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June 16, 2008 (Regular Meeting) Page 880 2007 and stated approval is required by the Board of County Commissioners. She further explained that because the Board has not approved a reserve fund balance appropriation, a budget revision, for any amount, is needed to transfer funds to the CVB. She also pointed out the County's financial records will have to remain open for another fiscal year to account for all CVB accrued expenditures. Ms. Wagster pointed out that the Authority's February 2007 meeting minutes were submitted to the County; the money appears on her balance sheet as "reserved", but there was no interaction with County staff on this process. A lengthy discussion ensued. The following issues were addressed: the intent to reserve CVB funds; the amount of funding needed to cover the CVB's expenses for June and July; separation from the County; transferof assets to the CVB; the five percent administration fee paid by the CVB to the County for collection services; the deadline for the budget to be approved; etc. Vice Chairman Juba suggested approving the CVB budget, then discussing the remaining issues at a later date. After a brief discussion, Chairman White explained a motion could be made to approve the CVB budget as presented and to transfer $225,000 to the CVB for estimated operational expenses anticipated for July, leaving the fund balance to be held pending further discussion between the County and the CVB. Upon further discussion, Commissioners Carruth and Privette withdrew the MOTION and the second. Vice Chairman Juba MOVED to approve the CVB (Convention Visitors Bureau) FY 08-09 budget as presented, agreed to transfer $250,000.00 of fund balance to the CVB for operational expenses and agreed to hold the remaining fund balance in reserve until such time as the Board of Commissioners reach an agreement with the CVB. Commissioner Carruth seconded the motion. The MOTION carried with Chairman White, Vice Chairman Juba and Commissioners Carruth and Mynatt voting for and Commissioner Privette voting against. Reoeae of Meeting Chairman White called for a short recess at 9:17 p.m. The meeting reconvened at 9:30 p.m. (G-11) Landfill - Budget Amendment (Tire Diapoeal Tax $55 000.00) UPON MOTION of Commissioner Carruth, seconded by Commissioner Privette and unanimously carried, the Board adopted the following budget amendment: BUDGET REVISION/AMENDMENT REQUEST DEPARTMENT OF LANDFILL AMOUNT: $55,000.00 TYPE OF ADJUSTMENT: Supplemental Request PURPOSE OF REQUEST: This budget amendment is to appropriate additional Tire Disposal tax revenue to be received from the North Carolina Department of Environment and Natural Resources and associated expenses. The increase includes estimated fourth quarter revenue plus the amount already received above total budget. Present Account No. Approved Budget 27064610-6699 $115,000.00 Tire Disposal Fees 27099610-9359 $115,000.00 Tire Disposal Expense Increase Decrease $55,000.00 $55,000.00 Revised Budget $170,000.00 $170,000.00 - Proieot 000. School Pam Dubois, Deputy County Manager, presented information related to a project ordinance and budget amendment for the 2009 School Construction Fund. UPON MOTION of Commissioner Mynatt, seconded by Commissioner Carruth and unanimously carried, the Board adopted the following budget amendment and project ordinance: