HomeMy WebLinkAboutC.054.93010_0665IREDELL COUNTY BOARD OF COMMISSIONERS
BRIEFING MINUTES
FEBRUARY 19 2002
The Iredell County Board of Commissioners met in Briefing Session on Tuesday,
February 19, 2002, at 5:00 P.M., in the Iredell County Government Center (South Wing
Conference Room), 200 South Center Street, Statesville, NC.
Present: Chairman Sara Haire Tice
Vice Chairman Karen B. Ray (Mrs. Ray arrived at approximately 5:30 p.m.)
Tommy E. Bowles
Steve D. Johnson
R. Godfrey Williams
Staff Present: County Manager Joel Mashburn, Finance Director Susan Blumenstein,
t Joe Emergency Management Director Larry Dickerson, Tax Collector o KetchiC, County Assessori
Brent Weisner, Recreation Director Robert Woody, Library Director Steve Messick, Register r of
Deeds Brenda Bell, and Clerk to the Board Jean Moore,
CALL TO ORDER by Chairman Tice.
UPDATE ON BUDGET DEFICITS: County Manager Joel Mashburn and Finance
Director Susan Blumenstein shared two plans that were developed to address county "exelloc
shortages. Mashburn said changes needed to be made to the FY 2001-02 budget because. (I )
information had been received from the League of Municipalities advising that sales tax
distributions for the rest of the fiscal year %%,cold be below budget (21) some county departments
were in need of the funds frozen in the FY 2001-02 budget and (3) Governor Easley announced
d to retain inventory tax reimbursements and withhold other
oil February 5, 2002 that he planned when i
tax reimbursements to balance the state's budget. Mashburn said that 11 n tl c current year s
budget was adopted last June, the county had planned to unfreeze the $2,781,800 when a final
funding plan was submitted by the state. Mashburn said that now, however, since Go%crnor
Easley again planned to withhold the funds, decisions needed to be made about the budget.
Blumenstein then shared information about the decrease in sales tax revenues Site said
tile county would be under budget by $1,127,626. Mrs. Blumenstein saidthe entire state %\ as
experiencing a sales tax revenue decrease due to the economy. Blumeristen, then diSCLISSCII t\%
plans (A & B) that had been developed to address the shortages. The two plans are as follm\ s.
enditures
Sijimina v f j �hangei In Budg�ted ki.
PLAN A PLAN B
Rcducc-Fransfet to
To Capital Reserve Capital Reserve & Reducc
School Capital for
Restricted Sales I'a\cs
106,549,480
FInd-g-e-tedGeneral Fund Revenues
(Includes $2,463,206 Appropriated Fund Balance)
f7k 26
Taxes estimated under budget
Sales—Taxes —estimated and
786 X73 8 7S6,238
330 000
Acl 11 ursements: inventory taxes 330 000
Beer & —Wine 103 915 103 �)9S
---Elderly _Homeste�ad__
470 030_ -470,030
AdvaloremTaxes 546,060
Interest on
N' e t
Less