HomeMy WebLinkAboutC.054.93011_0967 (2)IREDELL COUNTY BOARD OF COMMISSIONERS
REGULAR MINUTES
NOVEMBER 15, 2005
The Iredell County Board of Commissioners met in Regular Session on Tuesday,
November 15, 2005, at 7:00 PM, in the Iredell County Government Center (Commissioners'
Meeting Room), 200 South Center Street, Statesville, NC.
Present were:
Chairman Sara Haire Tice
Steve Johnson
Marvin Norman
Ken Robertson
Absent: Vice Chairman Godfrey Williams
Staff present: County Manager Joel Mashburn, County Attorney Bill Pope, Deputy
County Manager Susan Blumenstein, and Clerk to the Board Jean Moore.
CALL TO ORDER by Chairman Tice.
INVOCATION by Commissioner Johnson.
PLEDGE OF ALLEGIANCE: Boy Scout Troop 363 affiliated with New Salem
Methodist Church in Statesville, NC led the Pledge of Allegiance. The scouts were Matt Laney,
Tucker Hobbs, Austin Reed, Brandon Perry, Dustin Laney, Travis Williams, Austin Ryan, and
Wesley Poplin. Scoutmaster Merlyn Perry and Assistant Leader Randy Fultz accompanied the
boys to the meeting.
ADJUSTMENTS OF THE AGENDA: OTIO by Chairman Tice to adjust the
agenda by adding an economic development closed session pursuant to G.S. 143-318.11 (a) (4).
VOTING: Ayes — 4; Nays — 0.
APPOINTMENT BEFORE THE BOARD
Presentation of the Comprehensive Annual Financial Report for the Fiscal Year
Ended June 30, 2005 by Marcy Spivey with Martin Starnes & Associates CPAs, PA: CPA
Marcy Spivey presented the financial report for the year extending from July 2004 through
June 30, 2005 and announced there were no findings. She said the audit was rendered with an
"unqualified opinion," and (1) financial statements, (2) internal controls (3) laws/regulations
relating to contracts and grant agreements (4) internal controls over major departmental
programs (5) federal programs and (6) state programs along with federal and state awards were
all reviewed.
Spivey said that as of June 30 the unreserved fund balance in the General Fund was
$21,206,639 or 18.90% of total general fund expenditures and transfers to other funds. She said
the strong fund balance showed good economic planning, and the county compared favorably to
like -sized counties as well as to larger ones. As far as the county's debt, Spivey said most of the
financial obligations were for schools or school construction, and there wasn't much owed for
general governmental projects. In conclusion, Spivey said the audit had been approved by the
Local Government Commission.
Finance Director Blumenstein said that in regards to FY 05-06, the economy was not "set
in stone," but there was some growth. She said fuel prices were still a concern, but they seemed
to be stabilizing. Blumenstein added that at the next meeting, an $891,000 budget amendment
would be presented for approval. She said the money would be appropriated to the school
systems for sales tax refunds and beer and wine revenues in excess of what had been budgeted
for 04-05. Mrs. Blumenstein said the county's fund balance would then be reduced to 16%
which was still comparable to like -sized counties.