Orange County NC Website
Chair Jacobs asked about a listing of newly proposed funding for non-profits for this year <br />and Donna Dean-Coffey said that she would get this list. <br />Chair Jacobs made reference to childcare subsidies on page 13 and said that there was <br />a number from the DSS director that five County employees are getting subsidies. He asked for <br />a specific number on this. Donna Dean-Coffey said that this is an appendix H-8. The total is <br />$2,565 per month each. <br />Commissioner Gordon asked about the amount of fund balance being appropriated and <br />Donna Dean-Coffey said none. She asked about the fund balance level and it was answered <br />9.5%. The LGC recommends 8% as a minimum. John Link said that they think 8°~ is a scary <br />number to keep year after year. He thinks that the goal should be 10-12°~6. <br />Finance Director Ken Chavious said that the fund balance is more than a savings <br />account and it covers during the months when tax revenues are not coming in. They are more <br />challenged this year and he said that they are much more comfortable at 10% and even more <br />so at 15%. The statewide average for a government of Orange County's size is 17%. <br />Chair Jacobs recapped the items to be addressed on June 22"d: <br />Housing information, Information Technology records information, rates and fees, <br />presentation on plans far the Central Orange Senior Center design (possible significant increase <br />to include adult day health center}, and debt issuance schedule for all County Commissioners. <br />c. Fire Districts- discussed above <br />A motion was made by Commissioner Halkiotis, seconded by Commissioner Gordon to <br />adjourn the meeting at 10:09 p.m. <br />VOTE: UNANIMOUS <br />Barry Jacobs, Chair <br />Donna S. Baker <br />Clerk to the Board <br />