HomeMy WebLinkAboutC.054.93011_1157 (2)IREDELL COUNTY BOARD OF COMMISSIONERS
FY 06-07 BUDGET REVIEW MINUTES
MAY 18, 2006
The Iredell County Board of Commissioners met for a Budget Review Session
on Tuesday, May 18, 2006, at 5:30 P.M., in the Iredell County Government Center
(South Wing Conference Room), 200 South Center Street, Statesville, NC.
Present were:
Chairman Sara Haire Tice
Vice Chairman Godfrey Williams
Steve D. Johnson
Marvin Norman
Ken Robertson
Staff present: County Manager Joel Mashburn, Deputy County Manager Susan
Blumenstein, and Clerk to the Board Jean Moore.
Media present: Daniel Goldberg with the Statesville Record & Landmark and
Lee Ann Sherrill with the Iredell Citizen.
CALL TO ORDER by Godfrey Williams.
Chairman Tice arrived about a minute after the meeting started. (She had been
attending a memorial service for her pastor.)
700 Mitchell Community College (MCC): Attending the meeting to discuss
MCC's budget were Dr. Ralph Bentley (MCC Chairman of the Trustees),
Dr. Doug Eason (MCC President), and Dick Lefevre (Vice President for Finance).
Blumenstein reviewed the college's request and the recommended funding as
follows:
2006-0_7R7 Request 2006-07 Recommended by County
Current Expense $ 2,194,059 $ 2,079,595 (formula based)
Capital Outlay (Special) 829,244
Project Reserve 601,910 (formula based)
Non GO Bond Principal 105,000 368,690
105,000
Non GO Bond Interest
24,245 24,245
GOB Principal 35,000 35,000
GOB Interest 35,000
35,000
In regards to the upcoming bond for the college, Commissioner Johnson asked if
staggered debt cost more.
Blumenstein said yes, but it couldn't be helped. She said the Local Government
Commission needed actual bids.
Eason said construction plans had to be approved by the local college board, and
then they were sent to the state board in Raleigh where the process could take up to
three months.
When asked if the college would probably need to purchase more property in the
near future, Dr. Bentley replied yes.
Dr. Eason added the property costs would be near the amount paid out this year.
OTIO by Commissioner Johnson to establish a Capital Reserve Fund for
Mitchell Community College in the amount of $250,000 in the FY 2006-07 budget and
to increase the fund by $50,000 a year for the next five years.
VOTING: Ayes — 5; Nays — 0.