HomeMy WebLinkAboutC.054.93011_0717IREDELL COUNTY BOARD OF COMMISSIONERS
BUDGET SESSION MINUTES
TUESDAY, MAY 24, 2005
The Iredell County Board of Commissioners met for a Budget Review Session on
Tuesday, May 24, 2005, at 5:30 p.m., in the Iredell County Government Center (South Wing
Conference Room), 200 South Center Street, Statesville, NC.
Present were:
Chairman Sara Haire Tice
Vice Chairman Godfrey Williams
Steve D. Johnson
Marvin Norman
Ken Robertson
Staff present: County Manager Joel Mashburn and Clerk to the Board Jean Moore.
Others present: Kathryn Wellin with the Charlotte Observer and Carrie Sidener with the
Record & Landmark.
CALL TO ORDER by Chairman Tice.
Review of Schedules and Charts
(General Fund, Personnel, Capital Outlay Requests, General Fund Revenue, and Capital Reserve Fund, etc.)
Tax Valuations/Rates & Fund Balance Computation:
County Manager Mashburn said updated tax valuation rates had been submitted by the
Tax Administrator. Mashburn said the revised rates indicated there would be $334,644 more in
estimated tax revenues -than previously projected. He explained the increase by the following:
Date Valuation
10 Collected Tax Rate Estimate Levy Collected
May 2, 2005 $14,149,150,000
$1,360,724 43.5 $ 59,191,495
May 24, 2005 $14,229,150,000
$1,368,416 43.5 593526.139
96.17% $ 334,644
(Collection This is $334,644 more than
percentage rate) initially estimated.
Fund Balance Computation (Updated): Mashburn said the $334,644 would lessen the
amount of money needed from the fund balance (June 30, 2005) to balance the FY 05-06 budget.
He said only $2,465,356 would be needed compared to the original $2.8 million estimate.
Mashburn said the revised amount for the estimated unreserved, undesignated fund balance at
June 30, 2005 would be $14,433,328.00, and this would be 11.43% of the general fund budget.
He said the fund balance was a balance between spending less and receiving more in revenues,
and that several years ago, there was a board directive to always maintain at least 11%, if
possible.
In regards, to the 96.17% tax collection rate, Mashburn said the percentage could
probably be increased to 97%, but the efforts that would have to be expended to make the
increase would probably outweigh the benefits.
510 Law Enforcement: Commissioner Johnson asked if the staff had explored smaller vehicles
(engines) for some law enforcement positions.
County Manager Mashburn said yes, and a smaller vehicle, such as an Impala, might be
used for some positions. He said, however, most of the law enforcement perso a preferred a
larger car with better acceleration.
435 Tax Administrator (Capital Equipment): Mashburn said the $235,000 DMV software
request had been deleted from the budget due to the delays from the manufacturer.
536 ECOM/Communications: Mashburn said $300,000 was included in the budget for the
completion of the simulcast project.