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there was a budget of 18.6 million, but we actually received only <br />17.7 million so you are looking at a $900,000 unfavorable <br />variance. Overall for the General Fund in terms of our total <br />revenue, we had an unfavorable variance of $425,000. Director <br />Fry felt when you are doing a budget, you have to budget not only <br />the less 5%, but also have some type of contingency just for this <br />type of event occurring. The General Fund is where the majority <br />of the expenditures of the county are paid from. <br />Chairman Scurlock asked if our current Cash Carry Forward <br />contingency is abnormally high or if it is a good number in the <br />opinion of our financial people. <br />Christine Hill, Coopers & Lybrand, did not feel the <br />contingency number was unreasonably high. She stated that the <br />biggest difference in the budget this year was caused by the <br />expenditures last year being under what was budgeted and some of <br />that may be because some items that were due to be purchased <br />during the year were not purchased and now fall over into the <br />subsequent fiscal year. She felt that is one area to focus on <br />before it is decided the reserve is higher than it should be. <br />Ms. Hill did think that possibly the county should attempt in the <br />future to get closer to break even and not let the reserve <br />continue to build at 2 million per year; although there still are <br />some expenditures that probably will carry over this year also. <br />Director Fry next referred to Page 163 which shows that <br />revenue bond coverage for the Sanitary Landfill for the last ten <br />fiscal years ranges up and down from 1.52 coverage in 1978 to <br />1.96 in 1985 and then goes to 3.73 in 1986 and up to 5.83 in <br />1987. He agreed the coverage is high, but felt it is artifici- <br />ally high because of the recognition of the money needed to close <br />out the first phase. He explained that the Board adopted an <br />increase in rate structure recognizing the tremendous capital <br />cost that would be involved in closing out Phase 1 and starting <br />up Phase 11, and even with that rate increase there will not be <br />sufficient money. <br />21 <br />FEB 161988 <br />eooK 7© F yF 839 <br />