HomeMy WebLinkAboutC.054.93011_0486 (2)IREDELL COUNTY BOARD OF COMMISSIONERS
REGULAR MINUTES
NOVEMBER 23, 2004
The Iredell County Board of Commissioners met in Regular Session on
Tuesday, November 23, 2004, 7:00 p.m., in the Iredell County Government Center
(Commissioners' Meeting Room), 200 South Center Street, Statesville, NC.
Present were:
Chairman Steve D. Johnson
Vice Chairman Godfrey Williams
Doug Madison
Marvin Norman
Sara Haire Tice
Staff present: County Manager Joel Mashburn, Finance Director Susan
Blumenstein, Planner Whitney Hodges, Inspections/Code Enforcement Director Lynn
Niblock, Sheriff's Chief Deputy Rick Dowdle, Support Services Director Jim Vernon,
Transportation Director Ben Garrison, and Clerk to the Board Jean Moore.
CALL TO ORDER by Chairman Johnson
INVOCATION by Commissioner Madison
PLEDGE OF ALLEGIANCE
ADJUSTMENTS OF THE AGENDA: OTIO by Chairman Johnson to
adjust the agenda by the following actions:
Deletions: • Presentation Regarding the Iredell County Scattered Site Housing
Community Development Block Grant Project by Mr. David Meacham,
Executive Director of the Statesville Housing Authority
• Request from the Library Director for a Discussion/Decision Regarding
the Establishment of an Art Advisory Committee for the Review &
Selection of Appropriate Artwork for the New Facility
• Request for Approval of an Amended Project Ordinance for the FlexSol
Community Development Block Grant Project
• Request for Approval of Electrical and Construction Bids for the Flex -Sol
Water & Sewer Project
VOTING: Ayes — 5; Nays — 0.
APPOINTMENTS BEFORE THE BOARD
Presentation of the Comprehensive Annual Financial Report for Year
Ending June 30, 2004 by Mr. Ron McLelland, CPA: McLelland said the county's
financial report was approved by the Local Government Commission on
November 10, 2004. He said the basic financial statements were unqualified, and there
were no reportable conditions or findings relating to noncompliance for state/federal
awards and laws/regulations. In addition, he said there were no questioned costs. He
said cash and cash equivalents were up by $28,197,005 as compared to 2003.
McLelland said $24,614,398 of the amount represented unspent proceeds from the 2003
issuance of Certificates of Participation resulting in a positive cash flow of $3,582,607.
He said long-term liabilities were up by $32,412,634; unrestricted net assets were up by
$2,531,809; unreserved fund balance for the general fund was up by $3,502,951.00,
which included a net positive adjustment of $1,023,334 relating to a change in
accounting procedures for the recording of sales tax receivables.
Mr. McLelland said Exhibit 5 showed the original adopted budget and the final
budget as amended at June 30. He said the document helped gauge how successful the
staff was in preparing the budget ordinance. McLelland noted that the actual 2003-04
property valuation was less than the amount budgeted, while the budgeted collection