HomeMy WebLinkAboutC.054.93010_0949appropriated it to Contracted Services. Blumenstein said Amendment 417 was f -or
bookkeeping purposes (posting of a journal entry each month recognizing 1112 of the
annual indirect cost as an expenditure for the transportation service and as a revenue to
the general fund).
4. Request for Approval of Budget Amendment #18 for the Recognition of the
Reduction in Public School Building Capital Funds in the Amount of $773,040 due to
Action by the North Carolina General Assembly: (Finance Director Blumenstein said
at the briefing session that the budget adopted by the General Assembly excluded the
annual appropriation of Public School Building Capital funds (PSBCF) front corporate
income taxes. She said instead, the hinds were directed to school operations, and that due
to the Ircdell County FY 02-03 budget listing PSBCF for capital outlay, a correction
needed to be made. (The Iredell-Statesville School System submitted the following
listing that shows line iter reductions necessary to reflect the change.)
Iredell-Statesville Schools
FY July 1, 2002 -June 30, 2003
Bud'et
Increase
(Decrease)
Amended
Budget
Third Creek Elementary
477,505.00
(44,127.00)
433,378.00
Future School Construction
234,656.00
234,656
Annual Renovations
410,000.00
4Q000.01
450,000.00
Bus Garage Addition
(t 89,000.00
296,000.00
Roofing
_485,000.00
325,000.00
(25,000.00)
300,000.00
Boiler!HVAC
200,000.00
(100,000.00
100,000.00
Mobile Unit Set-up
150,000.00
25,000.00
175,000.00
Maintenance Vehicles
69,605.00
251.00)
69,354.00
Buses
250,000.00
(5,000.00)
245,000.00
Paving
100,000.00
(1 1000.00)
90,000.00
Waste water
300,000.00
(200,000.00
100,000.00
Furniture/Equipment
410,000.00
(6,000.00)
404,000.00
Technology
174,000.00
24,000.00)
150,000.00
total1
$3,585,766.00
773,034.00 $2,812,732.00
(Note: Commissioner Johnson stressed the fact that Budget Amendment #18 was
due to action by the Governor of North Carolina along with the General Assembly, and
not by any action of the board of commissioners.)
5. Request for County Manager Authorization to Sign on Behalf of the County, a
One -Year Lease Agreement Regarding Eight (8) Acres of County Property to be
used for Agricultural Purposes by Craig Wagoner: (Support Services Director Jim
Vernon said during the briefing that Craig Wagoner desired to lease pasture land behind
the Agricultural Resource Center for one year at $25 per acre. He said the leasing would
also aid the county by reducing the maintenance costs for mowing, and the presence of
grazing cattle would blend in with the area.)
6. Request for Approval of the November 4, 2002 Minutes
7. Request for the Acceptance of a Proposal from the Bank of America to
Refinance a Portion of the Outstanding 1992 Certificates of Participation (COPs)at
an Interest Rate of 2.85% (Finance Director Blumenstein advised during the briefing
that two banking proposals had been received for the direct placement financing on the
1992 COPs. She said one proposal was from Bank of America at an interest rate of
2.85% and the other was from BB&T at 2.97%. Mrs. Blumenstein recommended Bank
of America's rate at 2.85.
8. Request for Approval of a Contract with Benchmark Consulting for the
Preparation of a Community Block Development Grant Application for the
Scattered Site Housing Grant not to exceed $10,000 & to set December 3 and
December 17, 2002 as Public Hearing Dates (The county manager had previously
advised that Centralina Council of Governments, Lindsey Consulting, and Benchmark