HomeMy WebLinkAboutC.054.93009_2004NOW, THEREFORE, we, the members of the Iredell County Board of Commissioners are proud to have this
opportunity to honor C. Robert Brawley, and we congratulate him on a job well done for the State of North Carolina
and for the citizens of Iredell County.
This the 17' day of November 1998.
APPOINTMENTS BEFORE THE BOARD
MR. BUDDY HEMRIC OF THE IREDELL CITIZENS FOR INTEGRITY
ORGANIZATION: Hemric said it was with great pleasure that he presented the 1998 Taxpayer's
Friend Award to Mrs. Susan Blumenstein, the Finance Director for Iredell County. He said Mrs.
Blumenstein handled the finances of the county with the skills and professionalism that far exceeded
the call of duty. He further said Blumenstein was always prepared to make sound investments and
could always produce the facts and figures to prove her point on the usage of county funds. Hemric
said Blumenstein was friendly, courteous, and helpful. (Congratulations were extended to Mrs.
Blumenstein, and she was presented with a plaque.)
PRESENTATION OF THE IREDELL COUNTY AUDIT (Ending June 30,1998) BY
MR. RON MCLELLAND, CPA, OF THE MCLELLAND, RUTHERFORD & MCKENZIE
RA. FIRM: McLelland said he was pleased to present the comprehensive annual financial report
for Iredell County, North Carolina for fiscal year ending June 30, 1998. He said the report had
already been accepted by the Local Government Commission. The following information was
presented in addition to the audit.
STATISTICAL INFORMATION
Increase or
June 30, 1997 June 30. 1998 (,Decrease)
Cash & Investments $29,726,185 $45,913,748 $16,187,163
Receivables 8,077,151 9,070,880 993,729
Payables & Deferred Revenues 4,958,997 5,992,068 1,033,071
Bonded and Long -Term Debt 23,786,873 45,335,451 21,548,578
Total Equity 77,890,863 97,668,923 19,778,060
Working Capital* 32,844,339 48,992,560 16,148,221
Debt to Equity Ratio 2.71 to 1 1.90 to 1 (.81) to I
* Less Current Portion of Bonded and Long -Term Debt
Attorney Pope asked if the total equity included land. McLelland said it did.
PUBLIC HEARING
Chairman Haire declared the meeting to be in public hearing session.
CONSIDERATION OF A PAVING PARTICIPATION PROJECT FOR A PORTION
OF STATE ROAD 1912 - SUMMERS FARM ROAD: The clerk to the board said the purpose
of the hearing was to determine if opposition existed to the paving of a portion of SR 1912 -
Summers Farm Road. She mentioned that on October 2, 1998, a petition from the property owners
had been submitted. On October 8, 1998, a faxed letter of approval from the Department of
Transportation was received. A preliminary resolution for the paving was approved by the board
of commissioners on October 20, 1998.
The paving involves eight properties and seven owners signed the petition (one signer owns
two affected lots). The non-petitioner/non-signer involves an estate and the heirs desire to be
assessed for their paving cost over the next five years.
The paving involves 600 linear feet and the State DOT office has given a cost of $4800
('$8.00 per foot or $4.00 each side of the road).