Agenda - 02-02-1987 - Special Mtg.

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1 ORANGE COUNTY COMAS SS10J_yERS i06 EAST MARGARET. HILLSBOROUGH, N. C- 27278 MOSES CAREY,JR. STEPHEN H.HALKIO IS JOHN HART W F-LL SHIRLEY E.MARSHALL DON WILLHOIT MEMORp,NDUM TO: Board; Ken FROM: . Shirl ..41/54141-- DATE: 3 March RE: MEETING WITH SUE BAKER; LINDSEY EFLAND On Monday 2 March, we met for some two hours: the arts: ect, from. the County; and discussion turned the s 2 p can exp dialogue andh (1) what the schools (2) management of a meaxtix�c�ful. budget the schools- umber (1) I made. clea afldp not speak Under n but I had some . impressions for the Board, good debate.. concerns. My concern was to foster g ou°ga pay-as-y a necessitp; pay-as-you-go only our the fund balance build uP had. drained dangerous on capital needs to a tang s immediate but had ereached our savings information gus surplus we but had get better cash .flowwiil not be and that t we will beginning again; that there . and that we will not�dailable major program money onsab'illty is to meet Second: the Commissioner's first resp and that we our capital responsibilities to the schools tiond this year we cannot rely on pay-as-you-go. Legislative active that we will have capital funding package st would ave. will sign. A the bond referendum probably r old not to design. A bond had pressing only school needs as the County needs as well. not act agreed that while the legislature may Third: We all ag of only one administrative pressures are building up and that unite this county, that the funding we per county, put in mind as t expect such action��inlltor not too h pp�uture; we must keep response to if keep our resp other decisions are made.