Agenda - 09-17-2013 - 5a - Laserfiche WebLink

Browse Search

6 1 Commissioner McKee asked at what point this number would adversely affect their 2 credit rating. 3 Paul Laughton said the policy is reviewed by the LGC very carefully. He said that if the 4 percentage falls just a little it may not have an effect in the short term, but it may affect the long 5 term. He said the main concern is not to jeopardize their AAA rating. He said the desire is to 6 stay at the 17%. 7 Commissioner McKee asked what 1% on fund balance will equal in dollars. 8 Paul Laughton said 17% puts the number at $32 million in fund balance. He said the 9 Board needs to be mindful that revenues don't come in until later in the year, and that fund 10 balance is used to pay monthly capital to the schools and to pay bills. 11 Commissioner McKee said that the 17% represents 3 months of revenue, and Paul 12 Laughton agreed. 13 Commissioner Price said that part of the reason the budget is decreased is the nutrition 14 services number. She noted that the school board is requesting $37,800 and the county 15 recommendation is $8000. She asked what will happen with this. 16 Paul Laughton said this is the school system's budget, not the County's. 17 Patrick Rhodes said no cuts are being made to school nutrition services. He said there 18 were some changes made in Federal appropriation to reflect that, and this means less local 19 funding has to be appropriated. 20 Steve Halkiotis said their child nutrition is self sustaining and has been showing a profit 21 for the past several years. 22 Chair Jacobs referred to the $900,000 to replace teacher assistants and compared this 23 to Steve Halkiotis' mention of a certain number of teacher assistants that could be replaced. 24 He asked for clarification on whether this is included in the $900,000. 25 Vice Chair Halkiotis said the board is simply looking at scenarios in order to hold on to 26 their teacher assistants, even if it means cutting hours. He said efforts are being made to keep 27 these assistants employed. 28 Commissioner Rich left at 7:59. 29 30 Durham Technical Community College (DTCC) 31 Penny Gluck said there is no formal presentation, but she and Robert Keeney are here 32 to answer questions. She said there is a lot of excitement about the higher enrollment at their 33 Orange County Durham Tech campus. She said enrollment is up by over 74% this year, and 34 there has been an 83% increase in curriculum course offerings. She said DTCC is here this 35 evening to ask for a modest increase 36 Robert Keeny brings greetings from Durham Tech's President Ingram, who was unable 37 to attend. 38 Commissioner Price said she had attended the graduation ceremonies at DTCC and the 39 excitement was remarkable. She said it is evident that a lot of good work is happening. 40 Chair Jacobs said the Board is very pleased to have a DTCC campus in Orange County. 41 42 Chair Jacobs asked about the page number order and why this is not in alphabetical 43 order and with page numbers. He noted page numbers for the remaining discussion items. 44 Paul Laughton said elected officials are usually listed first, and then it should go in 45 alphabetical order after that, with a few exceptions. 46 47 2. Sportsplex 48 49 Budget Highlights 50 • Budgeted program revenues for FY 2013-14 are projected at a 9.2% increase over