4/18/1989 - Laserfiche WebLink

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Administrator Chandler advised that this is just the initial cash flow report. The intent is to line up the projects we have in place versus our income, and this shows just about what we would expect at this point in time. We do have a pretty aggressive capital program about to kick off with the Jail, the Courthouse Complex, and the Health Department, plus our Right -of -Way needs. This report sets out a projected time frame and shows that there will be shortages at varying points in the initial phases. Administrator Chandler talked about the need for seed money in the initial phases and emphasized that they have been cautious and conservative in setting up these projections, especially because of the lack of a track record. He noted that one thing they have not built into this yet is the stockade concept. There will be a time lag with the collections and then disbursement back to us, and that is why they figured on September. Staff will be updating this report and coming back periodically with this as we get deeper into the program. Commissioner Scurlock believed the Finance Advisory Com- mittee recommendation ties into this cash flow projection to some extent and requested that it be moved up on the agenda and discussed at this time. The Chairman determined that there were no objections and asked Commissioner Scurlock to review it for the Board. FINANCIAL ADVISORY COMMITTEE RECOMMENDATION Commissioner Scurlock referred to the following and noted that basically at the last meeting Administrator Chandler and OMB Director Baird presented some information with some suggested possible uses for the surplus that we had identified in terms of cash carry forward or reserves. The same day the Finance Advisory Committee had a meeting and made the following recommendations: APR 1 8 1989 37 BOO 76 PAGE 626