MINUTES

SPECIAL CALLED MEETING

BUDGET WORK SESSION

GLYNN COUNTY BOARD OF COMMISSIONERS

W. HAROLD PATE BUILDING

1725 REYNOLDS STREET, 2ND FLOOR CONFERENCE ROOM

TUESDAY, MAY 3, 2016 AT 2:00 PM

 

PRESENT:                     Richard Strickland, Chairman, District 3

Michael Browning, Vice Chairman, District 1

Dale Provenzano, Commissioner, District 2

Bill Brunson, Commissioner, District 4

Allen Booker, Commissioner, District 5

Mark Stambaugh, Commissioner, At Large Post 1

Bob Coleman, Commissioner, At Large Post 2

 

ALSO PRESENT:           Alan Ours, County Manager

Aaron Mumford, County Attorney

Cindee Overstreet, County Clerk

 

Discussion and consideration of the following:

 

1.         The FY 17 proposed budget

 

                        County Manager Alan Ours and Tonya Miller, Administrative Services Director and CFO, reported the following:

 

            The FY17 General Fund’s eight main categories are budgeted as follows:

Public Safety                                       $          26,853,822

Public Works                                                   10,169,268

General Government                                        9,839,403

Judiciary                                                            6,697,024

Culture and Recreation                                    3,504,432

Housing and Community Development            2,861,052

Debt Service                                                      1,958,994

Health and Welfare                                             749,495

$ 62,633,490

 


 

FY17 All Funds

 

 

Fund

 

FY16 Approved

FY17

Recommended

 

% Change

 

General Fund

 

$   60,251,377

 

$ 62,633,490

 

3.95%

Special Revenue Funds

23,679,317

24,689,054

4.26%

Capital Projects Funds

3,773,714

2,594,862

-31.24%

Debt Service Funds

-

872,823

N/A

Enterprise Funds

3,779,724

3,794,778

0.40%

Internal Service Funds

15,647,925

15,690,280

0.27%

Trust Funds

             4,674,937                   

  5,189,941                 

11.02%

Total:

     $ 111,806,994            

$ 115,465,228                    

3.27%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commissioner Booker recommended the county provide funding for the Coastal African-American Historic Preservation Commission, but only if the City of Brunswick also contributed.

 

2.         The Stabilization Fund

 

Ms. Miller explained the purpose of stabilization fund is to have operating cash available should a natural or manmade disaster strike the county. Maintaining a healthy fund of a minimum of $30,000,000 should allow the county to keep its AA+ bond rating. Very few counties in the nation have a AA+ bond rating. This rating makes the county’s bonds attractive to investors. Standard & Poor’s analysts have advised that if the county’s cash fell below 75% of operations, our bond rating would be downgraded. Also, the interest on the fund can be used for special projects.

 

EXECUTIVE SESSION

 

The Board did not hold an executive session during this meeting.

 

There being no further business, the meeting was adjourned.

 

 

                                                                                    ____________________________

Richard Strickland, Chairman

                                                                                    Board of Commissioners

                                                                                    Glynn County , Georgia

Attest:

 

_____________________________

Cindee S. Overstreet, Clerk