HomeMy WebLinkAboutC.054.93011_0576 (2)Ouestionnaire for the Cooperative Extension Service: The county manager
distributed questionnaires pertaining to the Cooperative Extension Service. He asked
for each commissioner to answer the questions and return the forms to him.
RECESS: There being no further business for the Friday segment of the
planning session, Chairman Tice made a Ejjjo at 4:30 pm., to recess the meeting until
8 a.m. on Saturday, February 26.
VOTING: Ayes — 5; Nays - 0
Saturday, February 26, 2005
Agricultural Resource Center
444 Bristol Drive
Statesville, NC 28677
8:00 A.M.
All commissioners were in attendance.
Chairman Tice called the meeting to order.
Bud¢et and Finance Update: Finance Director Blumenstein distributed
revenue and expenditure spreadsheets for FY 04-05. She predicted that at
June 30, 2005, the estimated, unreserved, and undesignated fund balance would be
$16,762,656.00, or 13% of the general fund budget. Blumenstein said the Local
Government Commission recommended that the percentage be 15% to 18%, but Iredell,
at times, had been down to 10 or 11 %.
Blumenstein predicted that ad valorem tax revenues would be over budget by
$1,734,060 at June 30, 2005. In regards to expenditures in the upcoming 2005-06
budget, Blumenstein projected a $9,500,226 or 8.07% increase over FY 2004-05.
Current Expense and ^Capital Formula For Schools: County Manager
Mashburn distributed a copy the following current expense funding formula for the
school systems:
Suggested Current Expense Funding Formula
*NCACC Total Average Per Pupil —
Current Expense $ 1,388
Capital Outlay 540
$1,928
Department of Public Instruction Low Wealth Supplemental Funding Data
County Percentage of State 3 Year
Average Per Capital Income 97.86%
Total Estimated 2005-06 Per Pupil Funding $ 1,886.74
Capital Outlay (Ad Valorem & Restricted Sales Taxes 617.00
Current Expense Per Pupil
Total Ig Month ADM (per NCACC Budget & Tax Survey)
LEA I" Month ADM (per NCACC Spreadsheet)
LEA Charter** Total ADM
Iredell-Statesville Schools 19,381 549 19,930
Mooresville Schools 4,407 23 4.430
24.360
* NCACC = North Carolina Association of County Commissioners
**Charter Students (96% Iredell-Statesville & 4% Mooresville)
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Blumenstein said that Dr. Holliday had recently said the county shouldn't use
the 97.86% and that it should be using 107%.