1
00:00:00,719 --> 00:00:04,120
There you go.

2
00:00:06,240 --> 00:00:14,639
» You got it. Yep.
>> All right. I guess just to uh get

3
00:00:13,040 --> 00:00:18,960
started again here, we had some trouble
with the microphones. Uh the first item

4
00:00:16,800 --> 00:00:23,119
we have is an update on the NES
playground and Dr. Leslie is here this

5
00:00:21,600 --> 00:00:27,359
evening. [clears throat]
>> Thank you. Good evening. Are you able to

6
00:00:25,039 --> 00:00:31,119
bring my PowerPoint up? Um because I
have a lot of numbers in it. So, I'll go

7
00:00:29,599 --> 00:00:35,760
ahead and give you some broad strokes on
the playground update, but I'm what I'm

8
00:00:32,880 --> 00:00:40,960
really here for um is to request that
we're able to make a 50% payment towards

9
00:00:38,320 --> 00:00:46,960
the phase 2 of the playground. We have
already made the 50% um payment for

10
00:00:43,680 --> 00:00:52,399
phase 1. Um we are slated to hopefully
break ground September 14th or within

11
00:00:49,360 --> 00:00:55,760
that vicinity on phase 1. Phase two, of
course, would be later. The reason I'm

12
00:00:53,920 --> 00:00:58,960
here today is we're hoping to get the
payment in for phase 2 as soon as

13
00:00:57,520 --> 00:01:02,800
possible because at the end of the
month, some of the running deals and

14
00:01:01,039 --> 00:01:06,799
some free shipping will run out for that
phase two. So, we were trying to get the

15
00:01:04,400 --> 00:01:11,280
most bang for our buck. Um, if you're
able, could you bring up the PowerPoint

16
00:01:08,720 --> 00:01:17,159
or the it's in a PDF file that I brought
that has the numbers in it. It's not in

17
00:01:13,920 --> 00:01:17,159
this file.

18
00:01:27,680 --> 00:01:36,200
I would do an interpretive dance, but
I'm under the weather, so I'm going to

19
00:01:32,479 --> 00:01:36,200
skip it for today.

20
00:01:41,360 --> 00:01:45,960
Long as we don't get no artwork, we all
right.

21
00:01:47,439 --> 00:01:53,240
» Actually, I think Dr. Pica said she
would try to be the dance.

22
00:01:58,880 --> 00:02:04,640
» Well, uh, without the PowerPoint, I
don't know if gentlemen, you have a copy

23
00:02:02,719 --> 00:02:12,319
of the PowerPoint in front of you, but I
do not have the numbers in front of me.

24
00:02:07,680 --> 00:02:17,040
» Thank you. Um, thank you.
So, in a nutshell, what I put together

25
00:02:14,480 --> 00:02:21,840
here was really just um some of the math
to take you through where we are and

26
00:02:19,680 --> 00:02:26,239
where we're going um with the playground
project. So, um of course, the board of

27
00:02:24,400 --> 00:02:29,239
supervisors had approved the funds of
$310,56524.

28
00:02:30,239 --> 00:02:37,879
Um and we had an original phase 1 uh
invoice for $325,789.

29
00:02:38,000 --> 00:02:44,560
And as I stated, thank you. Yeah. Um if
you could

30
00:02:42,640 --> 00:02:49,200
you know what go keep going we'll we'll
go past that one and come back. Okay

31
00:02:46,560 --> 00:02:54,480
we'll start here. Um so we had made that
payment of the 164854.

32
00:02:51,599 --> 00:02:59,360
Um bringing the balance down in that CIP
account to 147710.

33
00:02:57,040 --> 00:03:02,560
Um since that I have a limited list
here. I want to be clear that I will

34
00:03:00,959 --> 00:03:06,400
include all of the names of all of the
donors. Um but I just wanted to give you

35
00:03:04,560 --> 00:03:10,800
an overview. the boosters, the
community, the women of the moose, the

36
00:03:07,920 --> 00:03:14,959
Rachel Bechum, um, WY Foundation, some
anonymous donations. We've received so

37
00:03:13,280 --> 00:03:18,959
many donations from the community
boosters and from a grant um that the

38
00:03:17,280 --> 00:03:23,120
boosters took care of. So, we have an
additional $78,000,

39
00:03:20,959 --> 00:03:27,760
$78,258
um that has been added as of right now

40
00:03:25,760 --> 00:03:31,760
um to that or actually it hasn't been
added right as of right now. U Mr. Tlock

41
00:03:30,159 --> 00:03:35,200
is going to ask to transfer those funds
into that account, but that's what's

42
00:03:33,280 --> 00:03:41,840
physically here. Could you click the
next slide, please? So, um, what we are,

43
00:03:39,120 --> 00:03:46,959
you can go back up. Okay. So, what we're
requesting today would be, um, a payment

44
00:03:44,239 --> 00:03:49,959
of 50% for the phase 2, which is
$41,998.96.

45
00:03:50,720 --> 00:03:56,799
Um, as I stated, that would get us
started on phase 2. Otherwise, if we

46
00:03:54,799 --> 00:04:01,200
wait after the end of August, some of
the prices will go up. the free shipping

47
00:03:58,560 --> 00:04:06,000
will probably go away and we'd be
waiting until spring for phase two if we

48
00:04:04,000 --> 00:04:12,239
can get it in sooner. The plan is to get
it in um before winter. So um that's why

49
00:04:09,920 --> 00:04:14,959
there's such a rush on that. So that is
our request for this evening, but I

50
00:04:13,760 --> 00:04:18,400
would like to take you through the rest
of the finances really briefly just so

51
00:04:16,880 --> 00:04:23,840
that I'm transparent about everything
that we're doing. Next slide, please. So

52
00:04:21,359 --> 00:04:28,400
we do have in hand a check as of today
for $20,885.60

53
00:04:26,400 --> 00:04:32,000
60s from North umberland Elementary
School. This is comprised of funds that

54
00:04:30,479 --> 00:04:37,440
they had from doing from some
fundraising. Um we did have a shortfall

55
00:04:35,040 --> 00:04:41,840
of $88,516
and NES was willing to post that from

56
00:04:39,680 --> 00:04:44,880
their school activity funds. However,
they were even contacted today with

57
00:04:43,520 --> 00:04:49,680
somebody that wanted to make a further
donation. So, we're at we're um going to

58
00:04:47,680 --> 00:04:54,479
pay back the money that they had used to
give us that 8.8.8516 to finish out the

59
00:04:52,160 --> 00:05:00,720
project. In any event, that would bring
our total to $24,85546.

60
00:04:58,479 --> 00:05:04,160
I want to clarify that is not in the
account currently. I received the check

61
00:05:02,400 --> 00:05:08,080
today. So, it will need to be submitted
to the school board for approval for

62
00:05:05,840 --> 00:05:11,120
donation. Um, and once that happens,
then we'll go ahead and bring the check

63
00:05:09,440 --> 00:05:14,400
over to have it deposited, but I just
wanted to be clear that it's not

64
00:05:12,320 --> 00:05:17,280
physically in that account right now.
Um, so just to kind of bring you up to

65
00:05:15,919 --> 00:05:22,800
speed, that's going to bring our balance
back up to 204855. Next slide, please.

66
00:05:21,039 --> 00:05:27,919
Um, and that would mean when we go ahead
and pay the remaining balance for phase

67
00:05:25,199 --> 00:05:32,560
one of that 162854
again, it'll bring us our balance back

68
00:05:30,240 --> 00:05:36,320
down to $42,01.
Next slide, please. And when the time

69
00:05:34,560 --> 00:05:39,919
comes, we'll pay the final balance for
phase 2, which is $41,9.98.

70
00:05:38,880 --> 00:05:45,440
And we're going to have somewhere
between $25 and $29 left over. And of

71
00:05:44,080 --> 00:05:49,280
course, those are rounding errors from
when we split those payments in half to

72
00:05:47,199 --> 00:05:52,880
be able to make them. So, I actually had
given you an overview first, but since

73
00:05:51,280 --> 00:05:57,360
it took us a minute to get the slides
up, this is the detailed account um of,

74
00:05:55,680 --> 00:06:02,560
you know, the exact dollars that we have
going in and out um for the playground

75
00:05:59,360 --> 00:06:07,199
project as a whole.
>> So,

76
00:06:04,319 --> 00:06:13,759
what are your plans for the $25?
>> You know, I was thinking it wasn't quite

77
00:06:09,120 --> 00:06:19,560
enough to get coffee nowadays, so um not
sure. [laughter]

78
00:06:16,000 --> 00:06:19,560
Maybe some streamers.

79
00:06:20,560 --> 00:06:28,880
Very good.
>> Are there any questions? I did include

80
00:06:25,039 --> 00:06:34,560
the the um 3D phases um the 3D um images
for phase 2 um as well as the schematic

81
00:06:31,919 --> 00:06:38,080
drawing for phase 2 uh as well as the
invoice that we received for phase 2

82
00:06:36,400 --> 00:06:42,319
which is signed off on. So you'll be
able to see those. Of course in past

83
00:06:40,080 --> 00:06:47,440
meetings we have presented the phase one
invoices as well as the 3D drawings. Um

84
00:06:45,199 --> 00:06:51,120
the thing is we have a really [snorts]
full playground with these two phases

85
00:06:49,680 --> 00:06:56,240
combined. We have a lot of play
equipment. We have climbing equipment.

86
00:06:52,960 --> 00:06:59,440
We have bars. We have swings. We have um
I don't know when we were young they

87
00:06:57,759 --> 00:07:04,560
used to call them merrygorounds but like
spinny things. Um it is ADA compliant.

88
00:07:02,639 --> 00:07:08,880
We actually did include with the phase 2
we had had a piece of equipment that was

89
00:07:06,479 --> 00:07:12,319
donated to the school a couple of years
ago. It was installed in a different

90
00:07:10,560 --> 00:07:15,680
location, but the intention of the donor
was to have it in the playground, and

91
00:07:13,520 --> 00:07:22,840
we've been able to incorporate that um
with this phase 2 as well. So, lots of

92
00:07:17,919 --> 00:07:22,840
fun stuff for the students to play on.

93
00:07:22,960 --> 00:07:32,960
» So, total donations 204,800.
>> So, the total donations um really are

94
00:07:30,160 --> 00:07:39,720
going to cap out at n just about 99,000
and change. Um, if we take the 78258 and

95
00:07:36,400 --> 00:07:39,720
add the 20,886,

96
00:07:39,919 --> 00:07:46,240
and there's really only $2 left because
when I was originally doing the math to

97
00:07:43,440 --> 00:07:53,360
calculate, I used 84,83 instead of
$83,998.

98
00:07:48,479 --> 00:07:57,400
So, that's where that came from.
>> Any questions, board members?

99
00:07:57,919 --> 00:08:07,039
» And you ask today, is it 41,99848?
Yes, that we'd be able to make that 50%

100
00:08:04,479 --> 00:08:10,879
payment as soon as possible um so that
we can secure the equipment. I've

101
00:08:09,199 --> 00:08:15,360
learned through doing this project that
the biggest issue for time management,

102
00:08:13,919 --> 00:08:19,840
just like last time, as soon as we got
approval, we ordered the fabrication

103
00:08:17,520 --> 00:08:23,919
takes some time um in order to have the
playground equipment fabricated and then

104
00:08:21,919 --> 00:08:27,120
shipped to the person who will install
it. That is where um the biggest time

105
00:08:25,759 --> 00:08:32,640
is. So, the sooner I can get the order
in, the better. Good.

106
00:08:30,319 --> 00:08:37,440
Board members have any discussion on
this?

107
00:08:35,360 --> 00:08:42,399
» If not, how would y'all like to proceed?
>> I'd just like to note that the boosters

108
00:08:40,959 --> 00:08:46,240
did a wonderful job and y'all did a
wonderful job raising that money to

109
00:08:43,760 --> 00:08:47,200
raise $78,000, I believe, what you had
up.

110
00:08:46,560 --> 00:08:50,959
» Absolutely.
>> That amount of time is just

111
00:08:49,279 --> 00:08:55,120
» And as I said, there are still people
calling in offering to donate it. The

112
00:08:53,360 --> 00:09:00,519
community has just been a huge part of
this project, really getting us where we

113
00:08:57,040 --> 00:09:00,519
needed to be.

114
00:09:10,480 --> 00:09:14,720
Yes,
>> I've got uh actually three different

115
00:09:12,800 --> 00:09:19,600
motions if that's all right. Uh if the
board whenever you all are are ready.

116
00:09:16,880 --> 00:09:24,240
» We're ready. Um, the first motion I
would need is authorization to transfer

117
00:09:21,839 --> 00:09:30,440
from the school refund account to the
school CIP VIP account in the amount of

118
00:09:27,440 --> 00:09:30,440
$78,25844.

119
00:09:31,040 --> 00:09:37,440
So second
>> all in favor.

120
00:09:34,959 --> 00:09:43,279
» Any opposed? Okay, that's approved. All
right. The second motion we'll need is

121
00:09:40,000 --> 00:09:49,080
to transfer from the school CIP
um VIP account to 10-9103-7030

122
00:09:49,519 --> 00:09:53,399
in the amount of 41,998.96.

123
00:09:53,920 --> 00:09:56,640
» So moved.
>> Second.

124
00:09:55,519 --> 00:09:59,839
» All in favor?
>> I. Any opposed?

125
00:09:58,880 --> 00:10:03,279
» That's approved.
>> Thank you.

126
00:10:00,640 --> 00:10:06,000
» And then the last motion is to authorize
to proceed forward with payment as soon

127
00:10:04,880 --> 00:10:09,760
as possible.
>> So moved. Second it.

128
00:10:08,800 --> 00:10:13,360
» All in favor?
>> I I

129
00:10:12,080 --> 00:10:15,760
» All right, that's all I have for that
one.

130
00:10:14,000 --> 00:10:20,160
» Thank you. So hopefully in the first
full week of October, we'll be able to

131
00:10:17,680 --> 00:10:24,160
invite folks out to see phase one being
completed. Of course, phase two wouldn't

132
00:10:21,760 --> 00:10:27,360
quite be completed yet. Um but keep your
ears open. As soon as we have a finished

133
00:10:25,760 --> 00:10:33,079
state, we'll we'll make sure we get that
out. Thank you very much.

134
00:10:29,040 --> 00:10:33,079
» Certainly will. Thank you. Thank you.

135
00:10:33,200 --> 00:10:35,200
All

136
00:10:38,480 --> 00:10:45,920
right. The next item we have is
regarding the school CIP for the school

137
00:10:43,440 --> 00:10:51,839
bus. Uh they have received the school
bus and we do have the invoice. Uh so

138
00:10:48,959 --> 00:10:56,720
what we are asking for is the transfer
with supplemental appropriation

139
00:10:54,240 --> 00:11:03,600
um from the school CIP VIP account to
the 9103-7030

140
00:10:59,839 --> 00:11:07,839
in the amount of $161,684.
>> Motion to approve. Second.

141
00:11:06,240 --> 00:11:12,240
» All in favor?
>> I.

142
00:11:08,720 --> 00:11:15,200
» And also a motion to authorize uh to
proceed forward with payment as soon as

143
00:11:13,920 --> 00:11:21,959
possible.
>> Motion to approve. Second. All in favor?

144
00:11:18,959 --> 00:11:21,959
I

145
00:11:24,800 --> 00:11:35,079
» uh next item we have uh Davenport here
to talk to us further regarding the

146
00:11:31,040 --> 00:11:35,079
revenue anticipation note.

147
00:11:41,519 --> 00:11:48,079
» Very good. Members, uh Mr. Chair,
members of the board, nice to see you.

148
00:11:44,959 --> 00:11:51,600
Um, as always, Kyle Ls with Davenport.
Um, we've got a book in front of you

149
00:11:50,240 --> 00:11:55,519
that we'll walk through. It's the same
thing that's up on the screen for

150
00:11:52,800 --> 00:12:00,560
anybody watching in the uh audience or
in the public. Um, but we're really here

151
00:11:57,600 --> 00:12:04,880
this evening uh with a discussion of
revenue anticipation note. So, um, a

152
00:12:03,440 --> 00:12:10,000
little bit of background though before
we get into those details. um again in

153
00:12:07,839 --> 00:12:13,839
our role as your financial adviser and
certainly members of the board that have

154
00:12:12,320 --> 00:12:19,200
been on for a while. Good to see you and
a new member. Um nice to meet you maybe

155
00:12:15,680 --> 00:12:25,360
for the first time in person. Um, but
where we've really been in the last 12

156
00:12:21,600 --> 00:12:31,839
to 18 months is in this process of kind
of working uh our way, when I say our, I

157
00:12:28,079 --> 00:12:36,079
mean the county way uh through what was
really the end of fiscal year 24 and

158
00:12:33,680 --> 00:12:41,760
really fiscal year 2025
when your fund balances and your cash

159
00:12:38,000 --> 00:12:46,399
levels had declined to a point um where
you found yourself in a position where

160
00:12:43,920 --> 00:12:50,880
those had just dropped too too low. Um,
and they were low enough that given your

161
00:12:48,959 --> 00:12:54,639
cash flow cycles, knowing we collect
taxes once a year, which will show you a

162
00:12:52,720 --> 00:12:59,040
graph that you've seen before of what
that looks like, uh, really needed to go

163
00:12:57,200 --> 00:13:03,120
through a variety of steps to make sure
we could rectify that and make sure you

164
00:13:01,680 --> 00:13:08,320
can get the county back on a better
financial footing going forward. Um, and

165
00:13:07,040 --> 00:13:13,200
knowing all that, a lot of that was the
activity last year, about this time last

166
00:13:10,079 --> 00:13:18,079
year, uh, in the summertime, and you as
a county have taken a bunch of those

167
00:13:15,120 --> 00:13:22,720
steps that needed to happen to get
yourself back on [snorts] a much more

168
00:13:20,079 --> 00:13:27,279
solid financial footing. Um and so we're
here roughly a year later after those

169
00:13:24,800 --> 00:13:30,399
initial discussions um looking at
numbers, seeing your budget, so forth

170
00:13:28,639 --> 00:13:35,760
and so on, knowing that you've taken a
number of steps, uh to make sure that

171
00:13:32,480 --> 00:13:39,760
you as a county, um again, uh get
yourself back into good standing

172
00:13:37,360 --> 00:13:45,360
financially. Um and we think you're well
on your way there. Um but we're not

173
00:13:41,839 --> 00:13:50,160
entirely there quite yet. And so given
our cash flow cycles, given that it's

174
00:13:47,279 --> 00:13:54,160
August right now, we're really here uh
with a revenue anticipation note. Same

175
00:13:52,160 --> 00:13:58,240
thing we did last year. Um as county
staff had reached out to us and as we

176
00:13:56,720 --> 00:14:01,279
looked at those numbers, we agreed and
said, you know what, the cash levels are

177
00:13:59,680 --> 00:14:06,560
just at a point where they're they're
getting too low uh during the July,

178
00:14:04,079 --> 00:14:11,040
August, September, and October time
period uh to feel comfortable with the

179
00:14:08,720 --> 00:14:13,760
day-to-day cash flows that you have. And
so I'll just give you that as

180
00:14:11,920 --> 00:14:17,680
background. Um but again what we're
talking about here this revenue

181
00:14:14,880 --> 00:14:23,040
anticipation note is very much the same
process we went through last year. Um we

182
00:14:21,040 --> 00:14:27,199
would really like to be as your adviser
in a position whereby next year at this

183
00:14:25,279 --> 00:14:30,399
time we're not having this discussion.
Um and I think you're on your way there.

184
00:14:29,040 --> 00:14:34,399
Uh I think out of an abundance of
caution though the thought process is

185
00:14:32,480 --> 00:14:38,480
let's make sure you're really truly out
in the clear uh before we sort of get

186
00:14:36,800 --> 00:14:45,839
out of the cycle of of doing these
rants. Um so with that maybe we can go

187
00:14:42,079 --> 00:14:51,440
to page number one. Um again uh you know
us in terms of uh advisor. Um our role

188
00:14:49,199 --> 00:14:55,279
here is to be just that an adviser
sitting on the same side of the table as

189
00:14:52,880 --> 00:14:57,760
you. And so as we look at these numbers,
we're looking at those with you. We're

190
00:14:56,399 --> 00:15:02,480
not a bank. We're not here to lend you
money. Uh so forth and so on. Uh we know

191
00:15:01,360 --> 00:15:07,440
at the bottom of the page there, we went
through this process last year. um given

192
00:15:04,800 --> 00:15:13,440
some of the uh things that happened in
FY25, we did a $5 million RAM last year

193
00:15:11,760 --> 00:15:19,120
at about the same time period that was
paid off early. And so what we think we

194
00:15:16,160 --> 00:15:24,079
see at this point is a time period and a
situation we'll probably be in the same

195
00:15:21,120 --> 00:15:28,720
position whereby if we borrow 5 million
on a short-term basis right now um what

196
00:15:26,959 --> 00:15:32,480
it looks like should happen we don't
know for certain is we should be in a

197
00:15:30,560 --> 00:15:36,079
position to pay that off even earlier
than the balance of the calendar year in

198
00:15:34,320 --> 00:15:39,440
December. Uh but again part of our
thinking here is to act out of an

199
00:15:37,279 --> 00:15:45,519
abundance of caution. [clears throat] Um
so we'll go to the next page. [snorts]

200
00:15:42,880 --> 00:15:51,680
Um you may recall members of the board
uh that late last calendar year in about

201
00:15:48,160 --> 00:15:58,240
the December time period um county did
do a borrowing on a long-term basis and

202
00:15:54,880 --> 00:16:03,440
so that borrowing was about $2 million
about 2.3 million um and that was

203
00:16:00,720 --> 00:16:07,279
primarily to reimburse yourself for
prior [snorts] cash funded capital. what

204
00:16:05,920 --> 00:16:12,240
that basically means. In some of his old
years, we fronted some cash for capital

205
00:16:09,440 --> 00:16:16,880
projects uh that ended up being too much
and drew the cash levels down too much.

206
00:16:14,240 --> 00:16:21,680
And so part of the process last year was
to borrow on a long-term permanent basis

207
00:16:19,920 --> 00:16:25,759
um spread those payments out on those
capital projects like you might with

208
00:16:23,199 --> 00:16:28,880
your home or home equity line. Um and
make sure that we get the cash back into

209
00:16:27,360 --> 00:16:34,079
the bank. And so we've gone through that
process. um that should be over time

210
00:16:31,600 --> 00:16:40,000
clearly helping the cash and making sure
you get back to a point where uh likely

211
00:16:36,959 --> 00:16:44,320
a year from now uh we will not be having
the same discussion here. Um, also the

212
00:16:42,800 --> 00:16:49,360
bottom of the page there will note kudos
to the board. Um, obviously I'm making

213
00:16:46,959 --> 00:16:53,920
tough decisions, uh, but making sure
that you are putting some dollars back

214
00:16:51,519 --> 00:16:58,639
into the bank, so to speak, of the
county via your budget process that is

215
00:16:56,240 --> 00:17:03,440
just further helping, uh, to make sure
that your cash flows, your reserves are

216
00:17:01,519 --> 00:17:07,679
back into a good solid position going
forward. But again, we're standing here

217
00:17:05,600 --> 00:17:12,480
in August. You collect taxes here in a
couple months. We haven't really seen

218
00:17:09,520 --> 00:17:15,839
that cash come through uh the county's
coffers quite yet. And so that's why

219
00:17:14,480 --> 00:17:20,240
we're talking right now at the end of
August. Basically trying to bridge that

220
00:17:17,760 --> 00:17:28,039
gap comfortably between August,
September into October and November.

221
00:17:24,319 --> 00:17:28,039
So you go to the next page.

222
00:17:28,079 --> 00:17:37,200
Um so on page number three, this is our
uh graphical depiction, if you will, of

223
00:17:34,320 --> 00:17:40,799
the county's monthto-month cash flows.
And so there's a very pronounced trend

224
00:17:38,799 --> 00:17:44,320
here. So what this is looking at, um,
think about this as your checking

225
00:17:42,080 --> 00:17:48,240
account in your personal life. Uh,
you've got certain dollars that go in

226
00:17:45,919 --> 00:17:52,880
and out on a repeat cycle. Maybe it's
your mortgage, your utilities, so forth

227
00:17:49,679 --> 00:17:57,520
and so on. Um, the county operates in a
similar fashion with one major major

228
00:17:54,880 --> 00:18:03,039
exception. And that being that we as a
county collect taxes once a year, and so

229
00:17:59,919 --> 00:18:08,400
our primary revenue source comes in one
time a year. What that means is that we

230
00:18:06,160 --> 00:18:14,400
see these very pronounced
uh es and flows or peaks and valleys in

231
00:18:12,000 --> 00:18:20,320
the amount of cash you have in the bank.
Um the peak typically occurs late in the

232
00:18:18,000 --> 00:18:25,280
calendar year. So that would be in
November, December and January. Those

233
00:18:23,120 --> 00:18:29,280
are the peaks. You can see that those
have been going up. That's a good thing.

234
00:18:27,679 --> 00:18:34,000
What we worry about though and the real
problem is the valleys on the graph

235
00:18:31,120 --> 00:18:38,640
there. And that is when uh we've got to
make it from basically the fall when you

236
00:18:36,320 --> 00:18:43,840
collect tax revenue all the way for
another 12 months. Um and what's

237
00:18:41,840 --> 00:18:48,480
important in that is that your
expenditures as accounting do not follow

238
00:18:45,679 --> 00:18:52,480
the same cycle. And so your payroll, the
various uh other taxes, utilities, so

239
00:18:50,720 --> 00:18:55,520
forth and so on you need to pay just
like in your personal life, those are

240
00:18:53,760 --> 00:18:59,919
basically coming out on maybe a
bi-weekly, maybe a monthly basis. Uh you

241
00:18:58,160 --> 00:19:04,880
have certain other cyclical expenditures
like debt service. Um, and so those are

242
00:19:02,640 --> 00:19:09,840
coming out over time, meaning over the
year, uh, versus the revenues that are

243
00:19:07,280 --> 00:19:14,480
coming in basically in in big shots, if
you will, uh, at the end of the calendar

244
00:19:12,320 --> 00:19:18,480
year when you collect real estate taxes.
And so, we've seen this cycle. Um,

245
00:19:16,880 --> 00:19:21,919
again, it's not unusual for a local
government that collects taxes once a

246
00:19:19,919 --> 00:19:27,840
year, but what we really worry about
here is the low periods where by the

247
00:19:24,799 --> 00:19:32,480
cash gets just so so low, um, that we
need to make sure you got sufficient

248
00:19:29,280 --> 00:19:35,600
dollars to operate, to pay payroll, to
do those various things that are

249
00:19:33,600 --> 00:19:39,200
basically obligations of of the county
itself. One other point I'll make here,

250
00:19:37,919 --> 00:19:43,200
it's maybe a little nuance on this
graph, uh, but if you look at the

251
00:19:41,280 --> 00:19:51,840
valley, meaning the low points in those
graphs in 23, meaning 2023 and 2024,

252
00:19:48,880 --> 00:19:55,200
um, they were in and around $35 million.
It's not a lot of dollars for a county

253
00:19:53,360 --> 00:20:01,600
of your size, but much more comfortable
levels. What we saw as you got into

254
00:19:58,320 --> 00:20:06,160
2025, a year ago, is that valley was
down around a million dollars. So, it's

255
00:20:03,200 --> 00:20:10,880
a very low level for a county of your
size. And so, just kind of keep that in

256
00:20:07,919 --> 00:20:15,840
your mind. Part of what you've done is
to take some steps to start to rebuild

257
00:20:14,000 --> 00:20:20,320
such that those low periods aren't quite
as low. Um, but again, those haven't

258
00:20:17,919 --> 00:20:23,880
fully taken root just given the cycle of
when you collect taxes.

259
00:20:26,640 --> 00:20:32,400
So, we flip a page to page four.
And so on page four, we're taking the

260
00:20:31,200 --> 00:20:36,799
same information that we've gotten from
the treasur in terms of cash on hand,

261
00:20:34,960 --> 00:20:40,320
and we've just blown that graph up a
little bit so it's a little easier to

262
00:20:38,080 --> 00:20:45,679
see. And we're basically tracking about
the last two or so years. Um, and so you

263
00:20:43,679 --> 00:20:51,919
start on the left hand side, June of
2024, you're about $6 million, trends

264
00:20:49,919 --> 00:20:55,840
down a little bit to a low of maybe 4
million and some change. You collect

265
00:20:54,000 --> 00:20:59,840
taxes again beginning in that October,
November time period. you get up to a

266
00:20:57,919 --> 00:21:04,240
much more healthy level and you see that
first red arrow that is a very

267
00:21:01,600 --> 00:21:08,320
pronounced downward slide. Um that's not
necessarily a surprise. It's not unusual

268
00:21:06,080 --> 00:21:15,679
just given your your tax collection
cycle. Um but the problem and the worry

269
00:21:12,000 --> 00:21:20,960
is that there's a little bar there um 81
of 2025. We've drawn an arrow. That's

270
00:21:18,320 --> 00:21:24,799
the low period last year of the cash.
It's basically about a million dollars

271
00:21:22,960 --> 00:21:27,840
plus or minus. Um
>> can I stop you right there to ask a

272
00:21:26,320 --> 00:21:32,080
question? You might not be able to
answer this,

273
00:21:29,039 --> 00:21:36,720
» but it's an anomaly to me that 61 to 71,
we dropped that much money last year.

274
00:21:34,640 --> 00:21:41,840
» What caused us to drop that much money?
If you look at it last year, all the

275
00:21:38,400 --> 00:21:46,000
other years aren't that big of a drop.
What happened to county

276
00:21:44,400 --> 00:21:53,360
errors and emissions that went correct?
Was it we spent a lot of money from 61

277
00:21:49,600 --> 00:21:57,360
to 7125 last year? Look at that drop.
And if you look back at the history of

278
00:21:54,640 --> 00:22:01,520
what you showed, we don't see that drop.
>> Yeah, we're we're working with just pure

279
00:21:59,520 --> 00:22:05,760
cash dollars that were given to us. Um I
think there's probably a couple things

280
00:22:02,640 --> 00:22:08,400
that could be. Um we we're not the
auditors per se. We know there's a

281
00:22:07,360 --> 00:22:11,200
variety of things that were kind of
coming and going last year with some of

282
00:22:09,840 --> 00:22:15,520
the ARPA dollars and some things that
have gotten cleaned up as we understand

283
00:22:13,039 --> 00:22:20,640
it as the adviser um during that time
period. So my my hunch, I'll use that

284
00:22:18,400 --> 00:22:23,840
term broadly, is it was some of those
kind of things. Um, but again, we'd need

285
00:22:22,640 --> 00:22:29,120
to dig into that a little bit further in
terms of exactly what that would be.

286
00:22:27,760 --> 00:22:36,159
But I [snorts] think to your point, what
we see right now, it's August 24th, is

287
00:22:31,760 --> 00:22:41,039
as you look at where the graph was in
uh, it's labeled as June of 2025, and

288
00:22:38,880 --> 00:22:46,720
then take your eye to the right, June of
2026,

289
00:22:43,039 --> 00:22:52,400
we're about in the same spot we were a
year ago, roughly speaking, in terms of

290
00:22:49,360 --> 00:22:57,440
the ending cash of that time period. So,
um, as we sort of think about the

291
00:22:55,120 --> 00:23:03,919
typical cycles of things, stands to
reason that we will likely be moving

292
00:23:01,039 --> 00:23:08,320
downward in that same general trend
between July and August where we are

293
00:23:06,159 --> 00:23:12,320
right now. We've been talking to staff,
talking to the treasur a little bit. It

294
00:23:09,520 --> 00:23:15,760
seems like that is indeed occurring. Um,
wherein we've got a certain debt service

295
00:23:14,000 --> 00:23:18,799
payment that occurs in July, that's a
big number. You've got payroll that

296
00:23:17,120 --> 00:23:23,120
comes through. Those are cyclical
things. And so as we look at this with

297
00:23:21,440 --> 00:23:28,159
staff,
um the the thought process here in terms

298
00:23:25,200 --> 00:23:32,320
of this rand is the cash levels are at
about the same place they were last

299
00:23:29,679 --> 00:23:36,799
year, plus or minus. Um they should
clearly be improving as your tax

300
00:23:34,159 --> 00:23:40,799
collection cycle goes through this fall.
Um it doesn't look like they're there

301
00:23:38,320 --> 00:23:44,720
yet given the information we have. And
so out of an abundance of caution, let's

302
00:23:43,120 --> 00:23:49,360
make sure we get some dollars in place.
You can continue operating the way you

303
00:23:46,240 --> 00:23:52,720
have been. Um and make sure that uh
again you've got those operating dollars

304
00:23:51,039 --> 00:23:56,159
knowing we'll get to those. You can pay
those back very very easily and very

305
00:23:55,039 --> 00:24:00,559
flexibly.
>> Graph is nice but on 6126. What is the

306
00:23:58,559 --> 00:24:02,960
cash on hand?
>> 61.

307
00:24:01,200 --> 00:24:06,240
» It's about 7 million. Austin, do you
have that exact number?

308
00:24:05,280 --> 00:24:13,159
» 78
>> about 7.8 million.8 million. Yep.

309
00:24:09,919 --> 00:24:13,159
» Thank you.

310
00:24:20,000 --> 00:24:26,640
So that then takes us to page number
five.

311
00:24:24,080 --> 00:24:32,240
Um so what we've done uh similar process
as last year is we've gone out surveyed

312
00:24:29,520 --> 00:24:39,600
banks done a competitive bidding um
gotten bids back and so Blue Ridge Bank

313
00:24:36,000 --> 00:24:44,640
um give a proposal um their local branch
uh for again revenue anticipation note

314
00:24:42,080 --> 00:24:50,159
sometimes shorten it to Iran up to $5
million

315
00:24:46,320 --> 00:24:53,679
um interest rate here of a 6.23 23. Um,
importantly, and this is I think the

316
00:24:52,240 --> 00:25:00,000
really critical point here, the
prepayment provisions on this are very,

317
00:24:57,120 --> 00:25:03,279
very flexible. What that means is if we
were to borrow these dollars and you get

318
00:25:01,760 --> 00:25:07,520
that in hand to make sure your cash flow
is in good shape again for the next

319
00:25:05,039 --> 00:25:13,360
couple months, you can pay this off
early and in pieces, meaning you can

320
00:25:10,240 --> 00:25:17,600
partially prepay this. And so if you
find yourself as a county into

321
00:25:15,440 --> 00:25:21,520
September, into October, into November,
saying, "Hey, look, the tax collections

322
00:25:19,200 --> 00:25:26,320
have come in and we feel like we're in
good shape, then you can pay this off um

323
00:25:24,640 --> 00:25:29,919
even before you get to December, which
is the final maturity here." Um that's

324
00:25:28,799 --> 00:25:34,799
one of the things we really really like
about this option is you're in the cycle

325
00:25:33,039 --> 00:25:38,720
whereby things should be improving from
a cash position. Um we don't pretend to

326
00:25:37,360 --> 00:25:41,840
have that crystal ball of exactly what
that's going to look like over the next

327
00:25:40,000 --> 00:25:46,320
couple months. And so if we can get
something in hand that is a fixed rate,

328
00:25:43,679 --> 00:25:49,440
we know we can prepay it um even in
increments, meaning partially prepay it

329
00:25:48,159 --> 00:25:54,799
as you work your way through the next
couple months. That seems to give us the

330
00:25:52,799 --> 00:26:00,080
uh comfort, give you the flexibility to
manage your way through September,

331
00:25:56,799 --> 00:26:02,960
October, November, December. Um and uh
again, make sure you got those dollars

332
00:26:01,520 --> 00:26:06,080
in hand.
>> Sir,

333
00:26:04,400 --> 00:26:09,679
» uh quick question just for comparison
purposes. What was the rate that we

334
00:26:07,440 --> 00:26:15,279
borrowed against last year? The rate we
were last year was 4 um was that exact

335
00:26:13,120 --> 00:26:21,200
number?
>> Yeah, about 4.09. The difference this

336
00:26:17,840 --> 00:26:25,840
year is this will likely be done on a
taxable basis. So last year was on a tax

337
00:26:23,520 --> 00:26:31,760
exempt basis. This will likely be done
on a taxable basis. In order to uh

338
00:26:29,679 --> 00:26:35,919
borrow on a tax exempt basis, there's a
variety of other

339
00:26:33,919 --> 00:26:39,600
projections that we're going to need to
show. And I say we the county in terms

340
00:26:37,840 --> 00:26:47,520
of how those cash flows are going to
trend. Um and on top of that um to my

341
00:26:45,039 --> 00:26:51,279
left here Chris Kulp with uh Hunters K
through bond council um has to certify

342
00:26:49,919 --> 00:26:56,080
some of those things in terms of
providing a tax opinion to that. And so

343
00:26:54,320 --> 00:26:59,120
to do it on a taxable basis while the
rate is higher it's going to be a little

344
00:26:57,760 --> 00:27:03,679
more straightforward in terms of what
you're going to need to show for the IRS

345
00:27:00,799 --> 00:27:07,520
purposes in terms of documentation. Um,
it's also more straightforward and less

346
00:27:05,120 --> 00:27:12,880
costly for Chris to document um, in
terms of uh, the tax opinion with it.

347
00:27:11,279 --> 00:27:15,840
» And, and who was it we borrowed from
last year?

348
00:27:14,240 --> 00:27:20,720
» Last year we borrowed from First
Citizens Bank. Um, who during that time

349
00:27:18,880 --> 00:27:24,080
period is now out of the business of
governmental lending. Um, just kind of

350
00:27:22,960 --> 00:27:27,279
left the business
>> and nobody has taken their immediate

351
00:27:26,400 --> 00:27:31,039
replacement.
>> No. No. We would like that they would.

352
00:27:29,440 --> 00:27:34,480
They're a good bank to work with, but
they just they haven't.

353
00:27:36,799 --> 00:27:40,520
So on the next page

354
00:27:42,159 --> 00:27:50,640
um some details and some numbers related
to the proposal itself. Um again so up

355
00:27:48,559 --> 00:27:54,399
to 5 million
uh would be what is what is authorized.

356
00:27:53,039 --> 00:28:00,159
Doesn't mean you have to borrow the full
5 million but uh we've got up to 5

357
00:27:57,039 --> 00:28:07,039
million as as your ability to borrow in
that way. Uh the interest rate is 6.23.

358
00:28:03,600 --> 00:28:12,320
Um so the interest cost if that went the
entire 5 million from closing which we

359
00:28:09,600 --> 00:28:18,399
would expect to be next Tuesday through
December 18th which would be the final

360
00:28:14,240 --> 00:28:21,520
maturity is about $92,000.
Um

361
00:28:19,520 --> 00:28:24,320
» are there any other costs associated
slow?

362
00:28:22,720 --> 00:28:28,399
» Uh there will be some closing costs
associated with it. Probably about

363
00:28:26,399 --> 00:28:31,200
65,000 in the aggregate.
>> How much? about 65

364
00:28:30,159 --> 00:28:33,600
» in closing cost.
>> Correct.

365
00:28:32,080 --> 00:28:37,600
» We're going 100,000. So we're gonna pay
$100,000 for this note

366
00:28:35,200 --> 00:28:41,520
» roughly. Yep. Yep. But could be less if
you pay it off quicker.

367
00:28:39,039 --> 00:28:45,600
» Number two,
as a business, I've always used the open

368
00:28:43,200 --> 00:28:50,559
note. We take the money as we need it.
Is that available for county? Can you do

369
00:28:48,080 --> 00:28:54,640
this with this rand? Is there any
legality that says we can't do it as a

370
00:28:52,880 --> 00:28:58,880
county? I know the interest rate would
be higher, but we wouldn't have to

371
00:28:56,399 --> 00:29:03,120
borrow 5 million on it to get a pool as
we need.

372
00:28:59,360 --> 00:29:06,559
» It's a good question. Um, those legally
are much more difficult to do, if not

373
00:29:05,120 --> 00:29:09,919
impossible, just the way local
government finance works. Um, I get

374
00:29:08,320 --> 00:29:12,640
exactly your point where maybe even a
personal finance, if you've got like a

375
00:29:11,279 --> 00:29:16,720
home equity line or something like that
where you can borrow a little bit, pay

376
00:29:14,399 --> 00:29:20,880
it back, um, that revolving nature of
things, um, just from a tax code

377
00:29:19,360 --> 00:29:26,559
perspective and the legal structure of
it is much more difficult. um again to

378
00:29:23,919 --> 00:29:30,559
to get done. And so to your point
though, I think what we've tried to

379
00:29:28,480 --> 00:29:34,799
accomplish here is get you up to 5
million to borrow, but also be able to

380
00:29:32,720 --> 00:29:39,120
pay it down very quickly. If indeed you
work your way over the next couple

381
00:29:36,320 --> 00:29:42,159
months, meaning into September, October,
and you find yourself collectively with

382
00:29:40,720 --> 00:29:46,720
the treasur in a good cash flow
position, you just pay it down. That

383
00:29:44,240 --> 00:29:51,760
makes that 92,000
uh much smaller. So that 92,000 assumes

384
00:29:49,919 --> 00:29:58,480
that goes all the way through December
of final maturity. Um if you can pay it

385
00:29:54,640 --> 00:30:02,640
off quicker, that number gets smaller.
The other piece of it is um those

386
00:30:00,799 --> 00:30:08,000
dollars, we recommend at least you put
those in uh the local government

387
00:30:04,960 --> 00:30:11,360
investment pool called LGIP um operates
like a money market run by a state

388
00:30:09,360 --> 00:30:15,520
treasurer. Uh that's earning right now
about 3.8%.

389
00:30:13,679 --> 00:30:20,559
And so while you're paying out about
6.2, two, you're also earning up the net

390
00:30:17,520 --> 00:30:25,840
that money about 3.8. So on a net basis,
if this went all the way from again

391
00:30:22,799 --> 00:30:29,520
closing next week through December, the
net interest cost would be about

392
00:30:27,520 --> 00:30:33,440
$36,000.
Um, so that's important to keep in mind

393
00:30:31,360 --> 00:30:38,559
as well. Rates are higher, meaning on
the borrowing side, but also on the

394
00:30:35,360 --> 00:30:45,039
reinvestment side. And so when you take
those two into account, um, the net cost

395
00:30:41,840 --> 00:30:49,600
of that is about $36,000 in that range.
And if you can pay it off quicker, both

396
00:30:46,240 --> 00:30:53,279
those numbers get smaller.
>> I'm I'm a little bit confused. So,

397
00:30:51,840 --> 00:30:56,320
» if we follow through this, we'll have
the ability to borrow $5 million.

398
00:30:55,636 --> 00:31:01,600
[clears throat]
>> What What are the determining factors in

399
00:30:59,919 --> 00:31:05,440
what we actually borrow? Are you
recommending to county staff and then

400
00:31:03,600 --> 00:31:09,200
they're going to come to us with a
number that we're actually borrowing or

401
00:31:06,799 --> 00:31:13,440
or how do we come to that number?
>> Well, you've got we've got a proposal to

402
00:31:11,440 --> 00:31:17,520
borrow up to five. the resolution that
Chris has prepared allows you to borrow

403
00:31:15,039 --> 00:31:23,760
up to five. Given the numbers that we've
seen in the last couple pages, it seems

404
00:31:20,000 --> 00:31:29,440
to us that borrowing five and just
knowing you can pay it off early is the

405
00:31:26,640 --> 00:31:33,440
safest way to go. Um, and so our
recommendation given the numbers that

406
00:31:30,640 --> 00:31:37,440
have been given to us is to go ahead and
borrow the five and then again if you

407
00:31:35,760 --> 00:31:42,760
find yourself in a position very quickly
to be able to pay it down, then just pay

408
00:31:39,600 --> 00:31:42,760
it down.

409
00:31:51,760 --> 00:32:00,720
6.23. Is that where is that in relation
to current prime?

410
00:31:58,159 --> 00:32:05,200
» Um, municipal rates aren't ne based on
prime per se. Um, they're based on

411
00:32:03,120 --> 00:32:10,159
different indexes. Um, it's a little bit
above prime. Um

412
00:32:07,919 --> 00:32:14,720
uh but again it's a taxable rate on a
shorter term basis.

413
00:32:12,960 --> 00:32:17,720
» So it's a little bit above prime.
>> Yeah.

414
00:32:29,519 --> 00:32:37,919
We have 7.8 million now.
in let's say

415
00:32:36,399 --> 00:32:42,320
» well I think an important point here
just talking to Treasury you don't have

416
00:32:39,440 --> 00:32:43,279
7.8 million now you have that in
>> June

417
00:32:42,880 --> 00:32:47,642
» June
>> I think what you have now and I might

418
00:32:44,880 --> 00:32:50,080
turn around here you've got
[clears throat]

419
00:32:47,919 --> 00:32:55,840
» 3.8 you got about 3.8
>> that blows my question

420
00:32:52,480 --> 00:33:02,320
» you got payroll coming out that's about
two or thereabouts

421
00:32:58,880 --> 00:33:07,760
» 1.5 so uh again these aren't our numbers
but you're 3.8 8 you got about a million

422
00:33:04,480 --> 00:33:13,360
five coming out in payroll on Friday. Um
you know so at that point you're down in

423
00:33:10,000 --> 00:33:21,320
the two plus million dollar range. Um,
and so again, that's a pretty narrow

424
00:33:16,960 --> 00:33:21,320
margin for a county of your size.

425
00:33:21,519 --> 00:33:28,480
» What is the
perception

426
00:33:26,240 --> 00:33:33,120
of Northland County by the financial
world that we have we have taken out of

427
00:33:30,960 --> 00:33:36,640
and ran? We took one last year and we're
considering doing it again this year. Is

428
00:33:34,480 --> 00:33:40,159
that a black eye?
>> Um,

429
00:33:38,240 --> 00:33:44,320
it's it's not necessarily a good thing.
Um, you know, I think we and as I said

430
00:33:42,720 --> 00:33:49,440
at the beginning, we really not want to
not be in this in this cycle of doing

431
00:33:46,159 --> 00:33:54,000
RANs. Um, the other element we have here
is your 2025 audit isn't done yet. And

432
00:33:52,960 --> 00:33:56,880
so part [snorts] of the challenge here
and going to get this RAND and work

433
00:33:55,600 --> 00:34:00,559
through this process is we're still
waiting on the 2025 audit. And so as

434
00:33:59,440 --> 00:34:03,600
we're working with these banks and
bidding these things out, they want to

435
00:34:02,240 --> 00:34:11,760
see your most recent financial
information. Um, and 6:30 of 2025 was a

436
00:34:08,079 --> 00:34:16,960
year plus ago. Um, and so you're clearly
working your way through. You're getting

437
00:34:13,599 --> 00:34:20,240
there. Uh, but we got a challenging
series of discussions we think with the

438
00:34:18,960 --> 00:34:23,839
rating agencies. We got a Moody's
rating. We've talked about that in the

439
00:34:21,359 --> 00:34:28,399
past. I think with that 2025 audit,
that'll be a challenging discussion with

440
00:34:25,679 --> 00:34:34,399
Moody's in terms of the trend,
especially on the reserves and the fund

441
00:34:29,839 --> 00:34:38,480
balances from 24 to 25. Um, we're
hopeful maybe as we get to 2026 that's

442
00:34:37,119 --> 00:34:41,679
going to be a better situation. It seems
like it should be 2027. [snorts]

443
00:34:40,399 --> 00:34:45,599
You've done some things in terms of the
budget to make things just that much

444
00:34:43,119 --> 00:34:50,720
better. But I think the numbers we've
got right now, um, you got a challenging

445
00:34:48,320 --> 00:34:54,879
picture in terms of what 2025 look like.
Again, we don't even have the final

446
00:34:52,159 --> 00:34:59,680
audit yet. So, um, [clears throat] you
know, your term black eye in the short

447
00:34:56,720 --> 00:35:03,200
run, you got a black eye. Um, again,
we'll make sure we note publicly that

448
00:35:01,680 --> 00:35:07,440
you're doing things as a county to
rectify that. U, but we're still in that

449
00:35:05,839 --> 00:35:12,560
position. We got a little overhang from
that 2024 and 2025 time period.

450
00:35:10,640 --> 00:35:17,359
» I guess on top of his question, the
black eye,

451
00:35:14,800 --> 00:35:20,720
what is it in regard to our credit
reference credit rating? Does it does it

452
00:35:19,599 --> 00:35:25,359
affect our credit rating?
>> It it likely will. It likely will. Um,

453
00:35:23,520 --> 00:35:26,240
» next year's probably affected it, no
doubt.

454
00:35:25,760 --> 00:35:30,079
» Yeah.
>> By making it slow in this year, it's

455
00:35:28,320 --> 00:35:33,040
going to affect it again.
>> Yeah. So, I mean, a couple things with

456
00:35:31,280 --> 00:35:37,359
the rating agencies. So right now we're
actually on a watch list with our rating

457
00:35:34,800 --> 00:35:41,359
with Moody's because we haven't yet
delivered a 2025 audit to them. So what

458
00:35:39,760 --> 00:35:45,599
they really rely upon when they're
giving these assessments is they like to

459
00:35:43,599 --> 00:35:50,320
look at your audit information and they
also look at your budget. And so we have

460
00:35:47,599 --> 00:35:55,599
budgets. We don't have an official
audited set of financials to give them

461
00:35:52,160 --> 00:35:59,359
for 2025. So those discussions that
we'll likely have with the folks from

462
00:35:57,280 --> 00:36:05,680
Moody's will probably happen this fall
coming up. We need that 2025 audit to do

463
00:36:02,160 --> 00:36:08,640
that. Um, but we could see those being
definitely challenging negative

464
00:36:07,040 --> 00:36:15,960
discussions. We got some explaining to
do on what happened then uh in terms of

465
00:36:11,599 --> 00:36:15,960
2024 fiscal year in 2025.

466
00:36:16,000 --> 00:36:21,359
» So, and I think you're all you're making
very good points which are all rooted in

467
00:36:19,839 --> 00:36:25,839
the fact that we'd really rather not be
doing Iran right now. Um, it would be

468
00:36:24,480 --> 00:36:30,800
much better. I'll just say that very
publicly if we were standing here next

469
00:36:27,760 --> 00:36:34,000
August not doing Iran. Um but again as
your staff treasur have come to us and

470
00:36:32,320 --> 00:36:38,800
said look our cash levels are just where
they are. Uh the tax collections by

471
00:36:36,800 --> 00:36:45,200
virtue of this year's budget being 2027
don't come in uh for a couple months.

472
00:36:41,839 --> 00:36:50,240
And so as we look at those numbers uh
our you know sense of things is better

473
00:36:48,400 --> 00:36:54,160
safe than sorry. Make sure you got the
cash to continue operations. you get a

474
00:36:52,960 --> 00:36:57,599
surprise, you get an emergency,
something, make sure you got that cash

475
00:36:55,440 --> 00:37:02,495
flow. And again, pay the dollars off as
quickly as you can over the next couple

476
00:36:59,520 --> 00:37:02,495
months. [clears throat]

477
00:37:11,440 --> 00:37:15,680
» So, we'll go to the next slide here and
certainly happy to answer any other

478
00:37:14,079 --> 00:37:20,720
questions that we can.
>> Um, in terms of time frame, we're really

479
00:37:18,240 --> 00:37:24,800
here this evening. Chris Culp again to
my left has a resolution that can be uh

480
00:37:23,520 --> 00:37:29,200
adopted by the board. It's the only
action you as a board need to take. Um

481
00:37:27,200 --> 00:37:33,920
and then we really be looking to close
within a week uh again to make sure

482
00:37:31,359 --> 00:37:39,200
those dollars are in hand um and
available for funding of of the county's

483
00:37:36,560 --> 00:37:44,000
operations. So
with that certainly happy the questions

484
00:37:40,720 --> 00:37:47,119
that you have um Mr. chair, members of
the board,

485
00:37:45,119 --> 00:37:52,560
» are those interest rates that were uh
the reinvestment rates and the interest

486
00:37:48,720 --> 00:37:57,040
rate that we're borrowing against a firm
now. And

487
00:37:54,480 --> 00:38:01,599
when you close on the
>> the interest rate on the rand is fixed.

488
00:37:59,440 --> 00:38:06,560
We know that rate. The interest rate on
the reinvestment is also known today. It

489
00:38:04,480 --> 00:38:11,680
varies with the market and so that
functions like a money market. It'll

490
00:38:08,320 --> 00:38:14,480
vary week to week. Um, you know, we've
seen those rates going up a little bit,

491
00:38:13,040 --> 00:38:18,400
but that is the most current information
in terms of where that is. It held GIF

492
00:38:16,079 --> 00:38:21,599
about 3.8%.
>> How was there only one bank that

493
00:38:19,920 --> 00:38:27,359
responded
too short of notice? I mean, that's

494
00:38:25,040 --> 00:38:32,800
» Well, I think uh I think a couple
things. I think the fact that uh some of

495
00:38:30,640 --> 00:38:36,640
our again financials aren't up to date
makes it just that much more challenging

496
00:38:34,400 --> 00:38:39,640
when we're talking with banking
institutions.

497
00:38:40,560 --> 00:38:45,240
And my question is why are we up to
date?

498
00:38:50,560 --> 00:38:56,160
I know that should something you can't
answer, but we should be up to date.

499
00:38:53,760 --> 00:38:59,200
That that that kind of bewilders me
talking about asking us not you, but

500
00:38:57,760 --> 00:39:04,640
we're looking at borrowing $5 million of
the taxpayers's money and we're not up

501
00:39:01,680 --> 00:39:09,160
to date with some of these numbers
and we only get one bank to respond.

502
00:39:11,920 --> 00:39:17,200
Yep.
For context, what I mean what what we do

503
00:39:15,920 --> 00:39:23,040
know is your adviser will not the
auditor is uh I think you're close to

504
00:39:19,760 --> 00:39:28,960
having that 2025 audit. Um you are not
alone in being uh challenged in getting

505
00:39:27,200 --> 00:39:32,480
those done on time. Um that's something
we're seeing across a lot of local

506
00:39:30,079 --> 00:39:35,440
governments. It's not a good thing. Um
but it is something we're seeing across

507
00:39:34,079 --> 00:39:39,359
a lot of local governments, especially
smaller ones. Um, and [clears throat] so

508
00:39:38,000 --> 00:39:43,280
that may not help in the short run.
Doesn't mean that's a good thing, but

509
00:39:40,800 --> 00:39:46,800
just to give you that context. Um, and
we do know that what what you as a

510
00:39:45,040 --> 00:39:51,839
county have done roughly the last 12
months takes a long time to kind of get

511
00:39:48,400 --> 00:39:58,560
caught up in a relative time period. Um,
and so, uh, you've had about a year plus

512
00:39:55,280 --> 00:40:01,119
of call it cleanup. Um, and so I think
our hope and expectation is you get

513
00:40:00,079 --> 00:40:06,480
yourself out of that and you'll be back
and running again. uh the county prior

514
00:40:03,920 --> 00:40:09,920
to that time period um was not in that
situation.

515
00:40:08,480 --> 00:40:16,240
We don't know exactly why that happened,
so to speak, but um get some of those

516
00:40:12,960 --> 00:40:19,680
processes updated, so forth and so on.
Um again, you've been doing things as a

517
00:40:17,920 --> 00:40:22,680
county to to not be in that cycle
anymore.

518
00:40:26,160 --> 00:40:35,400
» I got one more question, but it kind of
pertains to this. for now discussions to

519
00:40:31,040 --> 00:40:35,400
have our taxes paid twice a year.

520
00:40:35,440 --> 00:40:40,880
» How will that help this county if we are
unable to enact that in the next year or

521
00:40:39,040 --> 00:40:44,560
two to get our money coming in every six
months

522
00:40:41,839 --> 00:40:48,320
» so we can avoid this kind of what I
consider a waste of taxpayers money put

523
00:40:46,240 --> 00:40:51,440
$100,000 in the borrowed money.
>> It's upsetting to me.

524
00:40:49,760 --> 00:40:54,680
» Absolutely. So if we can go back a
couple slides,

525
00:40:55,119 --> 00:41:03,200
go back one more if you don't mind. So,
so you see that very pronounced eb and

526
00:40:59,920 --> 00:41:08,480
flow peak and valley. Um, what would
happen if you would collect taxes twice

527
00:41:05,359 --> 00:41:12,480
a year is that would all even out. So,
the real problem that you have is not

528
00:41:10,160 --> 00:41:17,280
the peak, it's the fact the valley is so
low. And so, if you collected taxes

529
00:41:14,720 --> 00:41:24,000
twice a year, the peaks get smaller, but
the valleys get that much higher. And so

530
00:41:20,560 --> 00:41:27,040
your day-to-day cash flow in terms of
paying payroll, paying debt service,

531
00:41:25,520 --> 00:41:32,400
paying utilities, all those things that
come through, just like in your personal

532
00:41:28,880 --> 00:41:37,200
life and a routine cycle, um in the low
months right now, which is right now in

533
00:41:34,720 --> 00:41:41,200
your in your cycle, um you'd have just
that much more cash flow. You would have

534
00:41:38,560 --> 00:41:44,400
collected probably in June. And so if
we're sitting here in August, we're

535
00:41:42,560 --> 00:41:47,680
probably not having this discussion.
June, you got some dollars. You work

536
00:41:45,680 --> 00:41:51,298
your way through the summer, the valley
comes down, but not nearly as low as it

537
00:41:49,359 --> 00:41:54,319
is there. You probably don't need a ran.
[clears throat] Um the peak of it comes

538
00:41:53,359 --> 00:41:58,319
down a little bit, but that's not really
the concern right now. And so it just

539
00:41:56,079 --> 00:42:01,760
smooths that whole cash flow um
situation out, makes it much more

540
00:41:59,920 --> 00:42:05,680
resilient. Um because the other thing
you worry about is

541
00:42:04,240 --> 00:42:09,359
we're in a pretty, you know, normal
cycle right now, but if you had a bad

542
00:42:07,119 --> 00:42:12,800
storm go through
and you've got a million dollars in the

543
00:42:11,200 --> 00:42:17,280
bank as a county and you had to go out
and clean up trees or, god forbid, hit a

544
00:42:15,839 --> 00:42:21,440
school or something like that, that's
the other thing to worry about is where

545
00:42:20,079 --> 00:42:25,599
where are those dollars going to come
from if you really have a problem. It's

546
00:42:24,160 --> 00:42:28,560
sunny outside right now. Hopefully, it
stays that way and so forth and so on.

547
00:42:27,200 --> 00:42:31,680
You get a bad storm, a tornado, that's
the other thing that that we tend to

548
00:42:30,000 --> 00:42:36,240
worry about. That's a really challenging
phone call to get in terms of we got a

549
00:42:34,160 --> 00:42:40,880
problem, we got to fix it, we don't have
access to funds. Um, that's just that

550
00:42:38,640 --> 00:42:44,480
much more challenging to do. And so,
it's both having dollars for your your

551
00:42:43,200 --> 00:42:48,079
typical recurring business, your
payroll, so forth and so on, but also

552
00:42:46,079 --> 00:42:52,720
making sure you got some dollars for a
contingency that um could happen. I just

553
00:42:50,800 --> 00:42:56,640
use a storm as an example, but to answer
your question specifically, would twice

554
00:42:55,040 --> 00:42:59,680
your tax collection help your situation?
It would absolutely help your situation.

555
00:42:58,319 --> 00:43:03,599
There's no nuance to that. would be
helpful to you in terms of cash flow. It

556
00:43:02,319 --> 00:43:08,079
would help your reserve levels. We've
seen that in lots of other counties that

557
00:43:05,119 --> 00:43:12,800
have done that. Um it just makes your
finances that much more resilient.

558
00:43:10,960 --> 00:43:18,079
» Hypothetical question. I don't know if
this is the letter or who it is, but

559
00:43:14,800 --> 00:43:23,119
suppose we were on a 2-year cycle I mean
twice a year tax collection now

560
00:43:20,960 --> 00:43:26,800
hypothetically and we were borrowing
this money.

561
00:43:25,040 --> 00:43:31,680
Would we have enough money in December
to pay this loan back?

562
00:43:29,119 --> 00:43:35,119
If we were on a twice a year cycle,
>> well, I think Mr. Fischer, if you were

563
00:43:33,280 --> 00:43:39,359
on a twice a year tax collection cycle,
you probably wouldn't be borrowing this

564
00:43:36,560 --> 00:43:41,440
money. You wouldn't have to do this.
>> Should have cash on hand.

565
00:43:40,480 --> 00:43:45,680
» Yeah, you got it.
>> Not a question of how much cash flow the

566
00:43:44,240 --> 00:43:51,400
county is dealing with. It's when we
have it available to us. [clears throat]

567
00:43:47,920 --> 00:43:51,400
» Very well stated.

568
00:43:54,560 --> 00:44:00,720
I'm just thinking we'd have less
available if we got part of it in the

569
00:43:57,920 --> 00:44:05,040
fall and the other part
February, whatever. You'd have more

570
00:44:02,720 --> 00:44:07,839
available. You can be consistently
around a number and you're going to have

571
00:44:06,240 --> 00:44:11,680
the carryover from the year. We should
have like five or six million dollar

572
00:44:09,119 --> 00:44:14,960
carryover that's sitting there for this
county

573
00:44:13,440 --> 00:44:18,240
where something major happens or if we
need new software, we need anything we

574
00:44:17,119 --> 00:44:21,599
have the cash to do with it going back
to the taxpayers and saying we need

575
00:44:19,599 --> 00:44:24,720
another two, three, four, five cent.
>> Mhm. [clears throat]

576
00:44:23,119 --> 00:44:28,000
» Yeah. I think Mr. Williams, I would echo
your point that was very well stated.

577
00:44:26,319 --> 00:44:31,599
It's a timing problem is what you really
have as we've looked at your 27 budget.

578
00:44:30,319 --> 00:44:34,960
you've done some certain things in that
that are good, that are positive from a

579
00:44:33,040 --> 00:44:37,520
financial situation. You've put some
dollars in there to make sure you're

580
00:44:36,160 --> 00:44:42,240
burn you're you're adding to your
reserves. That's going to help this

581
00:44:39,440 --> 00:44:47,040
whole picture here. Um, but I mean, the
whole reason we're talking right now is

582
00:44:44,640 --> 00:44:51,280
not because the 2027 budget wasn't set
up properly. It was. It's because you

583
00:44:49,599 --> 00:44:56,560
just haven't collected taxi as a timing
problem. Um, and so we just got to

584
00:44:53,760 --> 00:45:00,640
bridge the gap this year to get you from
August through until when those tax

585
00:44:58,319 --> 00:45:03,680
collections start to come in. Uh but
again to answer that again specifically

586
00:45:02,079 --> 00:45:07,040
and I'll repeat myself. If you went to
twice your tax collection, it would

587
00:45:04,960 --> 00:45:11,200
definitively it would help. It would
make all of this likely a moot point in

588
00:45:09,040 --> 00:45:17,480
terms of having to borrow dollars to
make it through from uh the lean months

589
00:45:13,920 --> 00:45:17,480
which are right now

590
00:45:20,800 --> 00:45:26,560
in this loan. If we bought 2.5 million,
can we go back in

591
00:45:25,119 --> 00:45:30,720
October and borrow the other two and a
half? Does it all have to be one time $5

592
00:45:29,119 --> 00:45:36,720
million loan?
>> It's all got to be onetime $5 million.

593
00:45:33,920 --> 00:45:39,680
Um
yeah, there's I don't think there's a

594
00:45:38,079 --> 00:45:46,000
way we could set it up so you can kind
of do one piece and then the other. Um I

595
00:45:44,000 --> 00:45:52,079
mean so you could borrow less than 5
million right now. You could. Um our our

596
00:45:50,400 --> 00:45:57,200
our recommendation here is really just
rooted in the fact that as we looked at

597
00:45:53,760 --> 00:46:01,280
if we go one more slide
>> you have to ask like equity or something

598
00:45:58,960 --> 00:46:06,319
of that nature do that.
>> Yeah the the 5 million is really rooted

599
00:46:03,440 --> 00:46:09,359
in the fact that our cash levels as of
June most of recent information we have

600
00:46:08,319 --> 00:46:13,359
outside [snorts] of just sort of our
conversation with treasure here about

601
00:46:10,480 --> 00:46:17,359
the same place they were last year. Um,
we borrowed 5 million last year and so

602
00:46:15,839 --> 00:46:21,200
kind of keep ourselves in that same
cycle knowing we can pay it back early.

603
00:46:19,440 --> 00:46:24,640
» How much of the five did we actually use
last year

604
00:46:23,359 --> 00:46:27,040
to the best of your knowledge? I mean,
we're already later than what we were

605
00:46:25,920 --> 00:46:29,839
this time last year. I think we had
already borrowed on the board, but I

606
00:46:29,040 --> 00:46:35,839
think we had already borrowed. Now,
we're looking at September, October

607
00:46:32,720 --> 00:46:42,839
those two months. Do y'all know?
>> I I don't know, Pam. Do you know as far

608
00:46:39,119 --> 00:46:42,839
as of that five?

609
00:46:46,079 --> 00:46:51,960
I know initially it was 2 million um

610
00:46:54,640 --> 00:47:02,560
September October time frame
and then then the the tax money started

611
00:46:59,760 --> 00:47:06,040
coming in what October well September
and then October

612
00:47:08,880 --> 00:47:16,400
» that's what we actually used it in that
to 5 million last year.

613
00:47:13,599 --> 00:47:20,960
» I know that in that VIP account there
was what 2 million that that came out

614
00:47:19,200 --> 00:47:25,400
» uh in that September time frame
>> because I know we paid ourselves back

615
00:47:25,440 --> 00:47:29,680
different
>> that was a different that that was a

616
00:47:28,480 --> 00:47:33,839
separate that was different that was a
separate borrow.

617
00:47:32,000 --> 00:47:39,359
» Mr. Chairman, I'm I'm new at this so
please deal with my ignorance here but

618
00:47:36,720 --> 00:47:44,440
county has other monies correct.
Can we borrow from our other money or is

619
00:47:41,119 --> 00:47:44,440
that illegal

620
00:47:49,359 --> 00:47:54,480
pay and back in November? I I don't
know, but I know we just have we Am I

621
00:47:52,640 --> 00:47:59,280
correct on that?
>> A lot of our other monies are in the

622
00:47:56,000 --> 00:48:04,960
reserve fund. That's why it's
>> Well, you do have other monies like your

623
00:48:02,160 --> 00:48:08,480
opioid abatement funds. I would not
touch those because they're very

624
00:48:06,319 --> 00:48:17,680
specific as far as what they are to be
used for. Um, you do have your EMS

625
00:48:13,520 --> 00:48:23,160
billing monies. Um
certain things like that that uh

626
00:48:28,319 --> 00:48:33,839
but I don't know that you've got enough
to as far as covering that type of of

627
00:48:33,440 --> 00:48:40,000
cost.
>> That answered my question. Thank you.

628
00:48:35,760 --> 00:48:46,640
» What what well for years we went uh what
for years we went we didn't have this

629
00:48:43,040 --> 00:48:51,680
type of problem. what uh what brought it
about?

630
00:48:48,160 --> 00:48:56,079
» Um Mr. Long, if you recall, Mr. Long, as
we were talking last year, between

631
00:48:54,079 --> 00:49:02,240
fiscal years
23, 24, and 25,

632
00:49:00,079 --> 00:49:07,359
the county really ended up drawing down
its reserves. And so if you go back and

633
00:49:05,040 --> 00:49:11,200
look at those audits and you compare the
revenues to expenditures, there's a

634
00:49:09,839 --> 00:49:14,960
couple years in there we had more
expenditures than revenues. And so to

635
00:49:13,520 --> 00:49:19,599
your point, the number of years where,
and I think you can see this, go back

636
00:49:16,240 --> 00:49:24,559
one more slide if you don't mind.
Uh, so if you see those, you know, like

637
00:49:22,160 --> 00:49:29,760
2023, 2024,
the low periods aren't nearly as low.

638
00:49:27,280 --> 00:49:35,440
And then you get to 2025,
and that really is the year, meaning

639
00:49:31,520 --> 00:49:39,359
fiscal year, uh, that we would argue
sort of caused the situation whereby the

640
00:49:37,440 --> 00:49:45,440
revenues were just not sufficient to
cover the expenditures. And so, uh, the

641
00:49:42,480 --> 00:49:49,280
reserves were drawn down. Um, so you're
basically in a position to be

642
00:49:46,400 --> 00:49:53,960
replenishing those,
which is what you started to do last

643
00:49:50,640 --> 00:49:53,960
year's budget.

644
00:49:54,880 --> 00:49:59,680
» Say earlier that the cost of issuing the
loan was $65,000

645
00:49:58,559 --> 00:50:05,520
» roughly in the range.
>> How was that determined?

646
00:50:01,359 --> 00:50:08,160
» Uh, that's just that's us. That's uh on
this through you guys, not

647
00:50:06,484 --> 00:50:11,160
[clears throat] not the bank. Correct.
Correct.

648
00:50:18,720 --> 00:50:26,760
That's 65,000. If we bought 2 and a2
million, it's still 65,000. That's

649
00:50:23,760 --> 00:50:26,760
correct.

650
00:50:36,960 --> 00:50:39,960
Any

651
00:50:50,240 --> 00:50:55,760
further questions?
Got any questions? Mr. Tadlock, Mr.

652
00:50:54,880 --> 00:51:01,280
Basy?
>> I don't.

653
00:50:58,480 --> 00:51:06,040
» Anything else? Mr. Leaves think so.
>> Mr. Fisher, Mr. long.

654
00:51:06,400 --> 00:51:13,760
How much money will it take us to run
the next two months?

655
00:51:11,440 --> 00:51:18,720
We don't take any collections in
September and October. How much money

656
00:51:15,680 --> 00:51:22,040
will it take us to run?
Best estimates.

657
00:51:25,520 --> 00:51:29,079
» About $2 billion,000.

658
00:51:33,119 --> 00:51:39,280
Four million. We got a million and a
half after payroll. Like a million

659
00:51:37,839 --> 00:51:43,839
something. I think it was after payroll
coming out. You say next next week that

660
00:51:42,000 --> 00:51:48,040
no next payroll comes out
>> Friday. Friday.

661
00:52:02,960 --> 00:52:08,800
tough way to look at it. We don't know
that that $2 million is constant though

662
00:52:07,520 --> 00:52:13,040
because it's been the last couple of
months doesn't mean it will be.

663
00:52:10,319 --> 00:52:16,960
» According to that chart, it's not. I
don't know why, but according to that

664
00:52:14,400 --> 00:52:22,440
chart, there's big drops
in July from last year. I don't know

665
00:52:18,720 --> 00:52:22,440
what happened, but there's a huge

666
00:52:23,200 --> 00:52:29,599
If it's 2 million, it's two and a half.
We need a bar. That puts us in

667
00:52:28,160 --> 00:52:32,400
worse position than we were last year at
this time cuz we only borrowed 2

668
00:52:30,720 --> 00:52:35,520
million.
Am I missing something? Maybe we paid

669
00:52:34,240 --> 00:52:37,119
off some loans.
>> Say that again that time.

670
00:52:36,480 --> 00:52:41,040
» Say that again.
>> We borrowed $2 million last year.

671
00:52:38,559 --> 00:52:45,680
» No, we borrowed five.
>> Five. You used two.

672
00:52:43,440 --> 00:52:48,680
Now you talking and needed two and a
half.

673
00:52:49,040 --> 00:52:53,359
Am I missing something on that? I know
you say we're going in the right

674
00:52:52,160 --> 00:52:56,559
direction, but that doesn't seem like
the right direction to me.

675
00:53:01,760 --> 00:53:08,800
This is why we need to build the reserve
fund back up to the percentage that been

676
00:53:06,000 --> 00:53:12,640
recommended to us.
>> And once we get it there, we need to

677
00:53:10,960 --> 00:53:16,400
leave it alone and start putting money
in another account for capital

678
00:53:14,480 --> 00:53:25,440
improvements
and be done with it. We can't keep

679
00:53:22,800 --> 00:53:29,040
operating like this.
Got to be built back up when we have

680
00:53:26,960 --> 00:53:32,040
enough money to sustain the little
months.

681
00:53:39,280 --> 00:53:44,920
And how do we do that? Keep raising
taxes on their citizenry.

682
00:53:45,359 --> 00:53:49,480
They can't handle it much longer.

683
00:53:50,079 --> 00:53:58,160
That's what worries me.
Got to come up with a better plan

684
00:53:54,720 --> 00:54:03,960
somehow someway. But you they got to
raise taxes

685
00:54:00,559 --> 00:54:03,960
or cut services.

686
00:54:04,319 --> 00:54:12,319
See one without the other.
>> Yeah. If I could I'll I'll jump in then

687
00:54:09,920 --> 00:54:16,559
you'll cut me off. But to solve this
cash flow problem,

688
00:54:14,480 --> 00:54:19,920
the twiceear tax collection does that.
You don't have to raise taxes. You don't

689
00:54:18,480 --> 00:54:23,119
you've got the revenues and expenditures
on an annual basis. Twice your tax

690
00:54:21,920 --> 00:54:28,079
collection solves that whole problem.
And I get the math. It's we borrowed

691
00:54:25,280 --> 00:54:31,440
five, maybe we use two.
We're kind of crystal balling that a

692
00:54:29,440 --> 00:54:33,680
little bit. And so
has we don't have any better

693
00:54:32,960 --> 00:54:36,400
information. If we had better
information, we' we'd share it with you,

694
00:54:35,040 --> 00:54:40,640
but that's the information we have. And
so that what our recommendations based

695
00:54:38,079 --> 00:54:44,960
upon abundance of caution. But the twice
a year tax collection would it would

696
00:54:42,960 --> 00:54:52,319
solve this whole
this whole sort of ran cash flow timing.

697
00:54:49,200 --> 00:54:56,280
Um that would make this concept should
make this concept be largely.

698
00:54:58,880 --> 00:55:01,880
Anything

699
00:55:04,240 --> 00:55:09,200
else?
>> No, thank you. Appreciate you

700
00:55:08,079 --> 00:55:13,400
explanation here.
>> Yep. Thank you, sir.

701
00:55:22,480 --> 00:55:29,680
» Where's the end?
Where's the end to it?

702
00:55:30,400 --> 00:55:40,079
How soon we got to I know they got a
timeline on this September 1st, but

703
00:55:36,160 --> 00:55:47,359
how soon you looking tonight?
>> Uh, preferably.

704
00:55:41,920 --> 00:55:53,200
» Yes. Um, just from the standpoint of
knowing that it's going to take some

705
00:55:50,319 --> 00:55:56,440
time to go through the closing process
as well.

706
00:56:06,079 --> 00:56:09,079
Okay.

707
00:56:11,839 --> 00:56:16,720
» Any further discussion on this?
>> Yeah. The figures we have here, I do not

708
00:56:14,799 --> 00:56:23,200
feel comfortable. This ought to be
updated to now instead of 61.

709
00:56:21,760 --> 00:56:28,880
That's what I'm uncomfortable with right
here. where we actually stand.

710
00:56:27,440 --> 00:56:32,920
Figured we're using this two months ago
and we're going to take it another

711
00:56:29,920 --> 00:56:32,920
payroll.

712
00:56:33,200 --> 00:56:40,240
I just
>> we're at 3.8

713
00:56:38,640 --> 00:56:48,599
» 3.8.
Then you had a payroll 1.5 coming. Um

714
00:56:44,799 --> 00:56:48,599
so that puts you at 23

715
00:56:49,760 --> 00:56:55,680
two men.
Come on. That gets us through September.

716
00:56:55,200 --> 00:57:01,760
» Yeah.
>> Then October comes. So you're looking at

717
00:56:58,319 --> 00:57:04,400
maybe two million there like last year.
Maybe a little less because you start

718
00:57:02,880 --> 00:57:07,760
getting some income back in. You start
getting some tax money in in October. As

719
00:57:06,640 --> 00:57:13,559
you said, I think you got a little bit
September.

720
00:57:09,440 --> 00:57:13,559
That's good thing.

721
00:57:24,799 --> 00:57:31,119
What you think?
Do y'all see anything on the horizon

722
00:57:29,040 --> 00:57:34,960
that's going to
help out and bite us in the butt next

723
00:57:32,480 --> 00:57:41,240
two months? Any bills coming that we
don't foresee or something looming? Some

724
00:57:37,440 --> 00:57:41,240
payments we've got to make?

725
00:57:41,280 --> 00:57:51,599
» A lot of our debt service payments uh
have already gone out for July. Um,

726
00:57:49,119 --> 00:57:57,440
so as far as any large expenditures on
the county side, uh, I don't know if you

727
00:57:54,799 --> 00:58:04,599
know of anything different, but, uh, our
debt service payments really hit us in

728
00:57:59,280 --> 00:58:04,599
the July time frame. So,

729
00:58:16,000 --> 00:58:21,040
which that's been [clears throat] back
within her 3.8

730
00:58:20,319 --> 00:58:23,200
I'm
>> which which that has already been taken

731
00:58:22,960 --> 00:58:25,760
out
>> other that three

732
00:58:24,720 --> 00:58:29,119
» but you're still looking at two million
to run this county in each month

733
00:58:28,240 --> 00:58:33,680
» right
>> we don't have

734
00:58:31,520 --> 00:58:37,760
so yeah [clears throat] I hate saying it
but yeah you already know the decision

735
00:58:35,839 --> 00:58:40,480
you're going to have to make tonight
whether you want to make it or not you

736
00:58:39,040 --> 00:58:44,799
know what the decision is going to be
we're going to have to bar

737
00:58:42,799 --> 00:58:48,400
the decision is on how much we bar
number one

738
00:58:46,640 --> 00:58:53,040
» that that's
to bar five men to or 5 million. What

739
00:58:50,160 --> 00:58:57,040
are we doing? We might be wasting
$10,000 taxpayers money cuz it's $65,000

740
00:58:55,760 --> 00:59:01,640
for the loan.
>> This will borrow to 5 million to pay it

741
00:58:58,640 --> 00:59:01,640
back.

742
00:59:02,480 --> 00:59:10,079
» I don't have any trouble with borrowing
the money tonight, but we need to make

743
00:59:06,319 --> 00:59:16,720
efforts to start billing
taxes twice a year. That would alleviate

744
00:59:12,640 --> 00:59:21,480
this issue. We wouldn't be here tonight.
Well, we don't need to be here next year

745
00:59:18,480 --> 00:59:21,480
because

746
00:59:30,880 --> 00:59:35,319
well, it would it wouldn't go in place

747
00:59:37,040 --> 00:59:40,440
taxes out

748
00:59:42,079 --> 00:59:45,960
talking years.

749
00:59:47,200 --> 00:59:52,720
I'll offer just one one additional
point. Chris can correct me if I'm wrong

750
00:59:50,640 --> 00:59:56,720
here. I think the the resolution
authorizes not to exceed 5 million. So

751
00:59:55,040 --> 01:00:01,680
that's your that's your top level. So
you're obviously here as a board this

752
00:59:57,920 --> 01:00:05,520
evening. Um one path you could take is
you could approve that resolution not to

753
01:00:03,359 --> 01:00:09,680
exceed 5 million and then ultimately the
discretion as to exactly how much is

754
01:00:07,440 --> 01:00:14,079
borrowed is and Chris correct me if I'm
wrong here is really vested in the

755
01:00:11,599 --> 01:00:19,359
county administrator to finalize that.
And so if we're here on Monday evening

756
01:00:17,119 --> 01:00:23,280
and there's some additional discussions,
numbers, so forth, you can authorize up

757
01:00:21,839 --> 01:00:27,359
to five, not going to be more than five.
Everything we've shown you is up to

758
01:00:24,480 --> 01:00:31,760
five. And then to the extent there's
some information, you look at treasural,

759
01:00:30,000 --> 01:00:36,720
so forth and so on and say it's a
different number we're comfortable with

760
01:00:33,040 --> 01:00:40,531
that's lower than five, um, that
decision could be vested with with Lal,

761
01:00:39,440 --> 01:00:42,799
I think, and and Drew, but
[clears throat] I think Laly, the county

762
01:00:41,680 --> 01:00:46,079
administrator, Chris, you can correct me
if I'm wrong. That's correct. That's the

763
01:00:44,079 --> 01:00:51,119
way the resolution was done. If if the
board is um comfortable with that, it's

764
01:00:48,640 --> 01:00:55,839
an authorization of up to five with the
delegation to the cat administrator to

765
01:00:53,599 --> 01:01:02,079
approve the final details within those
parameters of the 5 million uh the

766
01:00:59,040 --> 01:01:08,480
repayment term, the end of December, and
then uh the interest rate uh at the at

767
01:01:04,880 --> 01:01:14,319
the taxable rate. Uh, one one additional
piece of information that may be helpful

768
01:01:10,240 --> 01:01:18,400
for you to at least know is that um it's
not as if you could borrow, you know, 2

769
01:01:16,480 --> 01:01:23,760
and 1/2 now and then find out that
that's not enough and then go out and

770
01:01:20,480 --> 01:01:28,960
borrow an additional 2 1/2 or 2 million.
You can't have more than one uh tax and

771
01:01:27,200 --> 01:01:33,119
revenue revenue anticipation note
outstanding at a time. You'd have to pay

772
01:01:30,799 --> 01:01:38,240
back the first one before borrowing the
second. So that's a reason why you may

773
01:01:36,000 --> 01:01:43,440
want to sort of on the side of adding
some cushion.

774
01:01:40,799 --> 01:01:47,079
» If you do do less than five, would the
interest rate change?

775
01:01:47,599 --> 01:01:53,000
» We could ask the bank, but I wouldn't
expect that it would.

776
01:01:50,000 --> 01:01:53,000
» Okay.

777
01:01:53,892 --> 01:01:55,912
[clears throat]

778
01:02:28,079 --> 01:02:33,599
How long does it take to get this loan
set up?

779
01:02:31,839 --> 01:02:38,799
» All right.
Let's just say for a sec. We said let's

780
01:02:36,640 --> 01:02:44,640
wait 3 weeks from now. How long does it
take you to get this loan set back up?

781
01:02:41,280 --> 01:02:48,880
» Oh, um it'll just take me five business
days. we got to work out with the bank

782
01:02:46,880 --> 01:02:54,640
uh and get the papers prepared. I don't
want to incur costs if you know

783
01:02:51,760 --> 01:02:58,079
unnecessarily obviously from standpoint.
>> Um but it take five business days. We

784
01:02:56,640 --> 01:03:03,760
got to prepare them and then get them
signed and get them to the bank. So a

785
01:03:00,400 --> 01:03:10,400
week's time uh would be important. I
don't know how quickly uh the money is

786
01:03:07,680 --> 01:03:12,480
needed from a cash flow standpoint with
you.

787
01:03:11,359 --> 01:03:15,920
» Thank you for that answer. Appreciate
it. Thank you.

788
01:03:16,319 --> 01:03:26,960
Mr. Tadlock, what basically not I see
the treasur what would be the increase

789
01:03:24,319 --> 01:03:32,000
in revenue this year on the new tax rate
approximately?

790
01:03:29,280 --> 01:03:37,599
» Well, we go 4 cent 400,000
cent, wasn't it? 1.6 million

791
01:03:35,599 --> 01:03:42,240
or am I wrong?
>> Um, no. I can look it up for you real

792
01:03:40,000 --> 01:03:47,160
quick.
a rough I don't need a complete just a

793
01:03:43,920 --> 01:03:47,160
rough number.

794
01:03:50,484 --> 01:03:52,504
[clears throat]

795
01:03:55,359 --> 01:03:58,359
Okay.

796
01:03:59,359 --> 01:04:03,720
How would y'all like to proceed with
this?

797
01:04:06,319 --> 01:04:11,480
What I'm seeing and where I'm sitting,
we don't have much choice.

798
01:04:16,960 --> 01:04:20,839
That's by taking two.

799
01:04:29,280 --> 01:04:36,640
Well,
gives me heartburn to do this, but

800
01:04:35,039 --> 01:04:41,960
I'll make a motion that we move forward
with the ran up up to the $5 million

801
01:04:43,839 --> 01:04:46,839
second

802
01:04:47,839 --> 01:04:55,119
» and and that's to approve the resolution
as set forth. Is there any other

803
01:04:52,640 --> 01:04:58,880
specific language that you need uh for
that approval?

804
01:04:57,200 --> 01:05:04,160
No, just the resolution as presented
unless there's an amendment.

805
01:05:01,920 --> 01:05:10,480
Okay.
>> All right. All in favor?

806
01:05:06,960 --> 01:05:15,119
» I I Any oppose?
It's approved. And gentlemen, we thank

807
01:05:12,720 --> 01:05:20,000
y'all for your time, but it's going to
be our goal not to have this meeting

808
01:05:17,359 --> 01:05:26,920
with y'all next year. And and please
don't take offense to that.

809
01:05:23,920 --> 01:05:26,920
Right.

810
01:05:32,720 --> 01:05:35,880
Thank you.

811
01:05:37,520 --> 01:05:45,119
» All right. The next item we have is uh
discussion on the county convenience

812
01:05:41,839 --> 01:05:49,760
center decals. Uh we did receive another
quote for uh decals to be sent out in

813
01:05:48,240 --> 01:05:56,799
2027.
total cost uh for the decals and to mail

814
01:05:53,119 --> 01:05:59,799
those and to have extra is going to be
$5,743.75.

815
01:06:00,319 --> 01:06:11,839
Um there's also some discussion as far
as what have we seen uh to date compared

816
01:06:08,240 --> 01:06:19,599
to this time last year. Um so you do
have a comparison for January through

817
01:06:14,400 --> 01:06:27,039
July comparing 25 and 26. Uh overall the
tonnage has decreased by approximately

818
01:06:23,119 --> 01:06:33,480
158 tons. Uh if you break that out uh
over the three sites, it's approximately

819
01:06:30,480 --> 01:06:33,480
$15,246.93

820
01:06:34,160 --> 01:06:42,039
as far as savings over the 7 months that
>> again, excuse me,

821
01:06:38,880 --> 01:06:42,039
» uh $15,246.93.

822
01:06:45,039 --> 01:06:54,480
uh in the documentation that you have
and it's posted in um Diligent as well.

823
01:06:50,799 --> 01:06:59,599
It breaks it down by each of the sites.
Um now keep in mind this does not uh

824
01:06:57,599 --> 01:07:04,319
this is just for 7 months. We don't have
a full year of [snorts] comparison yet

825
01:07:01,440 --> 01:07:08,240
with the decals only went into effect
January of this year.

826
01:07:06,480 --> 01:07:12,960
Um,
as far as

827
01:07:10,400 --> 01:07:20,000
the the tonnage, uh, we did see a
decrease from 24 to 25 as well, but

828
01:07:17,466 --> 01:07:25,440
[clears throat] there's a a graph, uh,
that shows the tonnage by site, and

829
01:07:22,960 --> 01:07:33,039
there's a table that also corresponds to
the 25 and 26. Uh we broke down the open

830
01:07:29,680 --> 01:07:37,520
tops um versus the closed which was the
the compactor. And where that makes a

831
01:07:35,760 --> 01:07:42,640
difference is that your compactor you
can get about approximately 9 tons on

832
01:07:40,240 --> 01:07:47,760
average whereas the open tops you're
running more along the lines of about 2

833
01:07:44,319 --> 01:07:53,359
and 1/2 three tons uh per pool.
So that's why I broke those numbers down

834
01:07:49,680 --> 01:07:59,520
for you as well as uh the number of
pools. Um, and you'll see that graph to

835
01:07:56,960 --> 01:08:04,079
the right of that, but the corresponding
table to that is uh at the top of the

836
01:08:01,760 --> 01:08:09,440
second page there.
Um,

837
01:08:05,680 --> 01:08:15,359
and then we also broke down I ran some
numbers for you all for the total

838
01:08:10,960 --> 01:08:22,799
tonnage from 2019 through 2025.
I thought that might provide you some um

839
01:08:18,480 --> 01:08:30,640
clarification as uh what we did prior to
CO, during CO and then coming out of CO.

840
01:08:26,239 --> 01:08:36,719
So um I I ran those numbers for you all.
And then the bottom graph there is just

841
01:08:34,000 --> 01:08:41,920
it I wanted to show what it was doing
over the course of the year. So, of

842
01:08:39,679 --> 01:08:49,040
course, during the uh winter months,
your tonnage is lower, but then uh

843
01:08:44,960 --> 01:08:54,159
increases during the summertime.
And then, of course, the 2026

844
01:08:51,679 --> 01:08:58,319
line drops to zero because we don't have
that data from August to through

845
01:08:56,080 --> 01:09:04,799
December.
Our projected

846
01:09:01,359 --> 01:09:11,520
fiscal year savings
got yours for uh 7 months, right? Right.

847
01:09:08,400 --> 01:09:16,719
That that is just the 15,000 is just for
the seven months. Um we did not project

848
01:09:14,719 --> 01:09:20,080
it out as far as the the rest of that
time frame.

849
01:09:17,920 --> 01:09:24,159
» And the the total cost of this decal
project if we were to move forward with

850
01:09:21,600 --> 01:09:27,440
it again is how much?
>> Uh $5,743

851
01:09:26,719 --> 01:09:32,159
» everything.
>> That's that's just the the print and

852
01:09:30,159 --> 01:09:36,880
mail and then ship the remaining of
those decals to us. It does not include

853
01:09:34,960 --> 01:09:42,080
staff time or anything like that. This
is just the $5,700 is just to print

854
01:09:40,719 --> 01:09:45,359
print the decals.
>> Is staff time a cost?

855
01:09:44,880 --> 01:09:49,600
» Um,
>> extra cost?

856
01:09:47,759 --> 01:09:54,800
» Not
not anything measurable that we could

857
01:09:51,600 --> 01:10:00,920
grab on to. I mean, it's staff is there
already

858
01:09:57,040 --> 01:10:00,920
during the day. So,

859
01:10:00,960 --> 01:10:07,360
we don't know that any of those savings
could be attributed to the decal

860
01:10:05,520 --> 01:10:14,400
program, although they they all could
be, but we've saved

861
01:10:12,159 --> 01:10:18,640
$1,000 over 7 months.
>> The building has dropped in the county

862
01:10:16,400 --> 01:10:24,000
the past two years, too.
>> And corresponded to that. And the one

863
01:10:21,120 --> 01:10:28,640
thing that catches me is
uh what was it? uh Lotsburg and

864
01:10:26,719 --> 01:10:34,320
Horsehead
were

865
01:10:31,360 --> 01:10:37,120
dropped compared to digitally
wasn't much difference and I would have

866
01:10:35,520 --> 01:10:40,800
thought that would have been different.
>> Well, you got to keep in mind now

867
01:10:38,640 --> 01:10:45,199
gentlemen, keep in mind there is
absolutely no enforcement here. I mean

868
01:10:43,040 --> 01:10:48,480
none.
>> How can you even how can you

869
01:10:46,800 --> 01:10:52,480
» stuff into the dump? Nobody said
anything about it. You're right. Wasn't

870
01:10:50,800 --> 01:10:56,560
the the understanding that if there was
somebody abusing our system, it was it's

871
01:10:54,640 --> 01:10:58,080
being done at the digitally
>> in any way, right?

872
01:10:57,360 --> 01:11:01,120
» I think
>> more so than others. I think

873
01:10:59,199 --> 01:11:08,320
» I presume that. I don't know it, but I
presume that. And the the the people who

874
01:11:04,640 --> 01:11:13,280
are working these sites are being paid
as we speak to enforce the decals.

875
01:11:11,199 --> 01:11:18,880
They've been paying for it every for
years and years. there had been decal

876
01:11:15,600 --> 01:11:26,159
but to my knowledge nobody has
nobody has uh instructed them even to

877
01:11:23,360 --> 01:11:30,480
look at the decals cuz we don't have a
set enforcement at at present time maybe

878
01:11:29,120 --> 01:11:39,280
we have something now we can put in
place I hope but for the last 6 months 8

879
01:11:35,120 --> 01:11:43,840
months since the decals have been uh
I've got three vehicles and I haven't

880
01:11:41,040 --> 01:11:48,880
put a single decal on the here. I mean,
I don't mind telling you. I go into it

881
01:11:45,600 --> 01:11:53,040
and I keep it log and
and nobody ever checks it and I I can

882
01:11:51,360 --> 01:11:58,159
see why they've never been told to check
it.

883
01:11:54,640 --> 01:12:01,679
Well, I I think we need to inform the u
the public that we're going to start

884
01:12:00,159 --> 01:12:05,600
this, but we got to get the word out
there. You know, it makes a big

885
01:12:03,920 --> 01:12:12,000
difference. A lot of people would follow
that if they knew that the people were

886
01:12:08,960 --> 01:12:19,040
enforcing, you know, but we got to get
it in paper, get get it other ways to

887
01:12:16,239 --> 01:12:24,719
the public and majority of them going to
do a disposal. My one of my problem is

888
01:12:22,480 --> 01:12:29,760
the potholes,
you know, in these sites. I mean,

889
01:12:27,360 --> 01:12:35,360
they're complaining. I mean,
people complain that it's is it's damage

890
01:12:33,360 --> 01:12:41,679
to a lot of vehicles still. People
running over these ples within uh within

891
01:12:39,360 --> 01:12:47,920
the sites.
>> One of the easiest ways to notify the

892
01:12:43,679 --> 01:12:54,280
public of the purpose of the decals and
is to do the enforcement.

893
01:12:50,000 --> 01:12:54,280
» Absolutely. Yeah. But you're contradic.

894
01:12:57,199 --> 01:13:04,560
» But you still you still need to get the
get the word out other ways too because

895
01:13:02,800 --> 01:13:10,960
if you get it to some people, they're
going to inform others. No,

896
01:13:08,480 --> 01:13:16,159
but uh
that's something we need to do

897
01:13:13,840 --> 01:13:19,440
because it's not being enforced. Not
>> have a bar code with a bar reader. When

898
01:13:18,000 --> 01:13:22,719
you pull up, if it don't click, you
don't get to double.

899
01:13:21,199 --> 01:13:24,640
Well, then you got then you got a
problem with who's going to enforce

900
01:13:23,760 --> 01:13:28,400
that.
>> Who's going to enforce that?

901
01:13:26,800 --> 01:13:31,920
» Well, then why are we doing it? See,
>> why are we doing it? Why are we spending

902
01:13:29,920 --> 01:13:35,360
the taxpayer money to do it?
>> Well, maybe maybe because maybe we did

903
01:13:33,760 --> 01:13:38,000
it because we did save some taxpayer
dollars.

904
01:13:36,080 --> 01:13:43,040
» You might be correct.
>> Mr. Hy would be correct. [clears throat]

905
01:13:40,880 --> 01:13:48,239
» Put a big sign up there say $500 fine if
you caught dumping their decal. That

906
01:13:44,480 --> 01:13:55,111
might turn their hits a little bit.
>> Yes, it would. It turned mine. I' I'd

907
01:13:51,360 --> 01:13:55,111
put mine on right quick. [laughter]

908
01:13:59,120 --> 01:14:03,360
» So, you're looking for a motion to do
this again is what we're looking for

909
01:14:02,159 --> 01:14:06,239
right now. What are we looking for?
>> Um,

910
01:14:04,881 --> 01:14:10,560
[clears throat]
we got to go into close session, too.

911
01:14:09,360 --> 01:14:14,239
» Yes.
>> Let's decide on this one. We come into

912
01:14:12,719 --> 01:14:20,080
close session. I want to think on it a
little bit. Yep.

913
01:14:17,199 --> 01:14:24,400
if that's okay with everybody.
Well,

914
01:14:22,400 --> 01:14:28,040
my uh
being a school teacher

915
01:14:28,239 --> 01:14:31,239
I

916
01:14:32,239 --> 01:14:39,600
classroom kids come there and behave
like they're supposed to.

917
01:14:37,520 --> 01:14:44,159
One reason
you you give them the rules at first,

918
01:14:42,000 --> 01:14:47,199
you know, and expect them to help you
follow them and a lot of them will. And

919
01:14:46,146 --> 01:14:54,080
[clears throat] that's reason I think we
should find ways to

920
01:14:51,440 --> 01:14:58,480
inform the public. This not put
something on them and they work in that.

921
01:14:56,000 --> 01:15:04,080
Well, I didn't know this, you know, but
we need to find ways to get that word

922
01:15:01,040 --> 01:15:07,239
out and I guarantee you have a judge of
them following.

923
01:15:08,080 --> 01:15:15,760
» Well, I will say we've had a steady flow
at the the window of individuals coming

924
01:15:13,280 --> 01:15:22,320
in to get decals
um at the county administrator's office.

925
01:15:17,920 --> 01:15:28,400
So, I word is getting out somehow that
the decals are are required. We did put

926
01:15:25,600 --> 01:15:33,520
signage up at all three sites um that
decals are required as well.

927
01:15:30,640 --> 01:15:37,520
» And that same wordage, mark my words,
that same wordage will get it as time

928
01:15:35,360 --> 01:15:46,760
goes by. They ain't doing nothing to
voters don't worry about. Mark my words,

929
01:15:41,440 --> 01:15:46,760
» and while people can actually see

930
01:15:47,600 --> 01:15:55,679
I am
on the fence, it depends. It's on all

931
01:15:52,480 --> 01:15:55,679
three places. All

932
01:16:02,080 --> 01:16:09,120
right. What you got?
>> Uh, next item is uh for the anti-litter

933
01:16:06,560 --> 01:16:14,960
committee uh district 5. We have an
appointment. Mr. Andy Hall has indicated

934
01:16:12,320 --> 01:16:19,760
that he's interested in sir.
>> I'm make a motion that we appoint Andy

935
01:16:16,640 --> 01:16:26,679
to the entire second.
>> All in favor? I I stalls on the anti

936
01:16:23,679 --> 01:16:26,679
committee.

937
01:16:44,960 --> 01:16:50,960
All right. Uh, next item we have is a
closed meeting. If y'all are ready to go

938
01:16:50,640 --> 01:16:54,880
into
>> Yes, sir. We're ready.

939
01:16:53,120 --> 01:16:57,920
» I need a motion that the Northland
County Board of Supervisors convene and

940
01:16:56,480 --> 01:17:03,040
close meeting pursuant to Virginia
Freedom of Information Act section 2.2

941
01:17:00,719 --> 01:17:08,480
3711A1 for the discussion and
consideration of personnel matters. In

942
01:17:05,360 --> 01:17:11,760
section 2.2 23711A29.
Discussion of the award of public

943
01:17:09,920 --> 01:17:15,760
contract involving the expenditure of
public funds, including interviews of

944
01:17:13,920 --> 01:17:20,080
biders or offers and discussion of the
terms or scope of such contract where

945
01:17:18,400 --> 01:17:24,239
discussion in open session would
adversely affect the bargaining position

946
01:17:22,239 --> 01:17:28,719
or negotiating strategy of the public
body. invited to attend closed meeting

947
01:17:26,560 --> 01:17:31,520
as necessary or the county administrator
and assistant county administrator as

948
01:17:30,239 --> 01:17:35,440
they are deemed necessary and the
presence will reasonably aid the board

949
01:17:33,520 --> 01:17:42,120
in his consideration of topics to be
discussed pursuant to Virginia Foy

950
01:17:37,679 --> 01:17:42,120
section 2.2 3712F

951
01:17:44,560 --> 01:17:48,920
all in favor [snorts] I

952
01:18:24,159 --> 01:18:30,159
a motion that the Northland Board of
Supervisors return to public meeting and

953
01:18:28,239 --> 01:18:34,560
certify by roll call vote that only
public mis business matters lawfully

954
01:18:32,320 --> 01:18:38,480
exempted from open meeting requirements
by Virginia Freedom of Information Act

955
01:18:36,719 --> 01:18:42,000
and as were identified in the motion
convening the closed meeting were heard,

956
01:18:40,560 --> 01:18:44,320
discussed, or considered during the
closed meeting.

957
01:18:43,679 --> 01:18:47,679
» So moved.
>> Second.

958
01:18:45,199 --> 01:18:49,679
» Okay. Roll call vote. Mr. Harris.
>> I.

959
01:18:48,080 --> 01:18:50,960
» Mr. Long.
>> Mr. Fisher.

960
01:18:50,560 --> 01:18:52,080
» I.
>> Mr. Williams.

961
01:18:51,679 --> 01:18:55,719
» Hi.
>> Mr. Breen's eye.

962
01:18:55,920 --> 01:18:58,920
» Great.

963
01:19:01,199 --> 01:19:09,040
Ready for?
>> Yes sir. Several motions here. Um the

964
01:19:04,880 --> 01:19:13,679
first item is uh motion to approve a
salary adjustment increase for employee

965
01:19:11,040 --> 01:19:19,760
number 10374
in the amount of $8,756.50

966
01:19:17,440 --> 01:19:25,719
effective August 1st, 2026.
>> So move.

967
01:19:21,520 --> 01:19:25,719
» All in favor? I

968
01:19:26,400 --> 01:19:34,080
» next close meeting item uh was a motion
to authorize the county administrator to

969
01:19:32,640 --> 01:19:38,880
further negotiate and sign the
engagement of pre- auditing services

970
01:19:36,400 --> 01:19:42,320
with Cherry Beckard through the Fairfax
County, Virginia Cooperative Procurement

971
01:19:40,640 --> 01:19:46,000
Contract for professional auditing
services.

972
01:19:43,920 --> 01:19:49,600
» So move second.
>> All in favor?

973
01:19:47,199 --> 01:19:55,520
» I.
>> All right. Uh last item that we had, we

974
01:19:53,679 --> 01:20:01,360
had previously discussed earlier in the
meeting and open meeting about the

975
01:19:58,159 --> 01:20:05,440
county convenience center decals. Um
just if the board's wishes to move

976
01:20:03,840 --> 01:20:07,600
forward with that, I just need
authorization to your

977
01:20:06,400 --> 01:20:12,159
» motion made to move forward.
>> Second.

978
01:20:09,199 --> 01:20:17,920
» All in favor? I got
>> and that is with the American Solutions

979
01:20:15,360 --> 01:20:20,920
uh for business uh in the amount of
$5,743.75.

980
01:20:21,280 --> 01:20:24,280
So,

981
01:20:26,880 --> 01:20:33,360
» um
we recently done our coverage testing

982
01:20:30,880 --> 01:20:37,520
for the new radio system.
I'd like to be able to and the rest of

983
01:20:35,760 --> 01:20:47,960
the board
have um a review of the coverage testing

984
01:20:42,719 --> 01:20:47,960
maps for the new radio system.

985
01:20:48,320 --> 01:20:55,440
And basically what that will do, it will
show us the coverage of the county of it

986
01:20:53,360 --> 01:21:00,480
with the new system.
I think that's something we need to look

987
01:20:56,880 --> 01:21:06,640
at and um make sure we're getting what
we paid for before we approve

988
01:21:03,440 --> 01:21:09,325
the system.
>> Percentage of counter do you think we're

989
01:21:08,000 --> 01:21:13,040
going to get coverage on?
[clears throat]

990
01:21:09,520 --> 01:21:18,920
» I think it was we were guaranteed 96%
94%.

991
01:21:15,440 --> 01:21:18,920
And that was on

992
01:21:20,159 --> 01:21:29,120
believe that was on a portable um with a
pel mic.

993
01:21:26,560 --> 01:21:33,440
» I hope uh hope the majority of your
coverage lease is located below the

994
01:21:31,840 --> 01:21:38,480
suffix scar throughout this county.
>> And that's what I want to see the um

995
01:21:36,000 --> 01:21:43,040
results on too. We know what the dead
spaces were in the county with the old

996
01:21:40,320 --> 01:21:48,640
system. I want to see how much the new
system has improved the coverage in

997
01:21:45,600 --> 01:21:54,560
those areas
because now is the time to address it if

998
01:21:51,199 --> 01:22:00,239
we don't see any uh
progress with the new system to it's

999
01:21:57,679 --> 01:22:02,560
it's got better coverage.
It's too late after you accept the

1000
01:22:02,000 --> 01:22:07,199
system.
>> Are these are these more powerful units?

1001
01:22:05,920 --> 01:22:10,560
Is that is that how they're going to
overcome this?

1002
01:22:09,520 --> 01:22:13,679
I
>> was no no no no reception transmission

1003
01:22:12,960 --> 01:22:19,120
no reception
>> Mr. fish. I wouldn't say it's what will

1004
01:22:16,000 --> 01:22:23,600
how in the unit. It's it's basically by
design. [gasps]

1005
01:22:20,719 --> 01:22:27,360
So, it's a loop system.
So, if you don't have coverage in one

1006
01:22:25,360 --> 01:22:34,400
area, you got another tower site that it
can ping off of or hit off of to cover

1007
01:22:32,560 --> 01:22:40,239
that those dead spots. And with the
antenna sites being closer,

1008
01:22:37,600 --> 01:22:42,000
um that should help eliminate some of
the dead spots.

1009
01:22:41,040 --> 01:22:46,239
» That's what I'm looking for.
>> Right.

1010
01:22:42,880 --> 01:22:51,280
um when they proposed the system to us,
I believe a coverage map was presented

1011
01:22:49,040 --> 01:22:57,199
to the county and some of the site some
of the area that you um got in you have

1012
01:22:54,239 --> 01:23:04,480
in question um did have a whole lot
better coverage according to their

1013
01:23:00,800 --> 01:23:11,760
coverage map. But since they've actually
used the system to go and test those

1014
01:23:08,800 --> 01:23:15,679
grids, I want to make sure that the grid
testing matches up with the original

1015
01:23:14,719 --> 01:23:18,159
coverage map.
>> Amen.

1016
01:23:16,320 --> 01:23:20,080
» If that makes sense.
>> That would sense.

1017
01:23:19,600 --> 01:23:25,360
» Yeah.
>> So that's I would like to see that

1018
01:23:22,880 --> 01:23:29,679
» in the near future. [snorts]
>> Heard anything from Verizon

1019
01:23:26,877 --> 01:23:35,280
[clears throat] on the two issues? Um
actually the gentleman called today um

1020
01:23:33,520 --> 01:23:43,760
and I had stepped out of the office so
I'll give him a call um related to the

1021
01:23:38,000 --> 01:23:48,760
the lines. Um I the the letter drafted
um getting ready to send that out. So

1022
01:23:50,560 --> 01:23:54,480
» okay what else you need sir?
[clears throat and cough]

1023
01:23:53,360 --> 01:23:58,400
» Well that's all we need.
>> Motion to adjurnn.

1024
01:23:55,760 --> 01:24:01,400
» I been a second. Second
all

1025
01:24:01,593 --> 01:24:03,613
» [clears throat]