9/21/1983 (2) - Laserfiche WebLink

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Chairman Bird noted that, in other words, if we go along with the Director's scenario, we can further reduce the General Fund by $55,000 and still have a 2h% or 2% pay pool for our employees. Director Barton stated that if the Board does accept the $55,000 scenario, the reserve for contingencies then would be $502,479. Director Barton continued that he has two other adjustments -that need to be discussed.. Basically the cash forward on the revenue side looks as though it is going to come in at that figure ($355,000), plus the Housing Authority is not going to spend their total appropriation. They have $6,232 they are committing to a new project, and they will give that to us as cash forward, which was not planned on. This actually is just a trade off; they want to give it back in this fiscal year and spend it in the next; so, the cash forward would be $361,232 instead of $355,000 and the interfund transfer would be $81,859 instead of $75,627. The total estimated receipts and balances and the total appropriations reserve for contingencies and cash forward under the $55,000 reduction would be a total $9,225,691, which is less than we spent last year. The new millage would be 2.70769. The Chairman asked if anyone present wished to be heard. H. E. Guthrie of North U.S..I, Sebastian, stated that he has not been to one of the Commission meetings before; however, at one time he did serve on a County Commission and understands the Board's problem. He noted that he did not have much to say except that from the taxpayer's standpoint, it all comes down to what kind of increases we have got. Mr. Guthrie asked what the general average ad valorem increase for the General Fund wab this year and was informed that it is advertised at an 18.43% increase over rollback. 9 SEP 211983 BOK 54 7 - I