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Commissioner Halkiotis said that he ran into Bob Gwen recently, and it was <br />16 years ago that they discussed this same issue, but the names have been changed. It <br />was a different cable company but it is the same issue. He supports this but he wants to <br />write a letter to NCACC because he quit going to the summer conferences because one <br />of the major sponsors is Time Warner Cable. He cannot go to these conferences and <br />accept their behaviors that have been going an for too long. <br />A motion was made by Commissioner Halkiotis, seconded by Commissioner <br />Carey to approve and authorize the Chair to sign both resolutions, which are <br />incorporated herein by reference. <br />Commissioner Brown said that Time Warner's lack of ability to serve the <br />entire County aggravates her and she thanks the Cable TV Advisory Committee for their <br />diligent work. <br />Chair Jacobs said that the Cable Television Consumer Protection and <br />Competition Act of 1992 was probably written with the help of the cable industry. This is <br />probably why we continue to struggle with this legislation. He said that in this type of <br />legislation, local governments are stripped of authority and large, multi-national <br />corporations can prosper, regardless of the level of service. <br />VOTE: UNANIMOUS <br />6. SPECIAL PRESENTATIONS <br />a. 2001-2002 Comprehensive Annual Financial Report (CAFR) <br />The Board received the Comprehensive Annual Financial Report (CAFR) and <br />Single Audit Report for the fiscal year ending June 30, 2002. <br />John Link introduced this item and commended Ken Chavious and his staff <br />and the accounting firm for a good audit. He said that we also had a clean audit report <br />because it shows if the County adheres to guidelines for health services and such. <br />Finance Director Ken Chavious gave a PowerPoint presentation, which is <br />incorporated by reference. The theme of the report is "Weathering the Storm" because <br />of the challenges faced with the budget this year. Regarding the general fund, the total <br />revenues and transfers total $113 million, which is an increase of 4.7% aver 2001. The <br />leading sources of revenue are property taxes (64°~}, sales taxes (14°~), and <br />intergovernmental (12°~). The assessed property value was $9.1 billion in 2002. This <br />was an increase of 23% over 2001, which is due to the revaluation. Far the fifth straight <br />year, tax collections exceeded the budget expectations. <br />The general fund expenditures and transfers included $116 million, which <br />was an increase in 5% over 2001. The leading expenditures include education, human <br />services, and public safety. Approximately 50°~ of the general fund was spent on <br />education. The overall per pupil expenditure was $3,510. Orange County remains <br />number one in the State for education funding. <br />The undesignated fund balance was $11.6 million as of June 30, 2002. This <br />surpasses the 8°~ Local Government Commission recommended minimum. $2.6 million <br />in the fund balance was appropriated for the 2002-2003 budget, which is a 2.9-cent tax <br />rate equivalent. <br />The outstanding debt as of June 30, 2002 was $134 million. This debt was <br />made up of $102 million in bonds and $32 million in alternative financing. The County <br />retired $9 million in debt last year. <br />Grant funds managed $71 million, and the Department of Social Services <br />managed $54 million of this. There were no findings of questioned costs as a result of <br />the audit. <br />