COUNTY OF ALBEMARLE
EXECUTIVE SUMMARY
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AGENDA TITLE: Financial Status Update
SUBJECT/PROPOSAL/REQUEST: Provide information and request feedback on current financial status and County response
STAFF CONTACT(S): Messrs. Tucker, Foley, Davis, and Wiggans
LEGAL REVIEW: Yes
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AGENDA DATE: September 10, 2008
ACTION: X INFORMATION:
CONSENT AGENDA: ACTION: INFORMATION:
ATTACHMENTS: No
REVIEWED BY:
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BACKGROUND:
As a result of the economic difficulties being experienced both nationally and locally, County staff has been examining revenue projections to determine how our operating budgets will be impacted. These projections, along with recommendations for addressing budget shortfalls, will be discussed during the work session. The tentative agenda for the work session is listed below:
Additional materials will be provided to the Board by e-mail on Monday, September 8th and at the Board meeting on September 10th.
STRATEGIC PLAN:
5.1 Develop a comprehensive funding strategy/plan to address the County’s growing needs.