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GASB to affect pension reporting

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When it comes to reporting items involving pensions for employees, city financial statements will be getting a new look.The government accounting standard known as GASB (Government Accounting Standard Board) has implemented a new government pension reporting standard that will require local and state government entities that provides their employees with pension plans to begin reporting pension liabilities and expenses.When asked, many of those involved are unsure of the effect this will have on the borrowing abilities of city government. Governmental Affairs Communication Manager for the Kentucky League of Cities, Tyler Campbell said there is no evidence at this time to say that this will impact the ability for local cities in Kentucky to borrow money.


Today in History

By the Associated PressToday is Wednesday, August 20, the 232nd day of 2014. There are 133 days left in the year.Today’s Highlights in History:On August 20, 1914, German forces occupied Brussels, Belgium, during World War I.On this date:In 1833, Benjamin Harrison, 23rd president of the United States, was born in North Bend, Ohio.In 1866, President Andrew Johnson formally ...

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Don’t sleep on Bobcats in 2014

There’s no two ways about it, last season was a rare rebuilding year for the Bell County Bobcats. They lost five games for the first time since the year 2000, fell to rival Middlesboro for the first time since 1997 and had their impressive streak of district wins snapped at 31 with 41-6 loss at Wayne County.But folks who think that 7-5 finish was the start of a trend need to think again. Bell County had graduated an especially large senior class and returned very little in th...

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Railsplitters 4th in SAC soccer poll

ROCK HILL, S.C. — The Railsplitters were predicted to match last season’s fourth-place league finish in the South Atlantic Conference men’s soccer preseason coaches’ poll, which was unveiled by SAC officials on Tuesday. Along with the results of the coaches’ poll, the league office announced the preseason All-SAC teams with Yuri Passos (Rio de Janeiro, Brazil), Leonardo da Silva (Itajuba, Brazil), George Burne (Carlisle, England) and Marcel Barwanietz (Berlin, Ge...

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Towles named UK’s starting QB

LEXINGTON (AP) — Kentucky coach Mark Stoops has named redshirt sophomore Patrick Towles as the Wildcats’ starting quarterback, addressing the team’s biggest question since last spring.Stoops first tweeted out his decision before Monday morning’s practice, then said afterward, “Truth is, he won the job. It was close. He just won out over the other quarterbacks.”

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Arrest Records

The following individuals were recently lodged in the Bell County Detention Center:• Tammy Berry, 44, of Middlesboro, giving officer a false name or address and was served a bench warrant;• Alvin Brock, 53, of Pineville, was served a bench warrant;• Bobby Winston Brooks, 61, of Middlesboro, operating a motor vehicle under the influence;• David Lee Brooks, 25, of Middlesboro, was served a bench warrant;• Tim D...

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Ellen Myers open house

Photo submittedParents and students received the red carpet treatment as they premiered the new school year at Ellen Myers. In addition to refreshments, parents and students attended a program on Internet safety. Principal Karen Fultz introduced new teachers and explained changes that have been implemented this year. The night ended with shopping fun at the book fair.

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Community Calendar

To place an announcement in the Community Calendar, email: bmoore@civitasmedia.com; fax: 606-573-0042 attention Bethany Moore; or drop a written copy of the announcement by our office at 120 North 11th Street, Middlesboro (behind Food City). Announcements should be submitted no later than four days before the event. If information is received in time, it will be published one or two days before the event. Announcements will not be accepted by phone. For more information, call 606-909-4145...

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CEO of bankrupt oil company sentenced in scheme

LOUISVILLE (AP) — The CEO of a bankrupt southern Kentucky oil company was sentenced Tuesday to nearly three years in prison for scamming investors into giving him money for three oil partnerships in Kentucky and Tennessee.Young Oil executive Anthony L. Young of Knob Lick did not speak during the 30-minute hearing in U.S. District Court in Louisville. He pleaded guilty in March to defrauding investors in both states.

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PA Class of 2014 celebrates graduation

HARROGATE, Tenn. — The Class of 2014 of the Physician Assistant Program at Lincoln Memorial University-DeBusk College of Osteopathic Medicine (LMU-DCOM) celebrated its commencement on Aug. 9, at the Tex Turner Arena on the LMU main campus in Harrogate, Tenn.Dr. Stanley J. Kurek Jr., chief of trauma, acute care surgery and surgical critical care for Lawnwood Regional Medical Center in Ft. Pierce, Fla., delivered the commencement address.The physician assistant profe...

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Gap to host 50s cruise-in

If you host it, they will come. Cumberland Gap’s second Saturday in the month event for September is expected to have many pulling out their poodle skirts, rolling a pack of cigarettes into a sleeve and donning their oxfords to commemorate a music legend.Event coordinators appear to be hedging their bets on enough Elvis Presley fans to make the Elvis/50s Cruise-In Night a hit.Fifties-themed music, dancing, classic automobiles and enough Elvis look-alikes to satisfy...

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Community Trust Bank presents scholarships

In keeping with their slogan “Building Communities…Built on Trust,” each year Community Trust Bank assists local graduating seniors in continuing their education. The 2014 recipients have been announced. Abishek Singh, of Middlesboro High School, accepts his scholarship from Tim Helton, Bell County Market president. Singh will attend the University of Kentucky.Marina Martin, of Gateway, accepts her scholarship from Vanessa Dixon, teller/CSR at the Middlesboro down...

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Groups try to stave off cuts at Fort Knox

FORT KNOX (AP) — Central Kentucky officials are in the final stages of a letter-writing campaign to oppose potential cuts at Fort Knox.The Army has said that the post could lose 4,100 soldier and civilian jobs if maximum cuts are reinstated in 2016.The News Enterprise reports the Hardin County Chamber of Commerce One Knox Policy Council partnered with the CORE Committee to raise awareness about the possible cuts and get people to write letters or digitally sign one...

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News in Brief

5K gallons of fuel oil spill into Ohio RiverCINCINNATI (AP) — An estimated 5,000 gallons of fuel oil spilled into the Ohio River about 20 miles southeast of Cincinnati.A Duke Energy official says the spill happened late Monday night at one of its substations in New Richmond.Duke Energy spokeswoman Sally Thelen says the spill occurred during a fuel transfer and lasted 10 to 15 minutes before it was stopped.An official with the ...

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More jobs available, many paying less

Two new reports are out this week that, taken together, provide a pretty good picture of how the U.S. labor force has fared since the economic recovery began in June 2009.On Monday, the U.S. Conference of Mayors released a report, prepared by IHS Global Insight, noting that U.S. payroll employment reached an all-time high this spring, finally surpassing the prerecession peak of 138.4 million jobs, reached in the first quarter of 2008.Then, the Labor Department reported T...

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McConnell, Grimes set to appear together on KET

LOUISVILLE (AP) — U.S. Senate Minority Leader Mitch McConnell and his Democratic challenger, Alison Lundergan Grimes, will meet for a high-profile debate on statewide television about three weeks before Kentucky voters decide one of the nation’s most closely watched campaigns.McConnell agreed Monday to the Oct. 13 appearance with Grimes on Kentucky Educational Television, said KET Executive Director and CEO, Shae Hopkins. Grimes, who is Kentucky’s secretary of sta...

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‘Warrior’ mentality under fire

Photos of officers bearing assault rifles and wearing head-to-toe battle armor this week in Ferguson, Mo., are raising questions over the blurred lines between police and soldiers.Many look like they were snapped in an Afghanistan war zone, with local police in camouflage and combat helmets as they respond to unrest over the death of an unarmed black teen at the hands of police officer Darren Wilson.One picture features law enforcers staging behind a mine-resistant vehic...

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US won’t reveal records on health website security

WASHINGTON (AP) — After promising not to withhold government information over “speculative or abstract fears,” the Obama administration has concluded it will not publicly disclose federal records that could shed light on the security of the government’s health care website because doing so could “potentially” allow hackers to break in.

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