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May 21, 2009 (Recessed Meeting) Page 1404 <br />UPON MOTION of Vice Chairman Mynatt, seconded by Commissioner Carruth, <br />and unanimously carried, the Board voted to transfer the funds in the amount <br />of $39,295.00 proposed to be spent on the membership to the Centralina <br />Council of Governments in FY 2010 into the Contingency fund. <br />Cabarrus County Schools and Kannaoolis City Schools Hudaeta <br />A discussion ensued amongst the Board regarding the proposed budgets <br />for Cabarrus County Schools (CCS) and Kannapolis City Schools (KCS) for EY <br />2010. <br />Chairman White expressed concern regarding the suggestion by CCS of <br />laying off teachers in the upcoming year. <br />Vice Chairman Mynatt commented that she was aware that KCS receives <br />State and Federal funding that CCS is ineligible for. She noted there are <br />critical financial issues facing CCS this year that KCS is not experiencing. <br />Commissioner Privette noted that Rowan County provides a higher <br />percentage of funds to KCS than Cabarrus County. John Day, County Manager, <br />noted that the Rowan County's Average Daily Membership (ADM) contribution is <br />higher than Cabarrus County's. <br />Chairman White noted that if the County fully funds the budget requests <br />from KCS, then CCS will potentially experience a shortfall of funds, and if <br />the County fully funds the budget requests from CCS, then KCS will experience <br />a windfall of funds. <br />A general discussion ensued regarding athletic uniforms, new band <br />uniforms and new band instrument costs. <br />Mr. Day reminded the Board that funds are available in the Contingency <br />fund that can be used towards the schools' Capital Outlay requests. <br />Lengthy discussions continued regarding potential Reductions in Force <br />(RI F) actions within CCS; distance learning opportunities; facilitators in <br />online learning classrooms; etc. <br />Vice Chairman Mynatt noted that <br />in CCS, and proposed the County fund <br />delay the construction of the new A. <br />KCS. <br />there are serious overcrowding issues <br />all four CCS construction projects and <br />L. Brown High School wing addition for <br />Mr. Day explained once principal and interest is due for the A. L. <br />Brown construction project, it will total approximately $900,000.00 to <br />$1,000,000.00 per year. He noted the County will capitalize this interest <br />over two and a half years, leaving a payment of approximately $400,000.00, <br />which will not have abig impact on the County. <br />Chairman White stated the practical thing to do in the current economic <br />situation is to fundall four new schools for CCS and the new science wing <br />addition for A. L. Brown High School as presented in "Plan B" and take <br />advantage of low construction costs and interest rate. He also stated the <br />need to have frank discussions regarding the 15-year plan and any future <br />constructions with CCS and KCS. He also suggested any future constructions <br />with CCS or KCS be funded through General Obligation (GO) bonds. <br />Mr. Day stated the Local Government Commission (LGC) has recommended <br />the use of GO bonds for the next debt issuance. <br />A discussion ensued regarding property valuations and taxes. <br />Five Year Financial Plana A and B <br />The Board lengthily discussed the benefits and drawbacks of each five- <br />year financial plan as presented. Topics addressed included: school <br />construction; projected sales tax; a segregated account for technology funds <br />for each school system; the need for a Chairman/Vice Chairman Meeting with <br />KCS and CCS in the immediate future; etc. <br />Recess of Meeting <br />p.m. <br />The Board took a short break at 5:10 p.m. The meeting resumed at 5:24 <br />Additional Budget Chartaea <br />