HomeMy WebLinkAboutC.054.93009_2329 (2)REQUEST FROM DSS FOR ACCEPTANCE OF SOCIAL SERVICES BLOCK
GRANT -2 (SSBG2) FUNDS ($57,102 - no county match required): DSS Director Wall said
Iredell County was one of 26 counties in North Carolina eligible to receive funds for additional child
welfare staff. He said the state had allocated funds to the counties with the highest number of
children entering foster care for the first time during FY 98-99 and the counties with the highest
number of children being adopted during the same time period. Mr. Wall said he was requesting to
reallocate an inactive Work First position and develop it into a foster home/post adoption social
worker position. He added that no county funds would be involved.
REQUEST FROM DSS FOR THE ACCEPTANCE OF STATE ADULT
PROTECTIVE SERVICES FUNDS FOR THE ESTABLISHMENT OF AN ADDITIONAL
ADULT PROTECTIVE SERVICES SOCIAL WORKER III POSITION
(employee/equipment for six months= $15,321 state funds & $5,107 county funds for total of
$20,428): Mr. Wall said he was requesting to reallocate an inactive Work First Family Assistance
Social Worker II position and place it in the Adult Protective Services Division as a Social Worker
III. He said the funds were contingent upon a 25% match from the county. A total of $20,428 (75%
state: $15,321 & 25% county: $5,107) will be needed for the remainder of this fiscal year. The
social worker's position will cost $39,749 for FY 00-01 (funded by 75% state [$29,812] and 25%
county [$9,937] ). Wall said the older adult population was increasing and DSS was having to
assume the guardianship role for more individuals.
REQUEST FOR APPROVAL OF FIRST UNION SECURITIES, INC., AS THE
MANAGING UNDERWRITER FOR SCHOOL FINANCING: Finance Director Blumenstein
said the upcoming issue of certificates of participation for school construction would require the
services of a managing underwriter. She said the underwriter would provide services for the
marketing of debt issue, preparing the official statement, contacting ratings/insurance agencies, and
conferring with bond counsel/local counsel and the Local Government Commission. A total of five
underwriters sent proposals. Mrs. Blumenstein recommended First Union Securities, Inc., as the
managing underwriter. A complete proposal listing is as follows.
J.C. Bradford & Co.
Wachovia
First Union Securities
Robinson -Humphrey
BB&T Capital Markets
Management Fee/Per M
$.75
$.60
$.44
$.31
$.46
Average Takedown/Per M
Total
$ 4.00
$4.75
$3.25
$3.85
$3.95
$4.39
$4.25
$4.56
$4.00
$4.46
Blumenstein said the bonds could not be sold until all bids "were in hand." The school
system should be ready in late April or May. She also said that all of the certificates (COPS) would
have to be sold at one time.
ADJOURNMENT: Chairman Tice adjourned the briefing at 6:15 p.m.
Approved: J11?54( a