HomeMy WebLinkAboutC.054.93010_1269comparison with the prior year. the decrease resulted from expenditures made for multi-vear
capital prcjcct" Approrirntateh 64%of this total amount, or $15,596,037 is available ,for
.spending at the government's discretion (unreserred hard balance).
•
,It the end of the eurrent fiscal rear, unresen-ed fund balance fine the General Fmnl has
$11,439.5 75 or 11.497;, oftotal gcnerallitntl eipendlitures for the.li.eccd fear.
• The County's total debt increased In, $6,177.015 (li%,) during the current fiscal year.
This increase includes a $3,510,000 160,1-20 installment purchase financing with Bank of
America. NA ,for the renovation o.1 the !redo// County Government Center-Soath (a ,former
hospital /hcili(r mvned bw 1-1,11,4) and retirement of the $/,900,000 note issued to /IMA for the
purchase of the building, lit addition, the County refunded hands from two outslmating debt
issues tit order to reduce the effective interest rate and reduce anneal payments. In Deceetrer
2002, $6,720.000 to outstanding 1992 Certificates of Participation were reloaded by issuing
nese debt dJ $5.455.000 and applving the 1992 debt service reserve finds towards the
11141st,in, ing balance. $15,260,000 of the outstanding 2000 Installment Payment Revenue Bonds'
were reltatded in February 2003. The face value of the variable rate 2003 Installnnent Me i neat
Revenue Refunding Bonds is $18,020,000, an increase of $2,760,00(/. The County enterer/ into a
swap agreement %lull Bank of America, N.4fixing the interest rate at 3.30%.
• Renovations were completed at the Hall rf Justice Annex, providing additional
couoroam.s and office spacefor court siq fas well as office space for the Iredell Canty Register
ol-Deeds. These renovations were _limded from the Capital Resenv Fund.
• .9rchitectural plans were completed for the new $6.6 million Iredell County public
Library. The Coeuty is fending $5.35 million of the total project costs, and the City rf
Statesville. having entered into an inter -local agreement with the Coun(y, will provide one
million dollars. Approximately $250,000 of the cost is being donated.
• The Catmty gfficially opened Stumpy Creek Park, a multi--feuutiornl outdoor jaciliq,
located on Lake Norman.
• Iredell County, North Carolina maintained its Aa3 bond rating for the sixth consecutive
ear.
Request for Continued Discussion/Decision Regarding FY 03-04 Juvenile
Justice Funds: County Manager Mashburn said that originally the Juvenile Crime
Prevention Council (JCPC) allocated $21,051 to Crossroads and $9,453 to Don -Lin
Counseling FY 03-04. He said the two agencies planned to provide "intensive services
where drug abuse was a factor." Mashburn said the decision left out the Counseling
Center of Iredell (CCI), a former funding recipient. He said the CCI board members
recently appeared before the commissioners seeking additional review of the JCPC
decision. Mashburn said the JCPC recently met with the CCI board members and
explained to them what was needed for funding. He said the JCPC then held a meeting
and voted to appropriate $10,000 to CCI for "nonsubstance abuse clientele sessions
only."
OTION by Commissioner Madison to appropriate $10,000 to the Counseling
Center of Iredell by accepting $7,160 in additional JCPC funds and by transferring
$2,840 from the JCPC training and administrative line item, and in addition, to allocate
previously unallocated funds of $21,051 to Crossroads Behavioral Healthcare and
$9,453 to Don -Lin Counseling Service. (The motion will also approve Budget
Amendment #15 for the additional $7,160 for the pass through to the Counseling
Center.)
VOTING: Ayes - 5; Nays - 0.
--CONSENT AGENDA---------------------------------
OTIOI by Chairman Johnson to approve the following nine (9) consent
agenda items.
VOTING: Ayes - 5; Nays -- 0.