Minutes 11-20-2012 - Laserfiche WebLink

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unassigned fund balance was $36.4 million, which illustrated a 125% increase in the unassigned fund balance since June 30, 2009 (Attachment 3). Additionally, this represented 20.77% of budgeted general fund operating expenditures or $6.6 million, as of June 30, 2012. For the current fiscal year, the County has appropriated $4.8 million of the excess fund balance. The $3 million appropriated to establish and fund the Other Post Employment Benefit (OPEB) Trust was a Manager recommendation as part of the fiscal year June 30, 2013 Operating Budget to fully fund the total required OPEB contribution for the current fiscal year. It has been recommended by the Local Government Commission (LGC) and the Bond Rating Agencies that the County addresses the funding of its OPEB liability. Without addressing this growing liability, which currently totals $64 million, the LGC and the Bond Rating agencies have informed staff that the County's ability to issue debt in the future could be limited. Additionally staff recommends that the BOCC consider the suggested uses of the $1.86 million available unassigned balance outlined in attachment 2. Clarence Grier said that if this is addressed, then Orange County would be an AAA County. A motion was made by Commissioner Jacobs, seconded by Commissioner Foushee to appropriate the Other Post Employment Benefit (OPEB) money of$3 million and defer the other items until the regular budget cycle. VOTE: UNANIMOUS e. Review of Draft Recommendations from the Historic Rogers Road Neighborhood Task Force The Board considered the draft recommendations from the Historic Rogers Road Neighborhood Task Force and provided guidance to the Task Force and the Assembly of Governments. Michael Talbert said that the task force is not ready to disband yet and they want to continue their work. He said that attached to the abstract are draft recommendations prior to the joint meeting with the AOG. He read the draft recommendations. Recommendations to the Assembly of Governments Historic Rogers Road Neighborhood Task Force November 14, 2012 Recommendations: 1. That the Task Force continue to meet, to address the Charge of the Task Force, for an additional 6 months with the original composition of the Task Force. 2. That the costs of both a New Community Center and Sewer Improvements be shared by the local governments, at the same costs sharing percentages as outlined in the 1972 Landfill Agreement, 43% for Orange County, 43% for The Town of Chapel Hill and 14% for The Town of Carrboro. 3. That the governing boards continue to appropriate funds, originally budgeted to reimburse the Solid Waste fund for the purchase of the Greene Tract, for both a New Community Center and Sewer Improvements. Funds budgeted in Fiscal 2012/2013 for the Greene Tract are as follows; $90,549 for Orange County, $90,549 for The Town of Chapel Hill and $29,524 for The Town of Carrboro. The governing boards are also encouraged to locate other funding sources for a New Community Center and Sewer Improvements. Rogers Road Neighborhood Community Center: 1. That the Hogan-Rogers House no longer be considered as an option for a