1 00:01:59,760 --> 00:03:06,509 Mhm. 2 00:03:06,519 --> 00:03:08,519 » Good evening, everyone. 3 00:03:08,519 --> 00:03:10,120 Welcome to the Board of Commissioners 4 00:03:10,120 --> 00:03:12,280 special meeting and public hearing of 5 00:03:12,280 --> 00:03:15,000 the proposed annual budget for FY 6 00:03:15,000 --> 00:03:17,080 2026-2027 7 00:03:17,080 --> 00:03:21,760 for June 2nd, 2026 at 6:30 p.m. 8 00:03:21,760 --> 00:03:24,760 Can I have a motion to adopt the agenda? 9 00:03:24,760 --> 00:03:26,070 >> So moved. 10 00:03:26,070 --> 00:03:26,080 » So moved. 11 00:03:26,080 --> 00:03:27,430 >> All in favor? 12 00:03:27,430 --> 00:03:27,440 » All in favor? 13 00:03:27,440 --> 00:03:28,350 >> Aye. 14 00:03:28,350 --> 00:03:28,360 » Aye. 15 00:03:28,360 --> 00:03:30,070 >> Okay. 16 00:03:30,070 --> 00:03:30,080 » Okay. 17 00:03:30,080 --> 00:03:32,030 >> The agenda is adopted. 18 00:03:32,030 --> 00:03:32,040 » The agenda is adopted. 19 00:03:32,040 --> 00:03:34,200 Uh can I have a motion to open the 20 00:03:34,200 --> 00:03:36,640 public hearing? 21 00:03:36,640 --> 00:03:40,350 >> So moved. 22 00:03:40,360 --> 00:03:41,760 » All in favor? 23 00:03:41,760 --> 00:03:42,190 >> Aye. 24 00:03:42,190 --> 00:03:42,200 » Aye. 25 00:03:42,200 --> 00:03:43,310 >> Aye. 26 00:03:43,310 --> 00:03:43,320 » Aye. 27 00:03:43,320 --> 00:03:48,150 >> Okay. Public hearing is now open. 28 00:03:48,160 --> 00:03:49,560 Uh can I uh 29 00:03:49,560 --> 00:03:52,560 verify with the clerk? 30 00:03:52,560 --> 00:03:54,080 I now open the public hearing for the 31 00:03:54,080 --> 00:03:57,080 proposed fiscal budget 2026-2027 32 00:03:57,080 --> 00:04:00,560 for the annual budget for Waxhaw. Clerk, 33 00:04:00,560 --> 00:04:02,960 do you have a verification notice? 34 00:04:02,960 --> 00:04:04,910 >> Yes, the notice of this public hearing 35 00:04:04,910 --> 00:04:04,920 » Yes, the notice of this public hearing 36 00:04:04,920 --> 00:04:06,680 was published in accordance with the 37 00:04:06,680 --> 00:04:10,520 North Carolina General Statute 159-12. 38 00:04:10,520 --> 00:04:12,360 The proposed budget has been available 39 00:04:12,360 --> 00:04:14,080 for public inspection in the clerk's 40 00:04:14,080 --> 00:04:17,400 office and on the town's website since 41 00:04:17,400 --> 00:04:20,519 May 21st, 2026. 42 00:04:20,519 --> 00:04:21,750 >> Thank you. 43 00:04:21,750 --> 00:04:21,760 » Thank you. 44 00:04:21,760 --> 00:04:24,040 So, we have our presentation by our town 45 00:04:24,040 --> 00:04:42,870 manager, Scott Dodson. 46 00:04:42,880 --> 00:04:44,760 » Good [snorts] evening, mayor and Board 47 00:04:44,760 --> 00:04:46,280 of Commissioners. 48 00:04:46,280 --> 00:04:48,720 This evening, I'm proud to present the 49 00:04:48,720 --> 00:04:49,480 uh 50 00:04:49,480 --> 00:04:53,600 budget for fiscal year 26-27. 51 00:04:53,600 --> 00:04:55,600 Um I have a brief presentation that'll 52 00:04:55,600 --> 00:04:57,880 go over some of the highlighted portions 53 00:04:57,880 --> 00:05:01,440 of that, but as the clerk noted, 54 00:05:01,440 --> 00:05:03,400 the budget has been available to the 55 00:05:03,400 --> 00:05:05,680 public both on our website and here at 56 00:05:05,680 --> 00:05:08,160 town hall. So, people could review it 57 00:05:08,160 --> 00:05:10,280 and look at it. 58 00:05:10,280 --> 00:05:12,280 Um so, we're going to go through this 59 00:05:12,280 --> 00:05:14,520 very brief presentation and then I'd be 60 00:05:14,520 --> 00:05:15,840 happy to answer any questions that the 61 00:05:15,840 --> 00:05:19,190 commissioners have. 62 00:05:19,200 --> 00:05:22,320 Um so, by North Carolina law, I'm 63 00:05:22,320 --> 00:05:24,960 presenting a balanced budget and I am 64 00:05:24,960 --> 00:05:27,480 not recommending a tax rate increase. 65 00:05:27,480 --> 00:05:29,440 So, what does that mean? 66 00:05:29,440 --> 00:05:31,400 The total budget presented to you folks 67 00:05:31,400 --> 00:05:33,120 is 26.99 68 00:05:33,120 --> 00:05:34,400 million 69 00:05:34,400 --> 00:05:37,000 and that is balanced between revenues 70 00:05:37,000 --> 00:05:40,720 and expenditures. The tax rate um is the 71 00:05:40,720 --> 00:05:43,080 same as the current year and that is 29 72 00:05:43,080 --> 00:05:46,520 cent per hundred valuation. 73 00:05:46,520 --> 00:05:49,520 The increase in the budget is a total of 74 00:05:49,520 --> 00:05:51,640 1.75% 75 00:05:51,640 --> 00:05:55,840 over the prior year in um total cost and 76 00:05:55,840 --> 00:06:00,310 revenue. 77 00:06:00,320 --> 00:06:04,840 The board met um earlier in 2026 and 78 00:06:04,840 --> 00:06:06,920 talked about their top-tier strategic 79 00:06:06,920 --> 00:06:10,280 priorities and as part of this budget um 80 00:06:10,280 --> 00:06:12,480 the staff put together their budget 81 00:06:12,480 --> 00:06:13,840 request 82 00:06:13,840 --> 00:06:15,800 uh understanding what those top-tier 83 00:06:15,800 --> 00:06:19,600 strategies are. One, investment uh in 84 00:06:19,600 --> 00:06:22,280 managing and expanding infrastructure 85 00:06:22,280 --> 00:06:24,640 capacity and connectivity to support 86 00:06:24,640 --> 00:06:28,200 growth that is both already happened and 87 00:06:28,200 --> 00:06:29,800 uh may be coming. 88 00:06:29,800 --> 00:06:32,040 Growth management, foster a sustainable 89 00:06:32,040 --> 00:06:33,800 development approach that balances 90 00:06:33,800 --> 00:06:35,800 residential growth with commercial 91 00:06:35,800 --> 00:06:38,680 diversification. 92 00:06:38,680 --> 00:06:41,240 Three, economic sustainability, create 93 00:06:41,240 --> 00:06:43,000 opportunities for long-term fiscal 94 00:06:43,000 --> 00:06:45,960 resilience and economic vitality and 95 00:06:45,960 --> 00:06:49,000 organizational development. And that is 96 00:06:49,000 --> 00:06:50,800 uh cultivate a resilient and unified 97 00:06:50,800 --> 00:06:54,240 organization that um looks to serve uh 98 00:06:54,240 --> 00:06:57,520 the citizens and residents of Waxhaw uh 99 00:06:57,520 --> 00:07:00,680 to the best of its ability. 100 00:07:00,680 --> 00:07:03,360 So, let's look at the revenues. 101 00:07:03,360 --> 00:07:07,080 In the revenues, um which total 26.99 102 00:07:07,080 --> 00:07:09,200 million, of that 103 00:07:09,200 --> 00:07:10,840 15.32 104 00:07:10,840 --> 00:07:13,280 million are property and vehicle taxes. 105 00:07:13,280 --> 00:07:16,360 So, they make up uh the majority of 106 00:07:16,360 --> 00:07:19,360 revenues for the town. The next one 107 00:07:19,360 --> 00:07:22,400 would be sales and use tax. In Union 108 00:07:22,400 --> 00:07:24,600 County, they redistribute that based 109 00:07:24,600 --> 00:07:28,280 upon your ad valorem rate and uh uh 110 00:07:28,280 --> 00:07:31,440 other statutory requirements and that is 111 00:07:31,440 --> 00:07:34,120 at 5.87 million. 112 00:07:34,120 --> 00:07:37,040 Fees and other uh are about 1.64 113 00:07:37,040 --> 00:07:38,480 million. 114 00:07:38,480 --> 00:07:40,440 That includes building fees 115 00:07:40,440 --> 00:07:41,600 um 116 00:07:41,600 --> 00:07:44,000 uh fees for use of facilities and those 117 00:07:44,000 --> 00:07:45,680 kinds of things in the town. We don't 118 00:07:45,680 --> 00:07:48,560 have a lot of fees, but we do have um, 119 00:07:48,560 --> 00:07:51,120 enough that they are also in uh, 120 00:07:51,120 --> 00:07:52,680 this budget as well. 121 00:07:52,680 --> 00:07:56,080 Franchise tax of 1.3 million, special 122 00:07:56,080 --> 00:07:59,480 revenue funds about 1.17. 123 00:07:59,480 --> 00:08:02,240 I have recommended in this budget a $1 124 00:08:02,240 --> 00:08:04,360 million fund balance transfer from 125 00:08:04,360 --> 00:08:06,760 unappropriated fund balance in order to 126 00:08:06,760 --> 00:08:08,760 balance the budget. 127 00:08:08,760 --> 00:08:10,880 The last amount that we get are other 128 00:08:10,880 --> 00:08:13,320 state revenue shared revenues. Those 129 00:08:13,320 --> 00:08:16,640 would be things like alcohol taxes 130 00:08:16,640 --> 00:08:21,710 from the ABC store and other ABC permits 131 00:08:21,720 --> 00:08:23,800 as an example. 132 00:08:23,800 --> 00:08:27,400 Expenditures by department. Um, sorry if 133 00:08:27,400 --> 00:08:29,560 not everyone can read this out who is 134 00:08:29,560 --> 00:08:31,440 here tonight, but let me go through 135 00:08:31,440 --> 00:08:34,200 those briefly. Our largest department is 136 00:08:34,200 --> 00:08:36,240 the police department at 137 00:08:36,240 --> 00:08:40,080 6.36 million. Parks and recreation is 138 00:08:40,080 --> 00:08:44,680 2.6, sanitation by itself 139 00:08:44,680 --> 00:08:47,120 is 2.58 140 00:08:47,120 --> 00:08:49,200 million. 141 00:08:49,200 --> 00:08:51,080 Public services, which manages 142 00:08:51,080 --> 00:08:54,000 sanitation and facilities management, 143 00:08:54,000 --> 00:08:58,839 um, is next at 2.22 million. 144 00:08:58,839 --> 00:09:00,920 Uh, debt service we have pulled out to 145 00:09:00,920 --> 00:09:02,760 show what debt service is and that is 146 00:09:02,760 --> 00:09:05,160 debt service on the town campus. That 147 00:09:05,160 --> 00:09:08,080 would be town hall, public facilities 148 00:09:08,080 --> 00:09:09,640 for public services and parks and 149 00:09:09,640 --> 00:09:12,590 recreation. 150 00:09:12,600 --> 00:09:15,400 As well as debt service that is entering 151 00:09:15,400 --> 00:09:17,760 its last two years on the police 152 00:09:17,760 --> 00:09:21,839 department building on 16. 153 00:09:21,839 --> 00:09:25,480 Administration comes in next at 1.69 154 00:09:25,480 --> 00:09:27,400 and that is the overall administration 155 00:09:27,400 --> 00:09:29,000 of the town. 156 00:09:29,000 --> 00:09:31,920 Um, information technology, as all of 157 00:09:31,920 --> 00:09:34,360 you know who work on a day-to-day basis 158 00:09:34,360 --> 00:09:37,200 in any organization, IT is a big part of 159 00:09:37,200 --> 00:09:38,840 what we do and how we communicate and 160 00:09:38,840 --> 00:09:41,800 how we store store information and all 161 00:09:41,800 --> 00:09:43,960 the other things that we do. 162 00:09:43,960 --> 00:09:45,840 Engineering, we have uh we're fortunate 163 00:09:45,840 --> 00:09:47,560 to have an engineering department here 164 00:09:47,560 --> 00:09:50,760 that both reviews incoming plans as well 165 00:09:50,760 --> 00:09:54,640 as assist in overseeing uh the our asset 166 00:09:54,640 --> 00:09:56,680 management program as well as working 167 00:09:56,680 --> 00:09:59,480 with public services and others 168 00:09:59,480 --> 00:10:02,160 uh to uh deal with storm water, uh 169 00:10:02,160 --> 00:10:05,040 roads, um lighting and other kinds of 170 00:10:05,040 --> 00:10:07,240 things that go on around town. 171 00:10:07,240 --> 00:10:09,680 Facilities management um was actually a 172 00:10:09,680 --> 00:10:11,800 new department. It's handled and managed 173 00:10:11,800 --> 00:10:15,760 under public services at .82 uh million 174 00:10:15,760 --> 00:10:18,200 and they manage all of our facilities uh 175 00:10:18,200 --> 00:10:20,280 from the inside perspective and some 176 00:10:20,280 --> 00:10:21,600 outside. 177 00:10:21,600 --> 00:10:23,240 Planning and zoning then becomes the 178 00:10:23,240 --> 00:10:25,160 next one and that is where we had code 179 00:10:25,160 --> 00:10:28,000 enforcement as well. Uh building 180 00:10:28,000 --> 00:10:30,000 inspections is its own standalone 181 00:10:30,000 --> 00:10:32,240 department but works with and under 182 00:10:32,240 --> 00:10:34,760 planning and zoning and engineering. 183 00:10:34,760 --> 00:10:37,080 Then we have another internal service uh 184 00:10:37,080 --> 00:10:38,800 human resources, 185 00:10:38,800 --> 00:10:39,960 finance, 186 00:10:39,960 --> 00:10:42,000 uh business development uh which 187 00:10:42,000 --> 00:10:43,880 concentrates the the majority of its 188 00:10:43,880 --> 00:10:47,000 town time and talents in downtown as 189 00:10:47,000 --> 00:10:48,680 well as assisting in other economic 190 00:10:48,680 --> 00:10:50,760 development efforts around the town. 191 00:10:50,760 --> 00:10:52,960 Emergency management, we do house the 192 00:10:52,960 --> 00:10:55,720 fire marshal as well as transfer dollars 193 00:10:55,720 --> 00:10:58,480 over to the Waxhaw Fire Department. 194 00:10:58,480 --> 00:11:00,200 Um tax, 195 00:11:00,200 --> 00:11:02,600 that's the portion that the county takes 196 00:11:02,600 --> 00:11:04,440 uh when they collect the taxes for us. 197 00:11:04,440 --> 00:11:07,400 Most taxes are paid one time and uh 198 00:11:07,400 --> 00:11:09,560 that's our percentage. If you didn't 199 00:11:09,560 --> 00:11:11,720 have that there, you'd have people and 200 00:11:11,720 --> 00:11:13,520 uh you'd have a tax collector. So, the 201 00:11:13,520 --> 00:11:15,600 county does that for us but still cost 202 00:11:15,600 --> 00:11:16,720 us. 203 00:11:16,720 --> 00:11:18,760 Uh we have code enforcement standalone 204 00:11:18,760 --> 00:11:20,760 again. It's part of planning and zoning, 205 00:11:20,760 --> 00:11:23,200 building inspections and engineering, 206 00:11:23,200 --> 00:11:25,160 what we call development services and 207 00:11:25,160 --> 00:11:27,320 then the Board of Commissioners is last 208 00:11:27,320 --> 00:11:32,910 at um at .13 million. 209 00:11:32,920 --> 00:11:36,360 Um we again these presentations are made 210 00:11:36,360 --> 00:11:37,920 public so people can look at it. Some 211 00:11:37,920 --> 00:11:39,840 people view how these things are done a 212 00:11:39,840 --> 00:11:41,480 little bit differently. We tried to 213 00:11:41,480 --> 00:11:45,600 represent and regroup some of our um 214 00:11:45,600 --> 00:11:47,680 efforts and and the services that we 215 00:11:47,680 --> 00:11:51,480 provide in this way. About 26.8% of a 216 00:11:51,480 --> 00:11:54,000 dollar or 26.8 cents goes to public 217 00:11:54,000 --> 00:11:55,600 safety and that's police and emergency 218 00:11:55,600 --> 00:11:59,560 management. 14.9 cent out of a dollar is 219 00:11:59,560 --> 00:12:01,560 infrastructure and operations so that's 220 00:12:01,560 --> 00:12:03,400 public services, facility management, 221 00:12:03,400 --> 00:12:04,880 and engineering. 222 00:12:04,880 --> 00:12:07,760 Uh 12.7 is your general government and 223 00:12:07,760 --> 00:12:09,560 that is board of commissioners, admin, 224 00:12:09,560 --> 00:12:12,680 finance, tax, human resources. 225 00:12:12,680 --> 00:12:16,400 Parks and recreation is next at 10.2 226 00:12:16,400 --> 00:12:19,200 cents. Garbage is 9.4 cents of your 227 00:12:19,200 --> 00:12:22,040 dollar that you pay for every dollar. 228 00:12:22,040 --> 00:12:26,320 Uh your debt service is 8.5 cents. 229 00:12:26,320 --> 00:12:27,960 Um community development, that's 230 00:12:27,960 --> 00:12:29,680 planning and zoning, building, code 231 00:12:29,680 --> 00:12:31,600 enforcement, and business development, 232 00:12:31,600 --> 00:12:35,920 about 7.9. IT, about 5.6. IT's really 233 00:12:35,920 --> 00:12:37,960 become an infrastructure for us. As a 234 00:12:37,960 --> 00:12:39,640 basic rule, it's kind of how we have to 235 00:12:39,640 --> 00:12:42,560 base a lot of our operations. And uh at 236 00:12:42,560 --> 00:12:45,680 one time IT expenses were across in each 237 00:12:45,680 --> 00:12:47,640 department. Now we've combined them all 238 00:12:47,640 --> 00:12:49,680 into one department so that we can 239 00:12:49,680 --> 00:12:51,839 understand our um 240 00:12:51,839 --> 00:12:53,720 infrastructure better and our costs 241 00:12:53,720 --> 00:12:55,320 associated with same. 242 00:12:55,320 --> 00:12:57,280 The last uh last four cents is for 243 00:12:57,280 --> 00:12:58,680 capital investments and that's for 244 00:12:58,680 --> 00:13:02,000 capital reserve, capital outlay, and uh 245 00:13:02,000 --> 00:13:05,800 capital outlay reserves. 246 00:13:05,800 --> 00:13:08,240 So the three big drivers that are really 247 00:13:08,240 --> 00:13:11,280 driving up uh the need to stay at our 248 00:13:11,280 --> 00:13:14,080 current tax rate uh come from outside 249 00:13:14,080 --> 00:13:17,600 sourcing that is uh beyond our control. 250 00:13:17,600 --> 00:13:20,120 About 2.58 million or an increase of 251 00:13:20,120 --> 00:13:22,080 418,000 252 00:13:22,080 --> 00:13:23,680 for residential waste and that comes 253 00:13:23,680 --> 00:13:25,640 from two things. One, they have an 254 00:13:25,640 --> 00:13:28,240 automatic kicker in their contract which 255 00:13:28,240 --> 00:13:30,480 is up in 2028. 256 00:13:30,480 --> 00:13:32,760 That is normal in those contract means 257 00:13:32,760 --> 00:13:35,360 for about 4% 4.3 258 00:13:35,360 --> 00:13:36,960 and we grew 259 00:13:36,960 --> 00:13:39,360 to about 7253 260 00:13:39,360 --> 00:13:42,240 households up from 7000. So that 261 00:13:42,240 --> 00:13:44,560 pass-through cost is paid out of the tax 262 00:13:44,560 --> 00:13:47,480 rate but that was about a $418,000 263 00:13:47,480 --> 00:13:49,240 increase. 264 00:13:49,240 --> 00:13:51,120 $344,000 265 00:13:51,120 --> 00:13:53,720 or an increase of 104 for fuel gas and 266 00:13:53,720 --> 00:13:56,200 oil. Anyone going to the pump I probably 267 00:13:56,200 --> 00:13:59,880 don't have to say too much but we have a 268 00:13:59,880 --> 00:14:02,520 very spread out town and so we have to 269 00:14:02,520 --> 00:14:04,720 do a lot of traveling by 270 00:14:04,720 --> 00:14:06,120 vehicles. 271 00:14:06,120 --> 00:14:08,440 $310,000 272 00:14:08,440 --> 00:14:11,160 that's up 55,000 for street lights. As 273 00:14:11,160 --> 00:14:13,040 you folks know in the past year you've 274 00:14:13,040 --> 00:14:14,800 taken on more streets as they've been 275 00:14:14,800 --> 00:14:17,120 turned over and that increase one of the 276 00:14:17,120 --> 00:14:18,840 things we pay for our sidewalks, street 277 00:14:18,840 --> 00:14:21,870 trees and 278 00:14:21,880 --> 00:14:24,830 street lights. 279 00:14:24,840 --> 00:14:28,040 We also have other cost that are rising 280 00:14:28,040 --> 00:14:29,520 in there and I think it's worth noting 281 00:14:29,520 --> 00:14:31,680 facility electric as you can imagine 282 00:14:31,680 --> 00:14:33,720 electric rates are increasing and 283 00:14:33,720 --> 00:14:35,320 vehicle maintenance. 284 00:14:35,320 --> 00:14:37,280 Those are pass-through pass-through 285 00:14:37,280 --> 00:14:40,320 growth driven cost not discretionary 286 00:14:40,320 --> 00:14:41,720 spending. So these are things we are 287 00:14:41,720 --> 00:14:44,320 just trying to make sure that we're 288 00:14:44,320 --> 00:14:47,160 capturing and paying to maintain our 289 00:14:47,160 --> 00:14:48,839 systems. 290 00:14:48,839 --> 00:14:51,880 So staffing and compensation. So we have 291 00:14:51,880 --> 00:14:55,400 110 full-time positions and the 292 00:14:55,400 --> 00:14:59,839 equivalency of 15 part-time positions. 293 00:14:59,839 --> 00:15:03,040 In that 110 are four new patrol 294 00:15:03,040 --> 00:15:05,120 officers. So that is part of a 295 00:15:05,120 --> 00:15:06,360 three-year plan for the police 296 00:15:06,360 --> 00:15:08,600 department to bring our numbers on 297 00:15:08,600 --> 00:15:11,360 patrolling officers throughout the 298 00:15:11,360 --> 00:15:14,520 town up to the standards that our 299 00:15:14,520 --> 00:15:16,880 citizens expect and that are also 300 00:15:16,880 --> 00:15:18,839 industrial standards. 301 00:15:18,839 --> 00:15:21,320 That that rating system of of how many 302 00:15:21,320 --> 00:15:23,560 officers per thousand. 303 00:15:23,560 --> 00:15:25,720 In that compensation approach, we have 304 00:15:25,720 --> 00:15:29,280 2.5% for cost of living adjustment, and 305 00:15:29,280 --> 00:15:32,120 then we have a merit pool per department 306 00:15:32,120 --> 00:15:35,640 of 2%. Um the board discussed at their 307 00:15:35,640 --> 00:15:37,800 work session last week, and you'll 308 00:15:37,800 --> 00:15:39,440 discuss again on the 9th, how we 309 00:15:39,440 --> 00:15:42,200 formalize that that pool and how that 310 00:15:42,200 --> 00:15:43,840 works. 311 00:15:43,840 --> 00:15:46,040 Uh the officers that would be coming in, 312 00:15:46,040 --> 00:15:47,920 also it should be noted, would come in 313 00:15:47,920 --> 00:15:54,150 at at the half-year mark. 314 00:15:54,160 --> 00:15:57,880 So, in capital, the board adopted 315 00:15:57,880 --> 00:15:59,880 earlier, about a month and a half or so 316 00:15:59,880 --> 00:16:00,920 ago, 317 00:16:00,920 --> 00:16:04,880 a CIP plan, capital improvement plan. 318 00:16:04,880 --> 00:16:07,880 In that, that is a 5-year look, 319 00:16:07,880 --> 00:16:09,680 of which the board debated and 320 00:16:09,680 --> 00:16:14,880 prioritized over 49 projects, valued at 321 00:16:14,880 --> 00:16:18,320 13.3 million over 5 years. 322 00:16:18,320 --> 00:16:19,960 Now, 323 00:16:19,960 --> 00:16:21,960 so folks in the audience knows they 324 00:16:21,960 --> 00:16:23,600 adopted you folks adopted that by 325 00:16:23,600 --> 00:16:26,440 resolution, which means it is a plan. 326 00:16:26,440 --> 00:16:29,360 Uh when you appropriate is the next box 327 00:16:29,360 --> 00:16:31,480 over, and that is the fiscal year the 328 00:16:31,480 --> 00:16:33,320 proposed fiscal year 329 00:16:33,320 --> 00:16:36,480 27 CIP ordinance. This is when we 330 00:16:36,480 --> 00:16:39,240 actually appropriate dollars. Um the 331 00:16:39,240 --> 00:16:40,600 board has been working for the last 332 00:16:40,600 --> 00:16:45,470 couple of months to understand their um 333 00:16:45,480 --> 00:16:48,080 cash position, both unassigned, 334 00:16:48,080 --> 00:16:52,320 assigned, committed. Um so the amount of 335 00:16:52,320 --> 00:16:56,350 5,972,749 336 00:16:56,360 --> 00:16:59,080 dollars for the CIP ordinance actually 337 00:16:59,080 --> 00:17:01,320 comes entirely drawn from your savings 338 00:17:01,320 --> 00:17:04,319 account. So, your reserved 339 00:17:04,319 --> 00:17:09,280 uh CIP fund dollars, and uh the town 340 00:17:09,280 --> 00:17:11,560 board went through a lot of discussion 341 00:17:11,560 --> 00:17:13,800 about how we're 342 00:17:13,800 --> 00:17:15,280 where we put those dollars and what 343 00:17:15,280 --> 00:17:17,280 they're for. So, this ordinance is 344 00:17:17,280 --> 00:17:19,680 simply drawing them down. This does not 345 00:17:19,680 --> 00:17:22,640 reflect any new dollars in that. These 346 00:17:22,640 --> 00:17:24,439 are all reserved dollars for various 347 00:17:24,439 --> 00:17:25,959 projects. 348 00:17:25,959 --> 00:17:30,160 Um so, the ordinate the plan plans it. 349 00:17:30,160 --> 00:17:32,400 The ordinance appropriates it for this 350 00:17:32,400 --> 00:17:34,870 year. 351 00:17:34,880 --> 00:17:36,760 So, the capital projects funded for 352 00:17:36,760 --> 00:17:39,920 fiscal year 27, uh again, the total 353 00:17:39,920 --> 00:17:42,760 amount is 5. 9 354 00:17:42,760 --> 00:17:44,400 72749 355 00:17:44,400 --> 00:17:45,920 million. 356 00:17:45,920 --> 00:17:48,160 Uh Pine Oak signal, 357 00:17:48,160 --> 00:17:52,520 1675 Broom intersection, which is um 358 00:17:52,520 --> 00:17:54,560 a rather large project as you can see by 359 00:17:54,560 --> 00:17:56,480 the dollar amount and that is only our 360 00:17:56,480 --> 00:17:57,960 portion of it. 361 00:17:57,960 --> 00:17:59,960 Um there are also other dollars that 362 00:17:59,960 --> 00:18:02,000 come in and support this from the state 363 00:18:02,000 --> 00:18:04,240 and federal level. 364 00:18:04,240 --> 00:18:07,240 Kensington is a project by itself and 365 00:18:07,240 --> 00:18:08,480 you're beginning to see some of that 366 00:18:08,480 --> 00:18:10,520 work as you go to the Harris Teeter down 367 00:18:10,520 --> 00:18:11,920 Kensington. 368 00:18:11,920 --> 00:18:15,000 Helms Road extension is 369 00:18:15,000 --> 00:18:17,320 for this fiscal year will be the right 370 00:18:17,320 --> 00:18:19,680 of way. You've already started the 371 00:18:19,680 --> 00:18:22,120 dollar 750,000 372 00:18:22,120 --> 00:18:23,400 last year 373 00:18:23,400 --> 00:18:25,680 for design. 374 00:18:25,680 --> 00:18:28,160 The Helms Road, and you see that number 375 00:18:28,160 --> 00:18:31,920 next. 75 and Old Providence is another 376 00:18:31,920 --> 00:18:33,600 intersection set of 377 00:18:33,600 --> 00:18:36,960 intersection improvements at 710. 378 00:18:36,960 --> 00:18:38,520 The Mill Bridge signal, which is a 379 00:18:38,520 --> 00:18:41,760 signal right out of town hall here going 380 00:18:41,760 --> 00:18:43,800 towards the South Carolina line. It is a 381 00:18:43,800 --> 00:18:46,840 signal to allow for proper movement in 382 00:18:46,840 --> 00:18:48,640 and out of that development onto that 383 00:18:48,640 --> 00:18:50,800 road. As you all know, there are some 384 00:18:50,800 --> 00:18:53,120 blind sections in there. 385 00:18:53,120 --> 00:18:54,480 So, slowing traffic down in there is 386 00:18:54,480 --> 00:18:55,920 very important. 387 00:18:55,920 --> 00:18:58,480 Uh Kensington and a CARPO grant has come 388 00:18:58,480 --> 00:19:00,520 in to actually help that Kensington 389 00:19:00,520 --> 00:19:04,830 project up top. 390 00:19:04,840 --> 00:19:07,560 So, um 391 00:19:07,560 --> 00:19:09,000 at a date in the future, our 392 00:19:09,000 --> 00:19:10,800 recommendation is at your next regular 393 00:19:10,800 --> 00:19:12,440 meeting on the 9th, 394 00:19:12,440 --> 00:19:15,040 the board has the opportunity to adopt 395 00:19:15,040 --> 00:19:16,880 by ordinance the operating budget. 396 00:19:16,880 --> 00:19:19,720 That's the 26.99 million dollar budget 397 00:19:19,720 --> 00:19:21,720 balanced budget. 398 00:19:21,720 --> 00:19:23,920 And secondly, a capital improvement 399 00:19:23,920 --> 00:19:26,000 ordinance that appropriates those for a 400 00:19:26,000 --> 00:19:28,320 total of 5.9 401 00:19:28,320 --> 00:19:29,560 million 402 00:19:29,560 --> 00:19:32,120 for for that capital improvement 403 00:19:32,120 --> 00:19:33,480 ordinance. 404 00:19:33,480 --> 00:19:34,520 So, 405 00:19:34,520 --> 00:19:36,600 that is my presentation. Can I answer 406 00:19:36,600 --> 00:19:45,270 any questions of the board? 407 00:19:45,280 --> 00:19:47,960 » Scott, just like to start by saying 408 00:19:47,960 --> 00:19:49,240 thank you. 409 00:19:49,240 --> 00:19:51,640 Thank you to your 410 00:19:51,640 --> 00:19:53,920 the staff and the department heads 411 00:19:53,920 --> 00:19:58,000 for working with us, aligning with us 412 00:19:58,000 --> 00:19:59,760 all the way starting all the way back as 413 00:19:59,760 --> 00:20:00,760 I noted [clears throat] in our work 414 00:20:00,760 --> 00:20:04,160 sessions and our board retreat. 415 00:20:04,160 --> 00:20:06,240 And when we found that we were more 416 00:20:06,240 --> 00:20:09,120 aligned and rowing in the same direction 417 00:20:09,120 --> 00:20:11,080 and staff was hearing what we were 418 00:20:11,080 --> 00:20:12,560 seeking 419 00:20:12,560 --> 00:20:14,360 and that they were actually seeking 420 00:20:14,360 --> 00:20:17,280 similar things in a parallel track. 421 00:20:17,280 --> 00:20:18,960 I just would like to start by saying I 422 00:20:18,960 --> 00:20:20,800 know we are very appreciative of our 423 00:20:20,800 --> 00:20:22,080 staff 424 00:20:22,080 --> 00:20:24,520 and the work that they do for our town 425 00:20:24,520 --> 00:20:27,670 and our residents. 426 00:20:27,680 --> 00:20:28,760 With that, 427 00:20:28,760 --> 00:20:31,160 I'd like to go ahead and open up the mic 428 00:20:31,160 --> 00:20:33,640 to any of my other commissioners. 429 00:20:33,640 --> 00:20:35,110 >> Does anybody have anything else they'd 430 00:20:35,110 --> 00:20:35,120 » Does anybody have anything else they'd 431 00:20:35,120 --> 00:20:37,600 like to add or any questions? 432 00:20:37,600 --> 00:20:39,710 >> I'd also like to say thank you town 433 00:20:39,710 --> 00:20:39,720 » I'd also like to say thank you town 434 00:20:39,720 --> 00:20:41,960 manager and staff. I really appreciate 435 00:20:41,960 --> 00:20:43,440 all the work that's been put into this 436 00:20:43,440 --> 00:20:46,440 and especially uh 437 00:20:46,440 --> 00:20:48,480 what the staff has done with the 438 00:20:48,480 --> 00:20:50,640 reduction we asked for. I know it's not 439 00:20:50,640 --> 00:20:51,720 easy 440 00:20:51,720 --> 00:20:53,920 to do that and 441 00:20:53,920 --> 00:20:55,120 haven't 442 00:20:55,120 --> 00:20:57,400 I'm not a lifelong resident of Waxhaw, 443 00:20:57,400 --> 00:20:58,800 but um 444 00:20:58,800 --> 00:21:01,760 I don't remember a time when you know, a 445 00:21:01,760 --> 00:21:04,160 specific reduction number was put out by 446 00:21:04,160 --> 00:21:08,080 a Waxhaw board like this and um 447 00:21:08,080 --> 00:21:10,040 so it's I know I understand it's 448 00:21:10,040 --> 00:21:12,520 difficult and a bit of a new thing for 449 00:21:12,520 --> 00:21:15,120 you guys, but um I think it's also 450 00:21:15,120 --> 00:21:16,520 something you can take pride in that 451 00:21:16,520 --> 00:21:18,880 you've been true public servants 452 00:21:18,880 --> 00:21:21,200 with and public stewards of the 453 00:21:21,200 --> 00:21:23,320 taxpayers' money. So, thank you very 454 00:21:23,320 --> 00:21:25,600 much. 455 00:21:25,600 --> 00:21:28,750 >> Madam Mayor, would you like me to expand 456 00:21:28,750 --> 00:21:28,760 » Madam Mayor, would you like me to expand 457 00:21:28,760 --> 00:21:29,080 on that 458 00:21:29,080 --> 00:21:30,750 >> Yes, I was just going to say that, you 459 00:21:30,750 --> 00:21:30,760 » Yes, I was just going to say that, you 460 00:21:30,760 --> 00:21:32,920 know, uh Commissioner Don talked about 461 00:21:32,920 --> 00:21:35,640 um our discussions from our work session 462 00:21:35,640 --> 00:21:37,600 on May 5th and that we had asked if 463 00:21:37,600 --> 00:21:40,240 there was any more room, any wiggle room 464 00:21:40,240 --> 00:21:42,320 from the departments and we left it up 465 00:21:42,320 --> 00:21:44,120 to you all because you know what you 466 00:21:44,120 --> 00:21:46,880 need to operate day-to-day. Um we're 467 00:21:46,880 --> 00:21:48,280 always looking for savings and I know 468 00:21:48,280 --> 00:21:50,400 the taxpayers appreciate it and uh I 469 00:21:50,400 --> 00:21:52,760 also do would like to extend a thank you 470 00:21:52,760 --> 00:21:56,000 because um it is always more difficult 471 00:21:56,000 --> 00:21:58,600 to work with less, but and 472 00:21:58,600 --> 00:22:01,000 uh we appreciate the effort. 473 00:22:01,000 --> 00:22:03,230 >> So, let me go ahead and expand on both 474 00:22:03,230 --> 00:22:03,240 » So, let me go ahead and expand on both 475 00:22:03,240 --> 00:22:06,320 of your comments uh if that's okay. Um 476 00:22:06,320 --> 00:22:08,440 at last week's work session and actually 477 00:22:08,440 --> 00:22:09,920 this board has been working in working 478 00:22:09,920 --> 00:22:11,360 session for last month and a half. 479 00:22:11,360 --> 00:22:13,160 You've been dealing with capital, you've 480 00:22:13,160 --> 00:22:14,880 been dealing with uh what money do you 481 00:22:14,880 --> 00:22:16,720 have in reserve and making sure that you 482 00:22:16,720 --> 00:22:19,040 have those things there and we've been 483 00:22:19,040 --> 00:22:20,440 talking about the budget in 484 00:22:20,440 --> 00:22:22,480 generalities. Then we got a little bit 485 00:22:22,480 --> 00:22:24,600 more specific and into operations and 486 00:22:24,600 --> 00:22:28,480 personnel and then we got into um a a 487 00:22:28,480 --> 00:22:30,360 more generalized conversation by the 488 00:22:30,360 --> 00:22:32,640 board where you folks talked about 489 00:22:32,640 --> 00:22:35,560 several directions. So, um what I 490 00:22:35,560 --> 00:22:38,920 presented tonight um at in the first 491 00:22:38,920 --> 00:22:40,880 part of this meeting was the proposed 492 00:22:40,880 --> 00:22:44,280 budget by me, the the the manager with 493 00:22:44,280 --> 00:22:48,080 the assistance of a great uh team of um 494 00:22:48,080 --> 00:22:51,640 department heads and um as well as other 495 00:22:51,640 --> 00:22:53,680 staff who just really, you know, put 496 00:22:53,680 --> 00:22:56,200 their best foot forward to do that. So, 497 00:22:56,200 --> 00:22:58,120 at that work session meeting last week, 498 00:22:58,120 --> 00:23:00,440 the board asked us to consider some 499 00:23:00,440 --> 00:23:02,920 operational cost reductions and had a 500 00:23:02,920 --> 00:23:05,440 series of board questions. So, this 501 00:23:05,440 --> 00:23:08,120 very small presentation hopes to answer 502 00:23:08,120 --> 00:23:10,520 that. The board also has a memo from me 503 00:23:10,520 --> 00:23:12,520 on this that expands this in a little 504 00:23:12,520 --> 00:23:14,960 bit more detail as you debate the 505 00:23:14,960 --> 00:23:16,520 budget. 506 00:23:16,520 --> 00:23:19,160 So, the board directions were two 507 00:23:19,160 --> 00:23:22,040 concerns in general. Operational cost 508 00:23:22,040 --> 00:23:24,280 reduction, could we find and identify a 509 00:23:24,280 --> 00:23:26,920 minimum of 5% reductions in those 510 00:23:26,920 --> 00:23:30,400 operational costs? You had some specific 511 00:23:30,400 --> 00:23:32,880 focuses into IT software and travel 512 00:23:32,880 --> 00:23:34,600 expenses. So, 513 00:23:34,600 --> 00:23:36,640 I highlight that because we heard you 514 00:23:36,640 --> 00:23:38,800 and we we tried to deal with some of 515 00:23:38,800 --> 00:23:40,400 those areas and I'll talk about that as 516 00:23:40,400 --> 00:23:41,640 in a second. 517 00:23:41,640 --> 00:23:43,800 Second was the board had a concern about 518 00:23:43,800 --> 00:23:45,640 fund balance preservation. So, my 519 00:23:45,640 --> 00:23:47,080 recommendation is a million-dollar 520 00:23:47,080 --> 00:23:48,400 drawdown. 521 00:23:48,400 --> 00:23:51,280 If you do the savings reduction, can you 522 00:23:51,280 --> 00:23:53,760 decrease that drawdown in your savings 523 00:23:53,760 --> 00:23:55,680 accounts? And these are your unassigned 524 00:23:55,680 --> 00:23:59,640 savings accounts. So, staff, I really 525 00:23:59,640 --> 00:24:01,640 have to commend and I appreciate y'all 526 00:24:01,640 --> 00:24:05,360 highlighting them. Uh we sat around in a 527 00:24:05,360 --> 00:24:07,920 room. Nobody complained. Everybody put a 528 00:24:07,920 --> 00:24:10,480 piece of paper to a pencil, pencil to a 529 00:24:10,480 --> 00:24:13,200 piece of paper, and worked it out. And 530 00:24:13,200 --> 00:24:14,840 they worked with each other, and I'm 531 00:24:14,840 --> 00:24:16,640 really proud of what they were able to 532 00:24:16,640 --> 00:24:19,000 do. So, our staff response, I want to 533 00:24:19,000 --> 00:24:22,560 talk about it is twofold. One, 534 00:24:22,560 --> 00:24:25,360 they found the 5% target and actually 535 00:24:25,360 --> 00:24:29,040 exceeded that up to a 7% reduction in 536 00:24:29,040 --> 00:24:32,520 operations. Um and that total is around 537 00:24:32,520 --> 00:24:34,560 511,000. 538 00:24:34,560 --> 00:24:36,760 Um we recommend preserving the current 539 00:24:36,760 --> 00:24:39,880 tax rate in order to do that. That would 540 00:24:39,880 --> 00:24:43,000 allow less money to be drawn down from 541 00:24:43,000 --> 00:24:44,760 fund balance. So, in the important 542 00:24:44,760 --> 00:24:47,400 budget context down below, 543 00:24:47,400 --> 00:24:48,720 um 544 00:24:48,720 --> 00:24:52,120 I want to remind the board that 577,000 545 00:24:52,120 --> 00:24:54,320 is that uncontrollable cost increase 546 00:24:54,320 --> 00:24:57,400 that is out there, which means it stacks 547 00:24:57,400 --> 00:24:59,120 the next year. 548 00:24:59,120 --> 00:25:01,080 Just want fair warning for the board. 549 00:25:01,080 --> 00:25:03,080 So, um I know you folks are conscious of 550 00:25:03,080 --> 00:25:06,160 that, but that those costs will stack. 551 00:25:06,160 --> 00:25:07,240 Um 552 00:25:07,240 --> 00:25:08,720 and you know, of course, we've 553 00:25:08,720 --> 00:25:10,360 recommended those be remain in the 554 00:25:10,360 --> 00:25:12,160 budget, so we worked around those into 555 00:25:12,160 --> 00:25:14,320 other areas of operation. 556 00:25:14,320 --> 00:25:17,320 Um and that would allow you to only have 557 00:25:17,320 --> 00:25:20,760 to draw down 488,570 558 00:25:20,760 --> 00:25:22,720 dollars in in your unassigned fund 559 00:25:22,720 --> 00:25:25,920 balance, thus preserving around 511 in 560 00:25:25,920 --> 00:25:27,560 in your savings accounts for future 561 00:25:27,560 --> 00:25:28,800 needs. 562 00:25:28,800 --> 00:25:32,200 So, um but I I I I wanted to make that 563 00:25:32,200 --> 00:25:34,360 caveat context just so you know, there 564 00:25:34,360 --> 00:25:36,880 are stacking costs. Everybody's living 565 00:25:36,880 --> 00:25:39,040 with inflation. Nobody likes a price 566 00:25:39,040 --> 00:25:41,400 that goes up. Um unfortunately, those 567 00:25:41,400 --> 00:25:43,360 prices 568 00:25:43,360 --> 00:25:46,200 don't always go down. So, um the cost of 569 00:25:46,200 --> 00:25:48,320 operating uh this organization like your 570 00:25:48,320 --> 00:25:51,080 household is going up. 571 00:25:51,080 --> 00:25:52,960 Um so, what we found in general 572 00:25:52,960 --> 00:25:57,280 operations was around 419,000. 573 00:25:57,280 --> 00:26:01,760 And in addition, uh 91,000 out of uh 574 00:26:01,760 --> 00:26:05,080 and I want to clarify what PDIT budget 575 00:26:05,080 --> 00:26:06,800 reductions means. 576 00:26:06,800 --> 00:26:09,720 Um the police department um wanted to 577 00:26:09,720 --> 00:26:12,080 participate in this part of the process, 578 00:26:12,080 --> 00:26:13,840 and we appreciate their willingness to 579 00:26:13,840 --> 00:26:16,960 do that, so we moved uh monies from 580 00:26:16,960 --> 00:26:20,560 general fund operating into um 581 00:26:20,560 --> 00:26:22,080 I think I'm going to say the name right, 582 00:26:22,080 --> 00:26:24,560 but federal uh impoundment dollars that 583 00:26:24,560 --> 00:26:26,720 we get automatically can only be spent 584 00:26:26,720 --> 00:26:29,000 on police things, so we moved cost over 585 00:26:29,000 --> 00:26:30,280 into there. 586 00:26:30,280 --> 00:26:31,960 Um those are dollars that can't be spent 587 00:26:31,960 --> 00:26:33,520 on anything else in the budget. You you 588 00:26:33,520 --> 00:26:35,400 you you can't lower a tax with it. You 589 00:26:35,400 --> 00:26:36,480 can't 590 00:26:36,480 --> 00:26:38,360 do a street sweeper with it. It's It's 591 00:26:38,360 --> 00:26:40,720 got to be law enforcement, and that was 592 00:26:40,720 --> 00:26:43,200 for a system that they need to start 593 00:26:43,200 --> 00:26:45,680 integrating with the not only all of 594 00:26:45,680 --> 00:26:46,760 their 595 00:26:46,760 --> 00:26:49,720 um IT information that integrates, but 596 00:26:49,720 --> 00:26:51,800 also with the surrounding jurisdiction. 597 00:26:51,800 --> 00:26:54,480 So, we found 91,000 and thank thank 598 00:26:54,480 --> 00:26:56,360 folks for looking into that. And we took 599 00:26:56,360 --> 00:26:59,160 a long, hard look at IT in general. 600 00:26:59,160 --> 00:27:01,360 Um as was noted last week and in 601 00:27:01,360 --> 00:27:03,360 conversations that several of us have 602 00:27:03,360 --> 00:27:05,600 had over the last week and a half, some 603 00:27:05,600 --> 00:27:07,320 things are caught by contract. They take 604 00:27:07,320 --> 00:27:09,360 a little while to unwind to find those 605 00:27:09,360 --> 00:27:11,600 efficiencies, but I feel like the way 606 00:27:11,600 --> 00:27:14,080 we've presented it shows where we can 607 00:27:14,080 --> 00:27:16,440 and where we can start to do things. But 608 00:27:16,440 --> 00:27:18,120 again, like everything else, we will 609 00:27:18,120 --> 00:27:20,800 have future cost and so I I think this 610 00:27:20,800 --> 00:27:23,040 board knows that. Travel and training 611 00:27:23,040 --> 00:27:26,080 adjustments out of that 419 were about 612 00:27:26,080 --> 00:27:28,240 27,000. 613 00:27:28,240 --> 00:27:29,600 Give or take. 614 00:27:29,600 --> 00:27:31,640 Uh so uh 615 00:27:31,640 --> 00:27:33,880 th- those are the total reductions. So, 616 00:27:33,880 --> 00:27:36,080 to put those in context, they look like 617 00:27:36,080 --> 00:27:37,240 this. 618 00:27:37,240 --> 00:27:40,880 Uh the 419 came out of admin, parks and 619 00:27:40,880 --> 00:27:42,640 rec, police department, planning and 620 00:27:42,640 --> 00:27:44,040 inspections, human resources, 621 00:27:44,040 --> 00:27:46,320 technology, engineering. 622 00:27:46,320 --> 00:27:48,560 And then those other the travel and 623 00:27:48,560 --> 00:27:50,080 training came out of a lot of them in 624 00:27:50,080 --> 00:27:53,440 the PDIT reductions. So, they came from 625 00:27:53,440 --> 00:27:55,000 across the board. It took a lot of 626 00:27:55,000 --> 00:27:57,720 teamwork to do that and uh we believe 627 00:27:57,720 --> 00:27:59,480 that these are reductions that will not 628 00:27:59,480 --> 00:28:02,240 reduce our ability to serve and to 629 00:28:02,240 --> 00:28:05,560 protect and to um protect our resources 630 00:28:05,560 --> 00:28:07,560 that we we do have and and share and 631 00:28:07,560 --> 00:28:09,360 enjoy. 632 00:28:09,360 --> 00:28:11,840 Um wanted to note also that there's a 633 00:28:11,840 --> 00:28:13,760 fund balance and capital strategy in 634 00:28:13,760 --> 00:28:15,640 here in the budget. 635 00:28:15,640 --> 00:28:19,160 You are paying as you go, which is a a a 636 00:28:19,160 --> 00:28:21,000 capital funding process of around 637 00:28:21,000 --> 00:28:23,600 500,000. So, that's the newest dollars 638 00:28:23,600 --> 00:28:26,640 in the fiscal year will be spent on uh 639 00:28:26,640 --> 00:28:28,600 pay as you go capital. 640 00:28:28,600 --> 00:28:31,360 Uh but then also as an expenditure line 641 00:28:31,360 --> 00:28:33,120 out in back over into your savings 642 00:28:33,120 --> 00:28:35,840 accounts, we've recommended 250,000 for 643 00:28:35,840 --> 00:28:38,120 your capital reserve. 644 00:28:38,120 --> 00:28:41,080 By By ordinance, this board is supposed 645 00:28:41,080 --> 00:28:43,440 to commit X amount of dollars every year 646 00:28:43,440 --> 00:28:44,880 and it has 647 00:28:44,880 --> 00:28:46,680 um even in this year when the board 648 00:28:46,680 --> 00:28:49,200 moved about 1.5 million if you'll recall 649 00:28:49,200 --> 00:28:51,080 from unassigned fund balance over into 650 00:28:51,080 --> 00:28:53,000 your assigned fund balances. 651 00:28:53,000 --> 00:28:54,480 So, um 652 00:28:54,480 --> 00:28:56,400 they did you folks did that as a board 653 00:28:56,400 --> 00:28:59,200 this year. The second reserve or line 654 00:28:59,200 --> 00:29:00,720 item that goes over into savings 655 00:29:00,720 --> 00:29:04,040 accounts is for capital outlay reserves. 656 00:29:04,040 --> 00:29:04,920 Um 657 00:29:04,920 --> 00:29:08,200 capital outlay reserve versus a capital 658 00:29:08,200 --> 00:29:10,360 the difference between that is 659 00:29:10,360 --> 00:29:12,560 things that are less than $50,000. 660 00:29:12,560 --> 00:29:14,560 That's your moving and rolling stock. 661 00:29:14,560 --> 00:29:16,280 That's some of your 662 00:29:16,280 --> 00:29:18,400 those things under 50,000 or have a 663 00:29:18,400 --> 00:29:20,920 one-year payment schedule or one-year 664 00:29:20,920 --> 00:29:23,280 contract on them. 665 00:29:23,280 --> 00:29:25,160 Um open requirements 666 00:29:25,160 --> 00:29:27,080 you know, making sure that paying 667 00:29:27,080 --> 00:29:28,880 attention in your budget. We wanted to 668 00:29:28,880 --> 00:29:30,320 make sure you knew 669 00:29:30,320 --> 00:29:32,960 IT costs do remain elevated. We We 670 00:29:32,960 --> 00:29:35,520 recognize that. Some things are just 671 00:29:35,520 --> 00:29:37,400 harder to unwind. Three-year contracts, 672 00:29:37,400 --> 00:29:39,520 two-year contracts, four-year contracts, 673 00:29:39,520 --> 00:29:42,040 and those kinds of things. So, 674 00:29:42,040 --> 00:29:44,520 we now that we stack them in the way we 675 00:29:44,520 --> 00:29:46,720 have, we feel like we can manage those 676 00:29:46,720 --> 00:29:49,640 well. We have great IT team here. And 677 00:29:49,640 --> 00:29:51,600 that's really everybody else, too. 678 00:29:51,600 --> 00:29:53,320 Everybody's part of that. 679 00:29:53,320 --> 00:29:55,320 Sales and use tax shortage. I think 680 00:29:55,320 --> 00:29:58,440 that's the other more concerning issue. 681 00:29:58,440 --> 00:30:00,000 We've talked about this in our work 682 00:30:00,000 --> 00:30:01,360 sessions. 683 00:30:01,360 --> 00:30:03,240 It is a shortfall in the current fiscal 684 00:30:03,240 --> 00:30:04,920 year. So, I have budgeted very 685 00:30:04,920 --> 00:30:07,120 conservatively into next year like with 686 00:30:07,120 --> 00:30:09,040 no growth whatsoever. 687 00:30:09,040 --> 00:30:10,280 Um 688 00:30:10,280 --> 00:30:12,560 We continue to watch that. 689 00:30:12,560 --> 00:30:14,560 That is a concerning sign. 690 00:30:14,560 --> 00:30:16,480 Um 691 00:30:16,480 --> 00:30:18,520 Next is attorney fee governance. We've 692 00:30:18,520 --> 00:30:21,120 just pulled it back to an amount that we 693 00:30:21,120 --> 00:30:23,560 feel we can manage. And we've put a 694 00:30:23,560 --> 00:30:25,760 pre-approval requirement instituted by 695 00:30:25,760 --> 00:30:27,360 the manager. In other words, filtering 696 00:30:27,360 --> 00:30:29,680 through me into the so we can control 697 00:30:29,680 --> 00:30:31,840 those costs. It's not that everybody's 698 00:30:31,840 --> 00:30:33,680 out of control. It's just we've had a 699 00:30:33,680 --> 00:30:35,200 lot to do this year. We want to make 700 00:30:35,200 --> 00:30:37,600 sure that we um 701 00:30:37,600 --> 00:30:39,840 guard that and make sure we we 702 00:30:39,840 --> 00:30:41,480 appreciate 703 00:30:41,480 --> 00:30:44,560 Matt's good legal review on all things. 704 00:30:44,560 --> 00:30:49,000 We took the facade grant down to 30,000. 705 00:30:49,000 --> 00:30:50,880 Part of our strategy between that and 706 00:30:50,880 --> 00:30:53,240 abatement issues is to come back to the 707 00:30:53,240 --> 00:30:56,120 board when we're beginning if we have a 708 00:30:56,120 --> 00:30:57,960 rather large project that requires 709 00:30:57,960 --> 00:31:00,520 dollars that might exceed that. 710 00:31:00,520 --> 00:31:02,320 So we'll come back to you folks and have 711 00:31:02,320 --> 00:31:04,000 a conversation with you about that so 712 00:31:04,000 --> 00:31:05,560 that the board can be involved in that 713 00:31:05,560 --> 00:31:07,280 decision where it wants to move money 714 00:31:07,280 --> 00:31:10,160 from if it wants to do the project are 715 00:31:10,160 --> 00:31:12,160 there other opportunities and choices so 716 00:31:12,160 --> 00:31:13,560 that the board can be more involved in 717 00:31:13,560 --> 00:31:15,080 those processes. 718 00:31:15,080 --> 00:31:18,240 But we still have left money in there. 719 00:31:18,240 --> 00:31:19,600 So 720 00:31:19,600 --> 00:31:22,080 again that net fund balance draw would 721 00:31:22,080 --> 00:31:23,960 go to if you keep the rate the same at 722 00:31:23,960 --> 00:31:28,720 29 cents would go to 488 570. 723 00:31:28,720 --> 00:31:31,600 So I just want to recap that the board's 724 00:31:31,600 --> 00:31:34,200 direction was for those reductions 5% we 725 00:31:34,200 --> 00:31:35,600 found those. 726 00:31:35,600 --> 00:31:38,080 We focused on IT and travel. I think 727 00:31:38,080 --> 00:31:39,480 those were good calls by the board. You 728 00:31:39,480 --> 00:31:41,720 saw those things and our staff did a 729 00:31:41,720 --> 00:31:43,560 good job of bringing those back. 730 00:31:43,560 --> 00:31:45,120 And 731 00:31:45,120 --> 00:31:48,320 we addressed that fund balance drawdown. 732 00:31:48,320 --> 00:31:50,960 The process we conducted a full 733 00:31:50,960 --> 00:31:53,600 Department by Department review. 734 00:31:53,600 --> 00:31:55,560 This is what the staff was doing Finance 735 00:31:55,560 --> 00:31:57,240 coordinated consolidation of all 736 00:31:57,240 --> 00:32:00,000 operational PDIT and travel cut. So 737 00:32:00,000 --> 00:32:02,520 Finance is is is is keeping those 738 00:32:02,520 --> 00:32:05,200 numbers in the right order. We evaluated 739 00:32:05,200 --> 00:32:07,280 uncontrollable cost and capital strategy 740 00:32:07,280 --> 00:32:09,040 options. So we had that out loud 741 00:32:09,040 --> 00:32:10,560 conversation. 742 00:32:10,560 --> 00:32:13,880 And there's our presentation back to you 743 00:32:13,880 --> 00:32:17,600 folks. So 511 and cost reduction. 744 00:32:17,600 --> 00:32:20,080 A three-part capital plan that does put 745 00:32:20,080 --> 00:32:22,440 money back into your reserves and pay as 746 00:32:22,440 --> 00:32:24,640 you go. That's a definitely capitalized 747 00:32:24,640 --> 00:32:26,720 strategy and then a net fund balance 748 00:32:26,720 --> 00:32:32,870 drawdown reduction. 749 00:32:32,880 --> 00:32:36,520 Can I answer any questions? 750 00:32:36,520 --> 00:32:39,870 >> Any questions? 751 00:32:39,880 --> 00:32:43,110 Yeah. 752 00:32:43,120 --> 00:32:44,760 » I just like to 753 00:32:44,760 --> 00:32:46,120 I say start off by saying thank you 754 00:32:46,120 --> 00:32:47,440 again. 755 00:32:47,440 --> 00:32:50,680 I know it's not an easy task. Um 756 00:32:50,680 --> 00:32:52,640 when a customer comes to you and 757 00:32:52,640 --> 00:32:55,120 essentially ask you what to 758 00:32:55,120 --> 00:32:57,200 work on a project and then say, "Hey, 759 00:32:57,200 --> 00:32:58,840 sharpen your pencil. 760 00:32:58,840 --> 00:33:00,960 Take a second look at it." 761 00:33:00,960 --> 00:33:02,840 What you all did to investigate, take a 762 00:33:02,840 --> 00:33:05,760 second look at it, evaluate what the the 763 00:33:05,760 --> 00:33:08,000 stacking of contracts going into working 764 00:33:08,000 --> 00:33:10,280 with our department heads. 765 00:33:10,280 --> 00:33:12,200 We appreciate and I like to just 766 00:33:12,200 --> 00:33:14,440 re-echo. We appreciate the 767 00:33:14,440 --> 00:33:17,280 teamwork that the staff has aligned with 768 00:33:17,280 --> 00:33:20,200 the this team here on the dais. 769 00:33:20,200 --> 00:33:22,160 And we are grateful for that. 770 00:33:22,160 --> 00:33:24,680 Um with that said, you've outlined a a 771 00:33:24,680 --> 00:33:26,080 lot of the friction points that we 772 00:33:26,080 --> 00:33:28,040 mentioned earlier in our conversations 773 00:33:28,040 --> 00:33:29,640 and our work sessions and you've 774 00:33:29,640 --> 00:33:31,560 addressed those. Those were you know, 775 00:33:31,560 --> 00:33:33,360 essentially making sure that we were 776 00:33:33,360 --> 00:33:35,400 working together and making sure that we 777 00:33:35,400 --> 00:33:38,000 were addressing the end and allowing the 778 00:33:38,000 --> 00:33:39,480 public to understand 779 00:33:39,480 --> 00:33:40,680 why we were 780 00:33:40,680 --> 00:33:42,800 doing a fund balance transfer, how it 781 00:33:42,800 --> 00:33:45,360 helped us sequence in those key capital 782 00:33:45,360 --> 00:33:47,240 improvement projects that we have been 783 00:33:47,240 --> 00:33:50,600 looking to and keep momentum on. 784 00:33:50,600 --> 00:33:52,920 Um I'd like to just start off by that. 785 00:33:52,920 --> 00:33:56,070 Thank you. 786 00:33:56,080 --> 00:33:58,600 » Anyone else? 787 00:33:58,600 --> 00:34:00,470 >> Yeah. 788 00:34:00,470 --> 00:34:00,480 » Yeah. 789 00:34:00,480 --> 00:34:02,070 >> Scott, um 790 00:34:02,070 --> 00:34:02,080 » Scott, um 791 00:34:02,080 --> 00:34:03,400 for the folks the board of 792 00:34:03,400 --> 00:34:05,480 commissioners, we've all it's not just 793 00:34:05,480 --> 00:34:06,960 been a couple of days during the week. 794 00:34:06,960 --> 00:34:09,440 It's been ongoing phone calls, emails 795 00:34:09,440 --> 00:34:11,280 and not just once, but twice, but three 796 00:34:11,280 --> 00:34:13,280 times going back and trying to find 797 00:34:13,280 --> 00:34:15,919 these additional savings. And I know my 798 00:34:15,919 --> 00:34:17,120 fellow board of commissioners, we've 799 00:34:17,120 --> 00:34:18,879 drilled it through the audit. It is our 800 00:34:18,879 --> 00:34:20,480 job. We're supposed to do that and 801 00:34:20,480 --> 00:34:23,320 scrutinize everything we see and decide 802 00:34:23,320 --> 00:34:24,800 if it's going to be a scalpel or butcher 803 00:34:24,800 --> 00:34:27,200 knife to go through this. And I'm really 804 00:34:27,200 --> 00:34:28,480 comfortable with the due diligence that 805 00:34:28,480 --> 00:34:30,879 you guys did and coming back and and I 806 00:34:30,879 --> 00:34:32,440 think the town is going to be extremely 807 00:34:32,440 --> 00:34:34,679 appreciative of the effort put forth by 808 00:34:34,679 --> 00:34:37,399 all you folks and yourself Mr. Manager. 809 00:34:37,399 --> 00:34:38,399 I appreciate you. 810 00:34:38,399 --> 00:34:38,830 >> You're welcome. 811 00:34:38,830 --> 00:34:38,840 » You're welcome. 812 00:34:38,840 --> 00:34:41,510 >> Thank you. 813 00:34:41,520 --> 00:34:44,560 » Anyone else on the board? 814 00:34:44,560 --> 00:34:46,430 >> Well, you guys said plenty. 815 00:34:46,430 --> 00:34:46,440 » Well, you guys said plenty. 816 00:34:46,440 --> 00:34:48,639 I I thank everybody for their efforts 817 00:34:48,639 --> 00:34:50,600 and um 818 00:34:50,600 --> 00:34:54,000 I had a lot of questions. You guys 819 00:34:54,000 --> 00:34:56,879 were very patient and you're generous 820 00:34:56,879 --> 00:34:58,320 with your time and 821 00:34:58,320 --> 00:35:00,600 um appreciated the 822 00:35:00,600 --> 00:35:02,480 you walking us through the process being 823 00:35:02,480 --> 00:35:04,080 our first budget and all that for some 824 00:35:04,080 --> 00:35:06,040 of us. So, 825 00:35:06,040 --> 00:35:08,760 uh I think we're in a good place and I 826 00:35:08,760 --> 00:35:13,320 Can you Can you discuss the financial uh 827 00:35:13,320 --> 00:35:16,520 like the cash cash position of our fund 828 00:35:16,520 --> 00:35:17,840 balance 829 00:35:17,840 --> 00:35:21,080 in in regards to what's a healthy fund 830 00:35:21,080 --> 00:35:24,520 balance and maybe how much more we have 831 00:35:24,520 --> 00:35:26,200 than than 832 00:35:26,200 --> 00:35:28,040 comparatively speaking to other 833 00:35:28,040 --> 00:35:29,080 municipalities 834 00:35:29,080 --> 00:35:29,350 >> Sure. 835 00:35:29,350 --> 00:35:29,360 » Sure. 836 00:35:29,360 --> 00:35:31,310 >> in terms of percentages. 837 00:35:31,310 --> 00:35:31,320 » in terms of percentages. 838 00:35:31,320 --> 00:35:34,270 >> Sure. We you have a an unassigned fund 839 00:35:34,270 --> 00:35:34,280 » Sure. We you have a an unassigned fund 840 00:35:34,280 --> 00:35:36,880 balance at this point time of around 29 841 00:35:36,880 --> 00:35:39,120 million. Now, that number will go down. 842 00:35:39,120 --> 00:35:41,520 We've had this discussion before. 843 00:35:41,520 --> 00:35:42,680 Um 844 00:35:42,680 --> 00:35:44,160 by state statute, we have a 845 00:35:44,160 --> 00:35:47,440 stabilization amount within that. 846 00:35:47,440 --> 00:35:49,760 We have that. That's marked. 847 00:35:49,760 --> 00:35:53,800 Um within that, you want around 40% for 848 00:35:53,800 --> 00:35:56,040 an organization like us because we do 849 00:35:56,040 --> 00:35:59,000 not have monthly cash flow. It could go 850 00:35:59,000 --> 00:36:02,360 a bit lower than that because 851 00:36:02,360 --> 00:36:04,680 if you had a utility. So, for example, 852 00:36:04,680 --> 00:36:06,600 if I had a water and sewer company, we'd 853 00:36:06,600 --> 00:36:09,040 have cash flow coming in. That cash flow 854 00:36:09,040 --> 00:36:10,880 offsets the need 855 00:36:10,880 --> 00:36:13,120 to carry so much cash. 856 00:36:13,120 --> 00:36:15,160 So, you can invest it more. 857 00:36:15,160 --> 00:36:18,560 Um you have in your fund balance in 858 00:36:18,560 --> 00:36:21,120 addition to the 29 million, 859 00:36:21,120 --> 00:36:25,110 you have another 860 00:36:25,120 --> 00:36:28,560 14 15 million dollars that is reserved. 861 00:36:28,560 --> 00:36:31,160 So, of the CIP, some of that money is 862 00:36:31,160 --> 00:36:33,800 coming forward for those projects. You 863 00:36:33,800 --> 00:36:35,520 the boards have been very specific about 864 00:36:35,520 --> 00:36:37,920 assigning them to projects 865 00:36:37,920 --> 00:36:41,240 across time. So, those are monies in 866 00:36:41,240 --> 00:36:43,920 addition. So, your total cash balance as 867 00:36:43,920 --> 00:36:46,640 of the end of April was around 46 868 00:36:46,640 --> 00:36:48,800 million. That will draw down, that will 869 00:36:48,800 --> 00:36:51,520 change over the time of the year. 870 00:36:51,520 --> 00:36:54,800 Our operating control line is around 5 871 00:36:54,800 --> 00:36:57,480 million is what we like to have. The 872 00:36:57,480 --> 00:37:01,320 rest is invested. So, we try to invest. 873 00:37:01,320 --> 00:37:03,760 Matter of fact, in the current fiscal 874 00:37:03,760 --> 00:37:06,480 year, we've been fortunate that 875 00:37:06,480 --> 00:37:08,640 Rosie and her team in finance have done 876 00:37:08,640 --> 00:37:11,200 a great job of their investment strategy 877 00:37:11,200 --> 00:37:13,760 and your interest rate that you've 878 00:37:13,760 --> 00:37:16,320 gotten back in returns is 879 00:37:16,320 --> 00:37:19,800 exceeded by about 40% or so. So, almost 880 00:37:19,800 --> 00:37:22,800 a million dollars plus where we budgeted 881 00:37:22,800 --> 00:37:24,920 around 600. So, they did a good job of 882 00:37:24,920 --> 00:37:27,720 investing the public's monies and making 883 00:37:27,720 --> 00:37:31,080 sure that they got returned into 884 00:37:31,080 --> 00:37:33,000 the operating cost of running the 885 00:37:33,000 --> 00:37:36,040 organization. Appreciate that. So, what 886 00:37:36,040 --> 00:37:38,960 you need is around 40%. So, 40% of 26 887 00:37:38,960 --> 00:37:42,200 million, you know, is around 5, 6 888 00:37:42,200 --> 00:37:44,800 million that you would have. 889 00:37:44,800 --> 00:37:47,160 The idea behind that is for safety. In 890 00:37:47,160 --> 00:37:49,360 other words, if Helene comes through, 891 00:37:49,360 --> 00:37:51,240 you have those kinds of operating things 892 00:37:51,240 --> 00:37:53,360 so you can operate for about 4 months. 893 00:37:53,360 --> 00:37:54,840 We have that. 894 00:37:54,840 --> 00:37:57,920 Plus, we have the state statutory 895 00:37:57,920 --> 00:38:00,080 reserve amount of an additional 3 896 00:38:00,080 --> 00:38:02,520 million. And then, we have additional 897 00:38:02,520 --> 00:38:04,520 that has been reserved for projects 898 00:38:04,520 --> 00:38:07,080 across the organization. Does that help 899 00:38:07,080 --> 00:38:07,640 with your 900 00:38:07,640 --> 00:38:08,950 >> Yeah, yeah. It 901 00:38:08,950 --> 00:38:08,960 » Yeah, yeah. It 902 00:38:08,960 --> 00:38:11,360 helps me. I think it helps the public to 903 00:38:11,360 --> 00:38:13,280 understand that, you know, we're pretty 904 00:38:13,280 --> 00:38:19,320 financially sound and we are it it and 905 00:38:19,320 --> 00:38:22,760 besides that, getting the savings and 906 00:38:22,760 --> 00:38:23,680 and 907 00:38:23,680 --> 00:38:25,560 digging deeper into the budget to find 908 00:38:25,560 --> 00:38:28,320 some of those cost reductions, that just 909 00:38:28,320 --> 00:38:30,320 helps keep that cash 910 00:38:30,320 --> 00:38:31,120 uh 911 00:38:31,120 --> 00:38:33,480 keeps us from having a 912 00:38:33,480 --> 00:38:37,120 do something with the tax rate, but uh 913 00:38:37,120 --> 00:38:39,560 with the cost [snorts] going up and and 914 00:38:39,560 --> 00:38:43,320 that not wanting to go further into fund 915 00:38:43,320 --> 00:38:45,040 balance to fund stuff. 916 00:38:45,040 --> 00:38:49,000 I think um it it's uh 917 00:38:49,000 --> 00:38:50,120 mhm 918 00:38:50,120 --> 00:38:52,720 it precludes us from reducing the taxes 919 00:38:52,720 --> 00:38:54,960 right now. 920 00:38:54,960 --> 00:38:57,190 >> Cost are cost are running up. I think 921 00:38:57,190 --> 00:38:57,200 » Cost are cost are running up. I think 922 00:38:57,200 --> 00:38:59,000 everyone who runs a household or an 923 00:38:59,000 --> 00:39:00,760 organization right now is that you have 924 00:39:00,760 --> 00:39:02,680 a lot of rising cost. 925 00:39:02,680 --> 00:39:04,960 Some in your control, some are not, but 926 00:39:04,960 --> 00:39:05,560 um 927 00:39:05,560 --> 00:39:07,080 I appreciate the board's understanding 928 00:39:07,080 --> 00:39:09,600 of that and I think they try to be and 929 00:39:09,600 --> 00:39:11,080 the department heads and the every 930 00:39:11,080 --> 00:39:12,760 employee in this organization tries to 931 00:39:12,760 --> 00:39:14,920 be a good steward with your dollars and 932 00:39:14,920 --> 00:39:16,800 spend it wisely and within the limits 933 00:39:16,800 --> 00:39:19,000 that you folks ask, but also tries to 934 00:39:19,000 --> 00:39:21,920 solve the problem. Uh again, um 935 00:39:21,920 --> 00:39:24,240 remembering the CIP, we are investing a 936 00:39:24,240 --> 00:39:26,080 substantial amount of money as we we 937 00:39:26,080 --> 00:39:28,080 have done in the past, but this year 938 00:39:28,080 --> 00:39:31,640 especially about 5.9 million. 939 00:39:31,640 --> 00:39:33,750 >> Thank you. 940 00:39:33,750 --> 00:39:33,760 » Thank you. 941 00:39:33,760 --> 00:39:35,470 >> Madam Mayor, it is a public hearing, so 942 00:39:35,470 --> 00:39:35,480 » Madam Mayor, it is a public hearing, so 943 00:39:35,480 --> 00:39:36,800 I want to make sure I don't take up too 944 00:39:36,800 --> 00:39:38,440 much time if people have comments or 945 00:39:38,440 --> 00:39:40,160 anything else. 946 00:39:40,160 --> 00:39:40,870 >> I 947 00:39:40,870 --> 00:39:40,880 » I 948 00:39:40,880 --> 00:39:44,160 think we're good. Thank you. 949 00:39:44,160 --> 00:39:45,560 So, at this time I'd like to open the 950 00:39:45,560 --> 00:39:47,360 floor for public comments. I don't have 951 00:39:47,360 --> 00:39:49,320 anyone who's signed up this evening, but 952 00:39:49,320 --> 00:39:50,960 if there's anyone here that would like 953 00:39:50,960 --> 00:39:52,760 to make a public comment, I'd like to 954 00:39:52,760 --> 00:39:56,550 give you an opportunity. 955 00:39:56,560 --> 00:39:58,160 Okay. 956 00:39:58,160 --> 00:39:59,800 Nobody? 957 00:39:59,800 --> 00:40:03,200 It's not too bad. It's not scary at all. 958 00:40:03,200 --> 00:40:04,640 But okay, well 959 00:40:04,640 --> 00:40:06,080 hearing uh 960 00:40:06,080 --> 00:40:07,920 no one being interested in 961 00:40:07,920 --> 00:40:09,310 >> Well, we appreciate the folks that 962 00:40:09,310 --> 00:40:09,320 » Well, we appreciate the folks that 963 00:40:09,320 --> 00:40:11,600 showed up and who are watching online 964 00:40:11,600 --> 00:40:13,560 that actually take an interest in this 965 00:40:13,560 --> 00:40:15,200 process as well. 966 00:40:15,200 --> 00:40:15,840 Um 967 00:40:15,840 --> 00:40:17,280 thank you for 968 00:40:17,280 --> 00:40:18,560 taking part. 969 00:40:18,560 --> 00:40:21,630 >> All right, so um I guess 970 00:40:21,630 --> 00:40:21,640 » All right, so um I guess 971 00:40:21,640 --> 00:40:24,000 Do you have anything else, anyone? Okay. 972 00:40:24,000 --> 00:40:25,880 Can I have a motion to close the public 973 00:40:25,880 --> 00:40:26,840 hearing? 974 00:40:26,840 --> 00:40:27,910 >> Motion to 975 00:40:27,910 --> 00:40:27,920 » Motion to 976 00:40:27,920 --> 00:40:30,680 close the public hearing. 977 00:40:30,680 --> 00:40:31,830 >> All in favor? 978 00:40:31,830 --> 00:40:31,840 » All in favor? 979 00:40:31,840 --> 00:40:33,390 >> I. 980 00:40:33,390 --> 00:40:33,400 » I. 981 00:40:33,400 --> 00:40:35,430 >> All right, the eyes have it. This public 982 00:40:35,430 --> 00:40:35,440 » All right, the eyes have it. This public 983 00:40:35,440 --> 00:40:37,600 hearing is closed. 984 00:40:37,600 --> 00:40:39,520 Uh, looking ahead, we have a Board of 985 00:40:39,520 --> 00:40:41,840 Commissioners meeting, a regular meeting 986 00:40:41,840 --> 00:40:44,800 on June 9th, 2026 at 6:30 right here in 987 00:40:44,800 --> 00:40:48,240 Town Hall. And if there's nothing else, 988 00:40:48,240 --> 00:40:50,760 can I have a motion to adjourn? 989 00:40:50,760 --> 00:40:53,150 >> Motion to adjourn. 990 00:40:53,150 --> 00:40:53,160 » Motion to adjourn. 991 00:40:53,160 --> 00:40:54,230 >> All in favor? 992 00:40:54,230 --> 00:40:54,240 » All in favor? 993 00:40:54,240 --> 00:40:57,030 >> I. 994 00:40:57,040 --> 00:40:57,920 » Adjourned. 995 00:40:57,920 --> 00:40:58,510 >> I. 996 00:40:58,510 --> 00:40:58,520 » I. 997 00:40:58,520 --> 00:40:59,430 >> We are adjourned. 998 00:40:59,430 --> 00:40:59,440 » We are adjourned. 999 00:40:59,440 --> 00:41:00,230 >> Thank you. 1000 00:41:00,230 --> 00:41:00,240 » Thank you. 1001 00:41:00,240 --> 00:41:03,320 >> Close the public hearing.