Fiscal Court approves jail services agreement, equipment purchases and large certificates of deposit
March 04, 2026 | Franklin County, Kentucky
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Franklin County Fiscal Court approved a series of financial and contracting measures at its Feb. 28, 2024 meeting, including an agreement with The Compass Center for services at the Franklin County Regional Jail and several actions intended to improve the county's cash management.
Squire Scotty Tracy moved and Squire Eric Whisman seconded approval of an agreement with The Compass Center for the Franklin County Regional Jail; the motion passed with Squires Sherry Sebastian, J.W. Blackburn, Kelly Dycus, Scotty Tracy, Richard Tanner, Eric Whisman and County Judge/Executive Michael Mueller voting in favor. The transcript records no opposing votes.
The court also authorized the purchase of two vehicle lifts through the State Master Agreement from Chico Equipment LLC for the new Road facility after a motion by Squire Sherry Sebastian, seconded by Squire Scotty Tracy. That motion likewise passed unanimously.
On banking and investments, the court authorized an agreement with Wesbanco to guarantee public deposits greater than the $250,000 FDIC limit in accordance with KRS 41.240; the authorization covers deposits from March 1, 2024 through Feb. 28, 2029. The court then voted to have the treasurer open three certificates of deposit to "improve investment earning": a Traditional CD for $3,000,000.00, a Wesbanco CD for $5,000,000.00, and an Independence CD for $3,000,000.00. Those motions were moved and seconded as recorded in the minutes and passed with all members recorded as voting in favor.
The court approved Budget Transfers as amended and voted to receive the Treasurer's Report. The transcript indicates no motions to deny claims and records bills ordered paid.
Several items on the agenda were tabled, including approval of the Feb. 15, 2024 regular meeting minutes and authorization to purchase a 2023 Dodge Durango through the State Master Agreement from Don Franklin Somerset for the jail; the court did not vote on those items at this meeting.
The meeting record shows unanimous roll-call support for the recorded motions. The court adjourned at 8:14 p.m.
Squire Scotty Tracy moved and Squire Eric Whisman seconded approval of an agreement with The Compass Center for the Franklin County Regional Jail; the motion passed with Squires Sherry Sebastian, J.W. Blackburn, Kelly Dycus, Scotty Tracy, Richard Tanner, Eric Whisman and County Judge/Executive Michael Mueller voting in favor. The transcript records no opposing votes.
The court also authorized the purchase of two vehicle lifts through the State Master Agreement from Chico Equipment LLC for the new Road facility after a motion by Squire Sherry Sebastian, seconded by Squire Scotty Tracy. That motion likewise passed unanimously.
On banking and investments, the court authorized an agreement with Wesbanco to guarantee public deposits greater than the $250,000 FDIC limit in accordance with KRS 41.240; the authorization covers deposits from March 1, 2024 through Feb. 28, 2029. The court then voted to have the treasurer open three certificates of deposit to "improve investment earning": a Traditional CD for $3,000,000.00, a Wesbanco CD for $5,000,000.00, and an Independence CD for $3,000,000.00. Those motions were moved and seconded as recorded in the minutes and passed with all members recorded as voting in favor.
The court approved Budget Transfers as amended and voted to receive the Treasurer's Report. The transcript indicates no motions to deny claims and records bills ordered paid.
Several items on the agenda were tabled, including approval of the Feb. 15, 2024 regular meeting minutes and authorization to purchase a 2023 Dodge Durango through the State Master Agreement from Don Franklin Somerset for the jail; the court did not vote on those items at this meeting.
The meeting record shows unanimous roll-call support for the recorded motions. The court adjourned at 8:14 p.m.
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