HomeMy WebLinkAboutC.054.93010_1128Boyles said around 1,600 students and this included the N.F. Woods facility. He
said the system should have enough space for the high school students through 2010.
Dr. Boyles described the system's capital outlay request of $3,425,000
consisting of:
Category I projects (Building Improvements/Renovations) $2,012,000
Category 11 projects (furniture/equipment) 313,000
Contingency 100,000
Reserve for Long Range Plan 2002-2003 500,000
Reserve for Long Range Plan 2003-2004 500.000
i. � IZiIC
MITCHELL COMMUNITY COLLEGE (MCC): Representing the college
were: Board Chairman Joe Troutman, Vice Chair Pam Stamey, President Dr. Doug
Eason, and Finance Officer Dick Lefevre.
Dr. Eason said the Mooresville project was nearing completion and an open
house would be held in July. He mentioned the Mooresville campus had over 1,000
students, and growth was predicted to continue due to the new Lowes complex. Eason
said the Workforce Development Building bids would be opened on June 24. He said
the HVAC project (main campus) should be finished by early fall. Dr. Eason said the
college continued to cope with budget cuts out of Raleigh, and it didn't appear the
State's financial problems would improve in the new fiscal year.
Lefevre said that for FY 03-04 current expense, the college would have an
increase in hospitalization along with higher utility costs due to the cosmetology
building and the Mooresville building. He said the current expense request totaled
$2,002,100.00, and the capital outlay amount was $1,325,000. (A listing of the capital
projects is as follows.)
Technology/Workforce Development Building -COPS Loan Payment $ 25,000
Parking lot repair and expansion on main campus 200,000
Security lighting and sidewalk construction for main campus 150,000
ADA Accessibility for Cherry Street Center & Rotary Auditorium 700,000
Renewal & Renovations of Existing facilities on all campuses 250,000
$1,325,000
Mashburn said that for Mitchell's future capital program, he was recommending
that the commissioners adopt a policy of funding it (capital program) at an amount
equal to one-half cent of the ad valorem tax rate.
Commissioners Johnson and Madison voiced concerns about committing the
cent in the future.
Mashburn said this year would be the first time the college had been included in
a COPS issuance. He said that in the past, the college paid for capital projects in a pay-
as-you-go method.
OTIO by Chairman Johnson to follow the county manager's
recommendation of Special Capital Outlay funding in the amount of $604,795.00, but to
delete the part of tying it to the %z cent sales tax.
VOTING: Ayes — 5; Nays — 0.
SALES TAXES AND NEW LAW THAT ALLOWS SCHOOL SYSTEMS
TO BE REIMBURSED: Finance Director Blumenstein said school systems were now
treated as non -profits in regard to sales taxes, and they could file for reimbursements.
She said the Department of Revenue would deduct the reimbursement from the amount
that would have been sent to the county. Blumenstein said recently, Iredell-Statesville
received a sales tax refund of $332,631.03, and that of this amount, $195,384.23 was