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proposed increased rate for FY 1987-88 will yield $5,000.
LOWRANCE HOSPITAL: $25,000 set for payments in connection with the sale of the hospital.
IREDELL SOIL AND WATER: To remain at the $49,867 figure.
LAKE NORMAN MARINE COMMISSION: Iredeil County pays one-fourth of the total budget.
MOTION from Chairman Hedrick to reduce the budget to $17,500.
No vote taken.
Mr. Deal again mentioned the agencies that presented requests too late to be included in the
budget, which are: Mooresville Main Street Program, Balloon Rally, and Statesville Arts and Science
Museum.
SCHOOLS: The remainder of the meeting was devoted to discussing of school funding. Mr. Deal
said he had proposed $495 per student for Current Expense. This represents a $40 increase over last
year and a total increase of $642,920. The $23.50 per student amount for fines, fees, and forfeit-
ures is not included in this amount.
The amount of $435,550 is budgeted for additional Capital Outlay over the amount budgeted in FY
86-87. The $800,000 set aside in a special capital account in anticipation of school consolidation,
the additional current expense and capital outlay represent 6.87¢ on the tax rate. This does not
include Mitchell Community College.
There are a total of 16,073 students in the Iredell County School systems: 10,718 in the
County School; 2,163 in Mooresville School, and 3,192 in Statesville School. These totals are
supplied by the State.
The board discussed the need of a resolution in connection with the $800,000 that has been '
proposed for escrow to be used to promote consolidation of the school systems. After discussion, it
was decided that the fund should be addressed each year and the county attorney would be asked to
draw a resolution regarding the treatment of this account. A Capital Ordinance for these funds will
have to be drawn.
FUTURE MEETINGS: The following dates are planned for future budget deliberations:
June 16, 7:30 p.m. Public Hearing on the proposed 87-88 budget,
Agricultural Conference Rooms 1 and 2
June 17, 9:00 a.m, until Noon, Annex Conference Room
June 22, 9:00 a.m, until 3:00 p.m., County Annex Conference Room
June 29, 1:00 p.m. Adoption of the FY 1987-88 Budget Ordinance
The June 30th meeting concerning hazardous waste at the Mooresville High School Building was
also named as a meeting the board members should attend.
ACTION ON SCHOOL BUDGET: MOTION from Chairman Hedrick to fund the schools at the levels
indicated: $495 per student Current Expense and $122 per student for Capital Outlay. Also included
is Mitchell Community College Current Expense at $760,000 and Capital Outlay at•$49,000.
VOTING: Ayes - 5; Nays - 0.
ADJOURN: Chairman Hedrick adjourned the meeting at 3:00 p.m. Next meeting June i6, 1997, 7:30
p.m., Agricultural Center Conference Rooms 1 and 2. i
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