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110 <br /> <br />DRAFT <br /> <br /> The Board of Commissioners for the County of Cabarrus met in recessed <br />session at the Stonewall Jackson School Administrative Cottage, 1484 Old <br />Charlotte Road, Concord, North Carolina on Thursday, June 13, 1996, at 6:30 P.M. <br /> <br />Present - Chairman: Jeffrey L. Barnhart <br /> Vice-Chairman: Arne L. Fennel <br /> Commissioners: Sue B, Casper <br /> Franklin C. N£block, Jr. <br />Absent - Commissioner: Kenneth Mills <br /> <br /> Also present were Mr. Frank W. Clifton, Jr., County Manager, and Mrs. <br />Frankie F. Bonds, Clerk to the Board. <br /> <br /> Chairman Barnhart called the meeting to order at 6:30 P.M. He stated the <br />purpose of the meeting was to open communications between school officials and <br />the County. <br /> <br /> Mr. Charles Newton, Director of Stonewall Jackson School, presented an <br />overview of the operation of Stonewall Jackson School. He commented on efforts <br />to improve the image of Stonewall Jackson School and to ease community concerns <br />about its operation. Mr. Newton and Ms. Sarah Wilson, Program Manager/Assistant <br />Director, took Board members on a tour of the School. <br /> <br />BUDGET DISCUSSIONS <br /> <br />Transfer of Funds to the FY 1996-97 Budget for Uncompleted Projects <br /> <br /> Mr. Clifton advised the Board that funding for several projects which were <br />not completed during FY 1995-96 would be transferred to the FY 1996-97 budget. <br />These included General Services Administration - $179,800.00; Courts - <br />$90,320.00; and Aerial Photography Project - Increase to $262,500.00. <br /> <br />Sale of School Bonds/Tax Increase <br /> <br /> Mr. Clifton reported that the Schools plan to request the sale of the <br />entire $49 million school bond package in January 1997. This would save <br />approximately $40,O00.00 in fixed cost by having only one sale and could possibly <br />result tn a better interest rate. The anticipated interest rate is 5.9 percent <br />with annual debt service payments totaling approximately $4.6 million. Mr. <br />Clifton outlined two scenarios for a tax rate increase associated with the sale <br />of the bonds: (1) Increase taxes in FY 1996-97 by 7.7 cents to meet the annual <br />debt service payment; or (2) Increase taxes by approximately 3.85 cents in FY <br />1996-97 to make the first debt service payment tn July 1997 and increase taxes <br />by a similar amount in FY 1997-98 to cover the full cost of the annual debt <br />service payments. No action was taken, and the Board will set the tax rate at <br />its regular meeting on June 17. <br /> <br />Increase in Per Pupil Funding Level <br /> <br /> UPON MOTION of Chairman Barnhart, seconded by Commissioner Fennel with <br />Chairman Barnhart and Commissioners Fennel, Casper and Niblock voting for, the <br />Board agreed to increase the per pupil funding level to $755.00 per student, <br />resulting in an estimated $200,000.00 increase in the proposed Schools current <br />expense allocation for FY 1996-97. <br /> <br /> Adjustments in budget revenue projections will be made to cover the <br />increased appropriation. <br /> <br />Funding for Non-Profit A~encles <br /> <br /> Commissioner Fennel proposed that the County phase out the funding for non- <br />profit agencies over a period of three years beginning in FY 1997-98. After <br />discussion, there was general consensus to phase out the funding; however, no <br />formal action was taken by the Board. As previously requested by the Chairman, <br />the County Manager will make an analysis of how the functions provided by the <br />non-profit agencies relate to or impact services provided by the County. <br /> <br /> <br />