Cannon County Industrial Development Board passed a detailed series of four policies Tuesday (June 4) designed to properly govern the agency in the future.
“They are policies this board will operate under now and in years to come,” explained Chairman Randall Reid.
The new policies set down budget making, investments, purchasing and accounting methods the IDB will use in the future. Drafted by IDB vice chairman Doug Bodary the policies are aimed at preventing problems the IDB has endured in the past.
Looking to the future, Reid and IDB member Dean More recently attended a meeting of the Upper Cumberland Development Commission to determine “what’s going on, what’s available for Cannon County,” Reid said.
“That really highlighted what we don’t have in this county, which is not something we can resolve tonight,” he continued.