HomeMy WebLinkAboutC.054.93010_0709reviewed. Compliance plans are in place. rhe Town of Mooresville has developed and has
issued to all of its departments a system of internal controls. A copy of the controls has been
submitted to the county manager, and 1 reviewed them. I believe that they developed some
good internal controls that barring collusion, which is almost impossible to prevent all
malfeasance if you have collusion, I believe that these internal controls are sound and should
detect much quicker any problems in the future. One of the things noted in the press was that
deposits were not made. rhe internal controls now require daily deposits which are in
accordance with General Statutes. they've also developed internal controls to deal with
expending funds that appear to be in order, and I'm sure they have been reviewed by their
outside auditors. Although there were some problems, 1 believe that they have addressed
each of the conditions and have written and distributed internal controls and will be
monitoring those from here on."
Commissioner Johnson said that anytime county taxpayer money was appropriated
there needed to be some type of accountability. He asked if the staff knew when the internal
controls were put into place.
Biumenstein said the Town of Mooresville approved the measures at a November 5,
2001 meeting. She said the town revenue procedures were preceded by a September 5, 2001
memorandum requesting that all departments make daily deposits. Mrs. Blumenstein said
the General Statutes required daily deposits, or if approved by the governing board, an entity
might accumulate money up until $250, but in any event, deposits had to be made at least
once per month. She said the Town of Mooresville was now following the daily deposit
requirement, which Iredell County has followed since 1985.
CLOSED SESSION: Citing G.S. 143-318.11 (a) (4) Economic Development and
G.S. 143-318.11 (a) (5) Property Acquisition, Chairman Tice at 8:35 p.m. F.—ved-1 to enter
into closed session.
VOTING: Ayes - 5: Nays - 0.
(Return to Open Session at 9:50 p.m.)
CALL FOR A PUBLIC HEARING REGARDING AN ECONOMIC
INCENTIVE FOR NASCAR IMAGES, LLC: Mffl-0-11 by Chairman Tice to call for a
public hearing on April 16, 2002, 7:00 p.m., regarding a $37,600 per year economic
incentive, over a five-year period, for a total of $188,000, for NASCAR Images, LLC based
on a $10 million investment in Iredell County.
VOTING: Ayes - 5; Nays - 0.
ADJOURNMENT: Pafffbq by Chairman Tice to adjourn the meeting at 9:51
p.m. NEXT MEETING: Tuesday, April 16, 2002, 5 p.m. and 7 p.m., in the Iredell County
Government Center, 200 South Center Street, Statesville, NC.
VOTING: Ayes- 5; Nays - 0.
Approved: ticLUo 1 C - lY1a�z
Jerk to the Board
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