Town of Holly Springs

Board of Commissioners Regular Meeting

Friday, June 2, 2000

MINUTES

The Holly Springs Town Board of Commissioners met in continued session on Friday, June 2 2000 in the Town Board meeting chambers, located in Town Hall, 128 S. Main St. Mayor Gerald W. Holleman presided, calling the meeting to order at 6:45 p.m. A quorum was established as the mayor and all five board members were present as the meeting opened.

Board Members Present: Commissioners Tim Sack, John Schifano, Parrish Womble, Peter Atwell and Hank Dickson and Mayor Holleman.

Board Members Absent: None.

Staff Members Present: Richard B. Self, town manager; Ernest C. Pearson, town attorney; Joni Powell, town clerk (recording the minutes); Stephanie Sudano, director of engineering; Drew Holland, interim finance director; Len Bradley, director of parks and recreation; Luncie McNeil, director of public works; Thomas Tillage, director of Public Utilities; Cecil Parker, chief of public safety; and Ricky Blackmon, director of building code enforcement.

The purpose of this meeting was to continue budget workshop adjustments to the Town Manager’s recommended FY 2000-01 budget.

Commissioner Sack summarized the situation, saying that the spending plan features a proposed 58-cent tax rate, which is well above the 51-cent revenue-neutral rate following revaluation. He said the Board needed to make cuts in spending and look at alternative financing options in order to get the tax rate down to a more palatable 52 or 53 cents. He said the Board needed to make about $1 million in spending cuts, plus additional cuts to avoid the Town’s using $500,000 in Fund Balance to balance the budget.

Commissioner Womble suggested that the Town consider financing some of the larger capital outlay items, which would reduce spending down to annual installment payments rather than outright purchases in one year.

Mayor Holleman suggested that the Board look at making cuts in the larger capital outlay items or financing options; and that they consider bond issues for some of the other projects so that voters could choose which unfunded projects would receive priority.

The Board managed to make outright cuts for some items (and associated personnel positions) and authorized installment financing for others. In the end, the Town Manager said he felt like he could crunch the numbers to fit into a budget funded by a 53-cent tax rate.

Commissioner Sack said he would be happy if the numbers crunched enough that a 52-cent rate could be set.

12. Adjournment – There being no further business for the evening, the June 2, 2000 continued meeting of the Holly Springs Board of Commissioners was adjourned following a motion by Commissioner Schifano, a second by Commissioner Womble and a unanimous vote.

Respectfully Submitted on Aug. 1, 2000,

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Joni Smith Powell, CMC

Town Clerk