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3 <br />Commissioner Brown <br />10/15/98 <br />Page Two (2) <br />o In the past, JOCCA operated some programs that did not honor any <br />administrative costs. These programs were fully subsidized by the agency. <br />JOCCA's curreirt policy is not to operate any programs that do not honor <br />.administrative costs. <br />o Fuiancial management was inadequate for several years. In March 1998 <br />JOCCA hired a professional Financial Director who has been effective in <br />restoring responsible financial .reporting and planning, <br />JOCCA has had a deficit for some years. At the end of FYE June 30, 1997 it was <br />583,552 (restated). The audit for the FYE June 30, 1998 has been completed and the <br />agency's deficit has been reduced to 525,b83. <br />'This deficit reduction represents the. hard work of the staff in ending the FYE 1998 <br />with a positive 557,969., instead of the budgeted $35,000. <br />The audit also reflects that the agency has outstanding payables of approximately <br />$69,000. It is the goal of the JOCCA Board to move over the next three years, to achieve <br />a cash balance of $50,000. Therefore the JOCCA Board of Directors hereby requests a <br />one time allocation of $40,000, that will greatly assist in placing this nonprofit agency in <br />a positive financial status. <br />JOCCA Board members have already appeared before the Chatham County Board <br />of Commissioners and. made a similar request for none-time contribution. <br />The JOCCA Board of Directors hopes that the Orange County Board of <br />Commissioners will act favorably to this request. <br />5iacerely, <br />`~~s1 ~~ <br />Edith Hubbard <br />Chairperson <br />ED:ea <br />xc: Members Orange County Board of Commissioners <br />John Link, Orange County Manager <br />Gloria M. Williams, Executive Director <br />