ORD-2008-082 - Fiscal Year 2008-09 Budget Ordinance

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Section XI. Budget Control General Statutes of the State of North Carolina provide for budgetary control measures to exist between a county and public school system. The statute provides: Per General Statute 115C -429: (c) The Board of County Commissioners shall have full authority to call for, and the Board of Education shall have the duty to make available to the Board of County Commissioners, upon request, all books, records, audit reports, and other information bearing on the financial operation of the local school administrative unit. The Board of Commissioners hereby directs the following measures for budget administration and review: That upon adoption, each Board of Education will supply to the Board of County Commissioners a detailed report of the budget showing all appropriations by function and purpose, specifically to include funding increases and new program funding. The Board of Education will provide to the Board of County Commissioners a copy of the annual audit, monthly financial reports, copies of all budget amendments showing disbursements and use of local moneys granted to the Board of Education by the Board of Commissioners. Section XII. Internal Service Fund - Dental Insurance Fund The Dental Insurance Fund accounts for the receipt of premium payments from the County for its employees and from the employees for their dependents, and the payment of employee claims and administration expenses. Projected receipts from the County and employees for 2008 -09 are $ 394,631 and projected expense for claims and administration for 2008 -09 is $439,335.00. An allocation of $44,704.00 will be made from reserves in the fund to balance. Section XIII. Encumbrances Operating funds encumbered by the County as of June 30, 2008 are hereby re- appropriated to this budget. This budget being duly adopted this 24th day of June 2008. Donni r a" Clerk the Board Barry Jaco s, Chair lice I GoLon Mike Nelson