HomeMy WebLinkAboutC.054.93010_0673$2,055,169. It would result in the same fund balance at June 30, 2002 of
$10,295,925. It would lift the freeze on the general fund items and it would make
available to the library project, $4,940,169. We've tried to look at two ways to
spread the burden of the reduced revenues. Instead of the county making up
through ad valorem taxes the restricted sales taxes, Plan B would reduce some
school capital. "
Commissioner Johnson thanked Mashburn and Blumenstein for staying abreast of the
changes and keeping the board members informed. Johnson said the situation was not due to the
commissioners mishandling the budget, it was due to the state mishandling its budget and not
reimbursing the counties, as well as the faltering economy.
(Note: During the briefing session, the board, by consensus, agreed to choose Plan B. A
table showing the two plans is included in the briefing minutes.)
ANNOUNCEMENT OF THE GOVERNMENT FINANCE OFFICERS
ASSOCIATION'S (GFOA) AWARD FOR EXCELLENCE IN FINANCIAL
REPORTING: Chairman Tice said she had received a letter announcing that Mrs. Blumenstein
had achieved the GFOA award. Mrs. Tice praised Blumenstein for her dedication and excellent
work.
ADJOURNMENT: At 7:30 p.m., Chairman Tice ove to adjourn the meeting. NEXT
MEETING: Tuesday, March 5, 2002, 5:00 p.m. and 7:00 p.m., in the Iredell County
Government Center, 200 South Center Street, Statesville, NC.
Approved: ix G i- z_v l
( erk to the Board