Development Corporation of Jefferson County took care of some other business when they met Tuesday afternoon.

The corporation was established to administer the three-eights cent sales tax approved by Jefferson County voters for economic development and is frequently referred to as the “Tax Board.”

The tax increase was approved in February 2011 and collections began in July of that year and have averaged close to $3.5 million per year.

Through September of this year, collections are down about $7,000 compared to a year ago, but Corporation Chairman George Makris said they still should reach the $3.5 million mark.

The tax is collected by the state and returned to the county about three months later.

In another matter, the corporation agreed to accept a $2,300 bid from Lovett & Co. Inc. to perform its 2013 audit, but decided that next year, they will advertise for proposals from CPA firms interested in doing the work.

Makris said Lovett & Co. has done the audits for the past two years at a fee of $2,000 per year, but indicated that they would increase that fee to $2,300 for the upcoming audit.

“They have a history with us and I’m not sure we could do any better next year but I think after three years, it’s a good time to request proposals,” Makris said.