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From YouTube: August 13, 2018 COW Audit and Finance Meeting
Description
August 13, 2018 COW Audit and Finance Meeting
B
Sorry
we
have,
we
have
to
bottle
up
dishes
before
the
board
the
a
recurrence
year.
First,
one
is
the
tan-
was
just
the
tax
anticipation
note,
and
so
what
the
purpose
of
the
tax
anticipation
note
is
to
be
able
to
keep
the
district
operating
until
taxes
of
ad
valorem
taxes
up
again
to
be
collected
towards
the
end
of
the
calendar
year,
and
so
this
occurs
every
year.
B
That's
been
so
over
the
last
few
years,
I
think
a
four
years
ago
and
the
14
of
put
up
for
business
in
1615
we
had
around
eighty
seventy
three
million
dollars
or
so,
and
then
we
dropped
down,
went
up
to
about
80,
82
or
so
and
then
buy
down
the
seventy
plus
million.
And
so
this
year
is
the
first
time
in
at
least
have
you've
done
under
70
million
dollars
best
of
the
camp.
You
have
won
ten.
B
Then
the
the
Geo
bond
not
to
exceed
99
million.
Again,
that's
a
bond.
That's
issued
every
year
we
started
that
back
in
with
the
seat
with
2004
2005
2006
Morton
started
been
aggressive
under
the
steel
instruction
program,
and
so
what
we
have
to
do
is
issue
a
giovani
each
year
to
be
able
to
pay
down
that
debt
and
and
then
in
the
spring
of
each
year,
which
we
did
this
spring.
We
issue
eight
ban.
A
B
As
the
court
will
recall,
we
had
think
I
showed
the
board
a
they
a
table
or
graph.
Rather
that
showed
us
a
the
strokes
that
the
debt
was
that
this
was
debt
was
at
this
level,
and
the
number
of
periods
have
one
to
two
thousand
thirty
nine
2030.
The
graph
shows
that
the
Danton
gradually
not
passive,
active,
not
grass,
was
pretty
aggressively
decreases
that
between
now
and
2030,
when
the
assist
will
be
the
three
and
have
all
these
do
bill.
That's
that's
right.
Any.
A
Questions
John
14:15:
we
started
out
fifty
four
point:
five
million
in
safety
fund
so
or
of
course,
of
the
year.
We
had
that
eighteen
million
dollar
shortfall
we
went
into
into
a
real
real,
deep
hole
so
just
share
with
the
board
we
shared
with
it
at
the
back
to
school,
but
I
think
coming
from
the
CFO
I
think
it
would
be
a
good
news.
This
year
we
will
end
up.
You
know
seventeen,
eighteen
and
I,
and
a
reserve
fund.
So.
B
What
we
briefed
Florida
Finance
Committee
last
last
weekend,
which
has
been
consistent
over
the
last
three
months
since,
since
our
reported
in
April
so
beginning
with
the
closing
of
books
and
papal,
we
have
been
reported
around
twenty
three
or
twenty
four
billion
dollars
in
additional
dollars
going
in
to
fund
balance
and
that
takes
up
take
the
district
up
to
over
sixty
million
dollars.
The
same
number
was
consistent
and
with
the
main
numbers
I
finally
dropped
down
about
a
million
and
then
the
last
month
of
long
service.
B
We
put
there
last
week
to
guard
finance
this
deal
for
twenty
twenty-three
and
twenty
twenty-four
million.
Now,
so
we
are
closing
the
books
now
close
the
books
and
the
annual
books
in
conjunction
with
our
external
artist,
Justin
Larson
Valley,
and
so
we
thought
we
found
lies
and
reconciliations
that
we
would
have
a
foul
numbers
at
the
end
of
our
September.
But
at
this
point,
I
still
dissipate
twenty
plus
million
dollars
going
into
our
archives.
So.
B
Be
fair
to
say
that
what
it
does
it
allows
our
bond
ratings
to
increase,
which
it's
like
happened
to
spring
with
both
these
bonds,
and
so
that
means
that
think
I
don't
have
a
good,
not
we're,
paying
only
for
these
bonds
won't
have
that
to
go
to
actual
sale,
but
it's
certainly
lower
the
concert
we
got
with
coffee.
The
fund
balance
increases
and.
A
B
So
it's
that
plus
it
also,
if
you
recall,
when
we
deployed
adopted
the
budget
for
this
fiscal
year,
nineteen
we
actually
we
restructured
the
the
fund
balance
positive
I
started
everything
after
the
state
require
percent
set.
Eight
point:
three
percent
are
satisfied
to
be
able
to
guard
against
fiscal
problems
in
history.
Any.