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NOW, THEREFORE, the Iredell County Board of Commissioners does hereby proclaim the period of
November 20 through November 26 to be Farm -City Week; and does further call upon all seminars,
pageants, fairs, and civic and social events associated with a successful Farm -City Week in Iredell
County.
VOTING: Ayes - 5; Nays - 0.
IREDELL COUNTY BOARD OF COMMISSIONERS
R. B. Sloan Jr., Chairman
APPOINTMENTS BEFORE THE BOARD
LOWRANCE HOSPITAL ESCROW FUNDS BUDGET AMENDMENT #11: Chairman Sloan gave background informa-
tion on this issue. (See 11/17/92 Briefing Minutes.) A recommendation has been received from the
Lowrance Hospital Funds Committee.
MOTION from Commissioner Madison to appropriate the $706,791.04 that is available for
appropriation now, and to earmark the funds through a contract with the Town of Mooresville for the
$2.8 million that is to come back to the County from the South Iredell Development Company that was
loaned to them from this fund. With this commitment, the Town of Mooresville has agreed to assume
any liability that might arise from the Lowrance Hospital. The county manager is to be instructed
to come up with a formal agreement with the Town of Mooresville to cover all these arrangements as
well as the idemnification of Iredell County when these funds are released from the County.
VOTING: Ayes - 5; Nays - 0.
SPHERES OF INFLUENCE IN SOUTH IREDELL: Chairman Sloan said one thing that came out of this
discussion at the briefing session held this afternoon that some of us on the board feel the need to
direct the county attorney to look at all the legal aspects surrounding what we are facing down
there.
Mr. Pope said he understood his charge was to investigate specifically the legality of a
contract between C -MUD and the Town of Davidson regarding running water and sewer lines in Iredell
County.
IREDELL-STATESVILLE SCHOOLS - APPROVAL OF CONSTRUCTION CONTRACTS: Mrs. Paula Gwaltney said the
ISS has received bids for the renovation construction at Brawley Middle School and the five HVAC
contracts. In the past the projects have been approved by the board of county commissioners as a
formality. These contracts will be financed with the Certificates of Participation which are in the
process of being approved.
Mr. Joel Mashburn advised the board he had discussed the water and sewer line extensions to
meet the needs at Brawley. His discussion was with Joe DeBruhl, the engineer retained by the Town
of Mooresville, and with Rick McLean, Town Manager. It is Mr. Mashburn's understanding that the
sewer line will be an 8" line that will open up almost a mile for serving that area in the future.
MOTION from Commissioner Haire to approve the construction contract for Brawley Middle School
and the five HVAC contracts as already approved by the ISS Board.
VOTING: Ayes - 5; Nays - 0.
AUDIT FOR FYE JUNE 30, 1992: Mr. Ron McLelland, CPA with the firm of Foster and McLelland,
and Mrs. Susan Blumenstein gave the board an overview of the audit for FYE June 30, 1992. Mrs.
Blumenstein said at June 30, 1992, the fund balance was 11.22%, far above the 3% of some years ago,
she said. A lot of improvements have been made. The financial condition of the county was very
positive when they visited the New York bond market recently, she said. It compares well with other
counties in the state and nation.
Our revenues were about $1.3 million over budget. The majority of this ($1.2 million) was in
tax collections. The tax collector's office efforts has helped in the increased revenues, Mrs.
Blumenstein said.
Mrs. Blumenstein said this is the first year the report has included the Enterprise Fund for
the landfill. Ninety-nine percent of the tipping fee has been collected as budgeted. She is very
pleased with the results of this new fund.
Mr. McLelland called attention to the Comprehensive Annual Financial Report (CAFRA), which is
far superior to the General Purpose Financial Statements required by Statutes. It contains much
more detailed information and disclosure. He commended the management for the preparation of this
report. The County has received a Certificate of Excellence in Financial Reporting for the past
four years. He expects the current year's report to receive this same award.
Mr. McLelland mentioned the management letter and other recommendations that he made. He has
' met with the county manager and made recommendations for greater efficiency, he 'said.