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588 00192110-9838 $ 99,519.68 NC Substance Control $ 1,357.00 $ 98,162.68 Audit Presentation for Fiscal Year Endin~ June 30, 2000 - Pam Dubois, Assistant Finance Director, and Ted Hotz of Cherry, Bekaert & Holland Mr. Ted Hotz, Partner with Cherry, Bekaert & Holland, presented a general overview of the Cabarrus County Comprehensive Annual Financial Report for the Year ended June 30, 2000. He stated the audit went smoothly and commended the County Finance staff for their work. Ms. Pam Dubois, Assistant Finance Director, presented financial updates associated with the annual audit report. She reviewed such items as major accomplishments for the year, principal taxpayers, construction activity, growth of total assessed value, ad valorem tax revenues, sales tax growth, expenditures, school expenditure, outstanding debt and debt service. As of June 30, 2000, the undesignated fund balance was $30,098,355.00 with $11,309,060.00 available for funding priorities and objectives established by the Board. Chairman Fennel asked staff to prepare an analysis of the County's ad valorem tax revenues. He stated the Board would discuss the revenue projections at a retreat in early February. N. C. Association of County Commissioners Legislative Goals Conference UPON MOTION of Commissioner Privette, seconded by Vice Chairman Carruth and unanimously carried, the Board designated Chairman Fennel as its voting delegate to the North Carolina Association of County Commissioners (NCACC) Legislative Goals Conference to be held in Pinehurst on January 11 and 12, 2001. UPON MOTION of Chairman Fennel, seconded by Commissioner Suggs and unanimously carried, the Board designated Commissioner Privette as its alternate delegate to the Legislative Goals Conference. The proposed Legislative Goals approved by the NCACC Board of Directors and to be considered by the membership at the Conference were included in the Agenda package. The Board briefly discussed issues involving school health nurses, proposed cap on charter schools, taxing authority by local boards of education and "Smart Growth" legislation to establish voluntary growth management programs. The Board took no formal vote on any of the issues and agreed by consensus for Chairman Fennel to cast the County's vote on the various issues at the Conference. Chairman Fennel stated he would introduce from the floor the two legislative goals approved by the Board in September. These included a proposal to change the ratio of sales tax distribution and a request for a review of the funding allocation formula used by the North Carolina Department of Transportation in establishing road construction and maintenance programs. Schedulin~ of County Department Introductor~ Sessions for New Board Members The Board scheduled orientation sessions for new Board members from 1:00 p.m. to 4:00 p.m. on January 10, 11 and 12, 2001. Staff will set up tours and informational sessions on those dates for Vice Chairman Carruth and Commissioners Freeman and Suggs. Discussion of ~oals for 2001 - Chairman Fennel (Settin~ Possible Date for Board Retreat/Work Session) Chairman Fennel stated the Board should begin thinking about budgetary and program goals for 2001, including such issues as education, transportation, taxes, etc. He proposed a Board retreat the first weekend of February. The Board agreed to hold a retreat and work session on Friday, February 2, from 6:30 p.m. to 10:30 p.m. and on Saturday, February 3, from 9:00 a.m. to 1:00 p.m. Issues to be discussed will include projected revenues for the next fiscal year and budget priorities. Also, the Board will finalize discussion of the proposed Unified Development Ordinance in preparation for a vote on the ordinance at its February meeting. Extension of the Due Diligence Period for the Sale of the Old Harrisbur~ Elementar~ School