HomeMy WebLinkAboutC.054.93008_2122 (2)Chairman Sloan inquired about the Fund Balance. Information was distributed to the board
members in this regard.
$ 437,292 Added
150,000 Reserved CDBG
32,000 Recreation Parks Project
1,683,838 Balance current year's budget
$ 4,254,018 - 9.62% fund balance with $1.5 million for capital projects, this will make the total
13.02%
These figures were given by Susan Goodman.
DISCUSSION OF CHANGE IN TAX DISCOVERIES: Each year the tax assessor's office continues to add
roblem pertaining to the percent of
new value discoveries from January to June. When discoveries are added in May and June, it is very
hard to collect the taxes, and it creates a budgeting p
collections that can be used in the budget. It is recommended that discoveget ries be cut off at
Deccembeere31sstseachatyear
hand
sora value
be added
ofbudgeted each yeater that r. Wenow �budget ll p95%. tWith xthislnew
tion up
for
ccountiesythCU-off dae, weetsize oftlredellmis 97%.ay be able Theto have a 914biggest reasontis9thatomosttcounties cution rate. toff discovaverageeries
at the end of December.
Chairman Sloan said by projecting a 95% rate, the county winds up with more than is budgeted
because more than 95% �ilcollecjust be reflected n n thee in taccou ting he Way it �inba�differentng done �method.not 9�Even hiifcitnis
any more money.
not shown as being budgeted, it is collected, so the same number of dollars is brought into the
county.
The State continues to erode the County's tax base through various bills that decrease the
tou$15ethousand. TItris�esii�mated�on$285,000 can�be lostsenior
rrevenuescitizen
if the tax base $10
decreased.
Chairman Sloan said the board needs to give the county manager some direction on how to prepare
the budget ordinance, riction
appropriationsof
m Commissioner
ner Haire tuse movehe the
(re 3 st million) o forhmajordrenovations.s for year
allow
ols
VOTING: Ayes - 5; Nays - 0.
Mitche 1IOON froMOTmty College building program Commissioner Hire tofund $250,0000 Out
. of the $1.5 million Capital Reserve for
lle
MOTION WITHDRAWN.
capital outlay from
Commissioner
Haire
o take
e.$250,000 out of the $1.5 million Capital Reserve for
commAMND ENT fro m (private Maisone total isusdtartedor the project be in hand or
ted
AMENDMENT withdrawn by Commissioner Madison.
VOTING ON MOTION WITHOUT AMENDMENT:
Ayes - 4; Nays - 1 (Madison). The next
ADJOURN: MOTION from Commissioner Madison to adjourn the meetithe
ng at 8:25 South ingConference
meeting is scheduled for Jr Meetin19 ' uotty Commiss�ioonersI MeetingsessiontRoom,200W
SCenterr Street,
Room, and 7:30 P.m.
Statesville, NC.
erk to the Board
APPROVED: 11 Lam--- —
11