7/16/1991 (2) - Laserfiche WebLink

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J U L 16 BOOK 83 P,Ar E q9.f staff; so, those are considered indirect expenses; they are not dollars going out to outside sources; and they would not be .on a ledger book. Commissioner Scurlock confirmed that the only things you see on the general ledger are hard costs. You would have to go to the Public Works Department, Engineering, etc., to see the actual hours logged out. Mrs. Manning had further questions about costs and record keeping, and Commissioner Scurlock asked how the transfer from project accounts is done - how you book it when a department asks to be compensated back for their in-house expenses. Administrator Chandler advised that when the project iso' ready to go to construction, they put together a formal project budget where they identify all costs; in the interim the in-house or in-kind costs are maintained, and all this is shown in that total budget. Mrs. Manning asked if Mr. Davis remembered stating it would cost anywhere from $120,000 to $160,000 to complete Vero Lake Estates, and Mr. Davis believed he was referring to 101st Avenue. and that he was speaking about direct paving costs, which did not include the engineering and some other surveying costs needed to complete the project. He noted that those figures are in line with the figures we are projecting at this point in time. Mrs. Manning believed that everyone has misunderstood this as she thought he had stated that after 101st was completed, there would be a surplus of funds that could go towards 91st Avenue, and Mr. Davis confirmed that he did indicate that after the paving of 101st, there would be surplus funds that could be used to further implement the master drainage plan or for additional paving. John Coppola, vice president of the Vero Lake Estates Property Owners Association, and resident of 7950 93rd Avenue, referred to the $402,000 revenue Mr. Davis has predicted the 2 year assessment at $50 parcel/acre will raise and asked if that will earn interest, and if it does, shouldn't that interest be added into the recommendation. Director Davis pointed out that it is hard for us to predict when the assessments will be paid and how long those funds will be sitting there before they are expended out; so, as a conservative measure, we have not computed additional interest revenue. Commissioner Scurlock felt the key is that whatever is earned stays in that fund. Mrs. C. R. Smith, 8245 104th Court, commented that everyone this evening has been talking about roads, but she wished to know 8