HomeMy WebLinkAboutC.054.93009_1714 (2)Commissioner Stewart asked how many acres were at the facility. Dye said there was five.
Mrs. Stewartsaid most park facilities had around 60 acres. Mr. Dye said he basically wanted an
endorsement to seek private grants. He mentioned Smith -Reynolds, Cannon, and the Kathleen Price
Foundation.
Commissioner Johnson asked for a clarification on the grants. He asked Mr. Dye if he was
of the opinion that by receiving a private grant this would be the western area's local match. Mr.
Dye said he did not have this understanding. Dye said all he was requesting was an endorsement.
Mr. Johnson said he just wanted to make sure to preclude any future misunderstanding.
MOTION by Commissioner Johnson to request the Clerk to the Board to prepare a letter for
the Chairman's signature that would indicate endorsement for Mr. Dye to seek private grants for
the remodeling work.
VOTING: Ayes - 5; Nays - 0.
MR. BUDDY HEMRIC, IREDELL CITIZENS FOR INTEGRITY (ICI): Hemric said
he was proud to present the Second Annual Taxpayer's Friend Award, The ICI voted this year to
bestow the award and recognition to Commissioner David A. Boone. Hemric mentioned that Boone
was very accessible to the public and studied issues before taking action. The award was given in
honor this year of Dr. Ira Porterfield, a deceased member of ICI, and a retired professor of Animal
Science at North Carolina State University.
PRESENTATION OF IREDELL COUNTY JUNE 30,1997 AUDIT: Mr. Ron
McLelland, of the Foster, McLelland, Rutherford & McKenzie CPA firm, presented the Iredell
County audit ending June 30, 1997. He mentioned the report had been accepted by the Local
Government Commission. The CPA frim gave an unqualified report. McLelland congratulated the
County officials and staff for a "job well done." A handout was shared by Mr. McLelland for
informational purposes and it has been reproduced as follows:
Attorney Pope asked if the total equity included the value of real estate. McLelland said it
included the real estate but not necessarily the value -- it includes the book value.
Blumenstein said the fund balance of the general fund was a benchmark for the county. At
July 1, 1997, audited numbers showed a 16.14% general fund balance. As of November 30,1997, this
figure had dropped to 15.56°/ Chairman Haire asked the average fund balance for counties of
comparable size. Blumenstein said it was over 16%. The Local Government Commission requires
eight percent; however, it recommends the average of like -sized counties.
PUBLIC HEARING
Chairman Haire adjourned the meeting to public hearing.
Statistical information
Increase
6/30/97
6/30/96
(Decrease)
Cash & Investments
$31,475,532
$31,052,939
$ 422,593
Receivables
8,077,151
8,162,835
( 85,684)
Payables
6,144,850
4,619,772
1,525,078
Long -tens Debt
22,004,421
23,758,901
(1,754,480)
Total Equity
77,890,863
72,873,570
5,017,293
Working Capital
33,407,833
34,596,002
(1,188,169)
Attorney Pope asked if the total equity included the value of real estate. McLelland said it
included the real estate but not necessarily the value -- it includes the book value.
Blumenstein said the fund balance of the general fund was a benchmark for the county. At
July 1, 1997, audited numbers showed a 16.14% general fund balance. As of November 30,1997, this
figure had dropped to 15.56°/ Chairman Haire asked the average fund balance for counties of
comparable size. Blumenstein said it was over 16%. The Local Government Commission requires
eight percent; however, it recommends the average of like -sized counties.
PUBLIC HEARING
Chairman Haire adjourned the meeting to public hearing.