HomeMy WebLinkAboutC.054.93009_1529 (2)IREDELL COUNTY BOARD OF COMMISSIONERS
BUDGET MEETING MINUTES
NAY 27 1997
The Iredell County Board of Commissioners met for a Budget
Meeting on May 27, 1997, 12:30 p.m., South Wing Conference Room,
Iredell County Government Center, 200 South Center Street,
Statesville, NC.
Present were: Sara K. Haire, Chairman
Steve D. Johnson, Vice Chairman
David A. Boone
Alice T. Fortner
Alice M. Stewart
Staff present: Joel Mashburn, County Manager
Susan Blumenstein, Finance Director
Jean Moore, Clerk to the Board
Chairman Haire called the meeting to order.
MT. MOURNE VOLUNTEER FIRE DEPARTMENT: Representatives Wayne
Turner and Mark Shumaker discussed the projected tax funding
requirements for this VFD. A new building (to be built in two
stages) is proposed. Commissioner Boone asked if the present site
was still the best location. Turner said yes. There is really no
available property near the present location. Mr. Boone asked what
happened if Mooresville annexed. Turner said it was still a good
location. It's difficult to determine if the tax base would be
eroded if annexation occurred.
Commissioner Johnson asked if the building would serve the
major capital needs. Turner responded yes.
Mt. Mourne was complimented on the way it handled its
finances. Turner said the VFD always tried to discern the
difference between "wants and needs." The following is a synopsis
of this VFD's current financial standing:
Operating Costs $ 62,000
Truck Reserve 20,000
Truck Note 12.741
94,741
New bldg. financing $600,000/10 yrs.@ 5.95% 81,327
176,068
Less: Other Revenue, BBQ, etc. (16000)
Annual Tax Funds Requirement 5160.068
Current Valuation $457,303,866
Tax Rate Required 3.54:
Current Tax 2.750
MOTION by Chairman Haire to increase the Mt. Mourne VFD tax
rate to 3.50.
VOTING: Ayes - 5; Nays - 0.
COUNTY -NIDE FIRE DISTRICTS: Commissioner Boone reviewed the
May 22 tax increase approved for this district. He said he wanted
it clear that one cent went to capital (truck purchases) and one
cent went to operating costs. Commissioner Johnson said the VFDs
needed a policy and review system. Mr. Johnson said, "If you're
not careful, capital has a good chance of becoming current expense
through the fund balance."
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