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General Fund Expenditures for the year ended June 30, 2013 $181,528,386 <br /> General Fund Unassigned Fund Balance as of June 30, 2013 <br /> As a Percentage of General Fund Expenditures 20.17% <br /> BOCC Fund Balance Policy - 17 % 17.00% <br /> General Fund Unassigned Fund Balance as of June 30, 2013 <br /> In excess of the Board's policy $ 5,748,228 <br /> Less: Sportsplex Land Purchase (382,000) <br /> Less: OPEB Funding (3,000,000) <br /> Less: CY Appropriation of Fund Balance (225,53% <br /> Additional Unassigned Fund Balance Available for Appropriation <br /> As of November 30, 2013 $ 2,140,689 <br /> Suggested Current Year uses of the Additional Fund Balance Available to avoid financing cost: <br /> County Rural Recycling (1/2 Year Funding for FY 2014-15) (315,000) <br /> Additional Amounts Available for Appropriation <br /> for Current Fiscal Year or FY 2014 -15 $1.825,689 <br /> * 17% Fund Balance totals...............................................................$30,859,826 <br /> Clarence Grier said the $3 million into the Other Post Employee Benefits (OPEB) will <br /> fully fund the annual required pay as you go contribution. <br /> He said he would recommend that the $315,000 for the recycling program be held for <br /> start up. <br /> He reviewed the fund balance changes outlined in attachment 3, and said the fund <br /> balance has increased by 65 percent since 2008, and 125 percent since 2009. <br /> Michael Talbert referred to attachment 2 and noted the appropriated fund balance of <br /> $5,190,000 from last year. He said this same amount will need to be appropriated next year in <br /> order to remain even. He said it is wise and prudent to leave $1.8 million available moving <br /> forward, especially as the Board is concerned about not having a tax increase until the 2015- <br /> 16 bond referendum. He said this would allow the ability to do one more year's budget with <br /> reasonable revenue growth, without a property tax increase. <br /> He referred to page 55 of the audit that the Board received tonight. He said that page <br /> is dedicated OPEB. He noted the total accrued liability of$65 million and said the addition of <br /> the recommended $3 million will get the County to almost a 10 percent funding level of the $65 <br /> million. He said this item will no longer be in the notes of the 2015-16 financial statement, but <br /> it will be on the financial statement. He said there needs to be a plan of how to fund it in order <br /> for the bond rating agencies to look favorably on it. <br /> Chair Jacobs asked for clarification that the manager's recommendation is to approve <br /> the suggested uses of the fund balance. He asked how specific the Board needs to be. <br /> Michael Talbert said it should be a general statement, and this will be included in the <br /> budget amendment in January. <br /> Chair Jacobs asked if the Board should entertain a conversation about possible uses <br /> now. <br /> Michael Talbert said the intent was to talk about solid waste. <br />