Agenda - 06-21-1983 - Laserfiche WebLink

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451 4 need to be sure that the 5 cent bottle tax increase bill passes in the form as written so that the flexibility to use the $40,000 is there. Commissioner Willhoit noted that the $200,000 increase in school capital should be considered as a one-time addition and not as the starting point for next year's appropriation. Wallace Harding, Finance Director stated that the increased revenue projection of $60,000 does not include the local option sales taxes for revenue estimate increase in Item 7. The $60,000 is primarily charges for services, such as Register of Deeds, not sales taxes. Commissioner Whitted estimated that the fund balance as of June 30, 1983 will be 1,800,000, and $560,000 has already been recommended in the Manager's budget. The County Manager added, that the revised revenue estimates will be an addition and that 6.6% of the budget is 1.2 million. The local government commission calls for 8.0%. Mr. Thompson stated that this is plotted by month in the cumulative period which is to be covered by the undesignated reserves. Mr. Harding noted the year was started with $1,194,795, undesignated, and $100,000 is presently in contingency. The only expense taken from the contingency fund was for the computer purchase and the sanitation truck. The year will end with $25,000 and was started with $100,000. Commissioner Whitted noted that presently the fund balance has been used. Ken Thompson noted that the actual cash flow has been projected, and excludes what might be done in rescheduling capital projects. It is perceived that in the fourth month of next year's budget (not the coming year, but the year thereafter) , the cash needs will be short if what's recommended in the appropriated undesignated fund balance is overextended. The County Manager noted that at the end of the year, payments on the jail will still be made, and this will not be available in the coming year as a fallback cash amount to rely on to meet cash needs. Wallace Harding noted that another unusual item occurring last year was that only 94% of the appropriations was spent, and it was estimated that 98% be spent, based on actual end-of-year figures on expenditures. Commissioner Willhoit noted that the increase of $40,000 in sales tax is based on the sales tax revenue for the current year, estimated at $2.105 million. The budget for next year is based on $2.250 million, which is based on a 7% increase in sales tax. Wallace Harding stated that he would be comfortable with the $40,000, but not that plus the addition out of the fund balance. Commissioner Willhoit stated that the additional $40,000 would project an 8.9% increase in sales tax revenue compared with the 7% projected growth rate that the State recommended. Commissioner Lloyd noted the request for Orange Industries is for $50,000 and $110,000 is needed to purchase the building and another $110,000 is needed for renovations and furnishings. He noted that nothing mentioned has exceeded what is necessary for support of Orange Industries. Commissioner Matted stated that if there were no objections, $50,000 will come out of the County's capital fund. He noted that if approved, the $50,000 provision will be in the County capital fund, and can then be appropriated as necessary. Commissioner Lloyd noted that another problem was the issue of legal fees and the need for a full-time attorney to serve the needs of the County. Commissioner Whitted stated that he was not opposed to a study being done and being brought back to the Board relative to the hiring of a full-time attorney.