HomeMy WebLinkAboutC.054.93009_0028 (2)(4)
Any financial institution not selected as the
official depository but which may receive County
funds for investment shall be analyzed by the
director of finance for financial stability if
the amount of time deposit exceeds the federal
depository insurance coverage of $100,000.
Section 9.
The following procedures are hereby established
and shall be incorporated in the monitoring and
reporting section of the Cash Management Plan.
(1)
The director of finance shall report monthly
to the County Manager and/or Board of
Commissioners concerning the status of
investments, the collateralization of County
moneys, and the comparison of actual receipts
and disbursement to the budgeted figures.
(2)
Significant changes n banking services or costs
and the issuance of a Request for Proposal for
Banking Services will be reported to the County
Manager and/or Board.
(3)
The tax collector shall report to the County
Manager and/or Board on delinquent accounts,
both taxes and assessments.
(4)
Each year the Cash Management Plan shall be
reviewed by the director of finance during budget
preparation. The director of finance shall amend
the plan, as appropriate, to further enhance the
County's cash management program. All plan
amendments shall be presented to the County
Manager and/or Board for review at the next
Board meeting after the amendment has been made.
(5)
Any deviations from the plan by an official or
employee shall be reported to the County Manager
and/or Board at the next Board meeting after the
deviation has occurred.
Section 10.
All employees of Iredell County shall follow the
cash management plan and provisions of this
resolution, and the willful or continued failure
to do so is sufficient cause for immediate
dismissal from County employment.
VOTING: Ayes - 5; Nays - 0.
IREDELL-BTATEBVILLE SCHOOL SYSTEM - DECLARATION OF SURPLUS
PROPERTY3 Mr. Mashburn quoted the State law, saying after the
School System has declared property surplus, then the property must
be offered to the County Government for acquisition. There are two
pieces of property which the Iredell-Statesville School System has
declared surplus, these being:
An approximately eight -acre tract of land located
adjacent to Fifth Street in Statesville and known
as the Avery Sherrill School property. ($64,000)
A three -acre tract of land located on Amity Hill
Road near its intersection with 1-77. This property
formerly housed the administrative offices of the
Iredell County Schools. ($468,000)
The I/S Board of Education has received appraisals on both of
these properties, and the price is listed with the description.
MOTION from Commissioner Madison to decline the offer of these
two properties from the Iredell/Statesville School System.
VOTING: Ayes - 5; Nays - 0.
MAR I F 1993 013