Kaitlyn Clay, Staff Writer, [email protected]
The Harrison County Council, during its meeting Monday night, received an update from the Harrison County Community Foundation about what projects it is currently working on and a financial update.
Derrick Grigsby, chief financial officer of the HCCF, shared that, while it has been a rough financial year for the Foundation, like most organizations due to COVID-19, he is pleased to see they are sailing their ship in the right direction and hope to end the year on a positive note.
He shared that, as of the end of the third quarter on Sept. 30, the community fund for the HCCF had a little more than $23 million available to spend and the Foundation had received about $492,090 from casino fund transfers.
Grigsby was especially proud to report that the quarterly performance was at 4.42%, which brought the Foundation’s overall year-to-date performance to -4.28%. This is a big contrast to the first-quarter performance rate, he said, where the HCCF was down more than 20%.
“The markets have been very volatile, and a lot like a roller coaster, this year,” Grigsby said. “I’m hoping with the election season settling down and with positive news about a potential COVID vaccine that this will keep things in the right direction for us.”
Julie Moorman, president/CEO of the HCCF, also updated the council on a grant the Foundation received from Lilly Endowment Inc.
The implementation grant, which is a follow up to the planning grant that was previously received, will allow Moorman to help the 10 incorporated towns in Harrison County create or update asset management plans. The goal, according to Moorman, is to create these plans to help the towns leverage more funding and be better equipped to apply for grants.
Also during the meeting, Zach Stevens, of Mainstream Fiber Networks, updated the council on progress and future plans for Harrison County. Like he told the county commissioners the previous week, Mainstream’s plan is to service 3,000 Harrison County households by the end of the year. He also noted the company has no intention of leaving the county and intends to keep Harrison County a permanent base for the company.
The council all agreed it was nice to have Stevens at the meeting, and now as a permanent Mainstream contact, to go over any questions or concerns they may have throughout the partnership.
“I really appreciate the creation of your position,” Councilman Donnie Hussung said. “It’s no secret prior to tonight that there was a disconnect between Harrison County, the Foundation and Mainstream. I appreciate your efforts and am excited for the partnership to get better between us all.”
In other business, the council unanimously approved other services and charges of $52,000 for the Heth-Washington Fire District; $50,000 of those funds would be to continue work on the firehouse at Mauckport. The remaining money will be used to correct an error in the budget request.
At the end of the meeting, council member Jennie Capelle suggested the board take a look at the communication technology being used, from the televisions used to display to the audience and the board to the audio and video recordings being used for the public who can’t attend the meetings to watch online.
These suggestions stemmed after maps from Stevens’ presentation were unable to be seen correctly due to the coloring being off on the screens during the meeting. Capelle suggested the possibility of live-streaming the meetings or at least updating equipment.
The council’s next meeting is scheduled for Monday, Nov. 23, at 7 p.m. at the government center in Corydon.
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November 11, 2020 at 08:51PM
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HCCF reports ship sailing in right direction – Corydon Democrat - Corydon Democrat
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