HomeMy WebLinkAboutC.054.93010_0586Commissioner Johnson said he was understanding the motion would "flip-flop" DSS and
the library project. He asked if the county was committing to leasing space for DSS or simply
looking at all of the options.
Ray said the county should look at all options.
Commissioner Johnson said he understood that $5.4 million under the previously adopted
schedule would be available for library construction and this included some accrued interest. He
asked if the motion would negatively affect the $5.4 million since the county would not have
enough time to accrue interest.
Mashburn said the county had $3.1 million now, with $2.5 million scheduled to come in
during this fiscal year, and $2.5 was to go into the fund next year. He said none of these figures
included any interest earned on the funds.
VOTING: Ayes — 5; Nays — 0.
COUNTY MANAGER'S REPORT: Mashburn said a written activity report and
narrative had been distributed.
Budget Update: Blumenstein said a copy of the September capital project reports had
been distributed. She said that in September the county's general fund revenue balance was
$10.6 million and expenditures were $20.1 million. Blumenstein said this showed that fund
balance was important to provide cash flow before tax revenues started arriving. She said that
one-half ($792,700) of this year's appropriation from the state on inventory tax reimbursements
had been received. Blumenstein said the inventory tax reimbursement that had been put on hold
by the General Assembly was received in the amount of $1,125,230. She said this was
approximately $75,000 less than what was budgeted. She said ad valorem taxes this current
fiscal year were about three percent behind last year's collections. Blumenstein said, however,
the Register of Deed's revenues were about six percent over budget, and the inspection revenues
(permits) were over by about eleven percent. Blumenstein said she would ask the board to retain
the freeze on certain capital items until the first distribution of sales taxes was received. She said
this would probably be in November.
CLOSED SESSION: Citing G.S. 143-318.11 (a) (6), Personnel, Chairman Tice
rtotione to enter into closed session at 8:30 p.m.
VOTING: Ayes — 5; Nays — 0.
(Return to Open Session at 8:45 p.m.)
ADJOURNMENT: OTIO by Chairman Tice to adjourn the meeting at 8:45 p.m.
NEXT MEETING: Tuesday, November 6, 2001, 5:00 p.m. and 7:00 p.m., in the Iredell County
Government Center, 200 South Center Street, Statesville, NC.
VOTING: Ayes — 5; Nays - 0.
Approved:
10
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