Highlights from the Seabrook Island Town Council Meeting on June 28, 2016:
Carl Simmons, Charleston County Building Services Director, presented a plaque to Mayor Ciancio to commemorate the Town’s graduation to the next level in the National Flood Insurance Program’s Community Rating System (CRS). (Improvements in CRS ratings, which are tied to community performance in activities for Public Information, Mapping and Regulations, Flood Damage Reduction, and Warning and Response, lead to increasingly higher discounts on the price of Flood Insurance for a town’s citizens.)
The Town of Seabrook’s new Class 5 rating means that approximately $200,000/year, somewhat more than in the recent past, will be returned to residents in the form of discounts on their Flood Insurance policies. (Take a look—Flood Insurance policies clearly display the amount of the CRS Discount in the “Premium Calculation” section.)
Next, Erik Glaser of Glaser+Company CPAs presented results of the Town’s 2015 Financial Audit. He said the audit concluded that there were no control weaknesses or recommendations to be made, adding that this “unqualified” conclusion represents the highest level of assurance regarding the Town’s fiscal operations and its controls for “oversight, prevention, and detection” of potential problems. Mayor Ciancio and the Council will review the report and, upon approving it, decide on an approach for making the information publicly available. Continue reading “Highlights from Town Council Meeting of June 28th”
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