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HomeMy WebLinkAboutResolutions - 1968.04.09 - 18858Misc. #4855 BY: Ways and Means Committee- Mr. Levinson IN RE: LETTER OF TRANSMITTAL - AUDITORS 1968 CAPITAL PROGRAM TO THE OAKLAND COUNTY BOARD OF SUPERVISORS April 9, 1968 Mr. Chairman, Ladies and Gentlemen: Your Ways and Means Committee is pleased to present to this Beard to- day the Board of Auditors recommended 1968 Capital Program. This document for the first time provides the Auditors, the various Committees and Members of this Board with comprehensive guide lines for present action based on forecasted long-range capital construction needs as correlated to the potential financial ability of the County. Your Committee, in presenting this document, emphasizes certain features which both this Committee and the Board of Auditors believe to be of utmost importance: 1, This document is intended as a plan providing the guide lines by which this Board and those responsible for recommending capital improvements and their financing can be better prepared to act at the proper time. It is not a budget to be adopted by the Board and the implementation of capital projects will be finally deter- mined in accordance with the by-laws by this Board of Supervisors. 2, it is intended as a flexible plan based on presently known future needs and revenue expectations, and it is the Auditors intention to revise and update the same annually for submission to this Board. 3. Annual budget approvals of allocations of miscellaneous non-tax revenue, unless otherwise specified in the budget at the time of -7, WiTlfis M. Brewer rVit'A:g 6 ri /74 1 'fl. S7/James Clarkson , airy W, Hart n 6A, J7 T7445-11. WAYS AND MEAWC0j4ITTLE Dalvid Levinslore; Chairman Horrd 0. Powvit , Seeley Tiqman April 9, 1968 Page 2 Auditors 1968 Capital Program adoption, will not constitute formal approval of the specific items nor methods of financing outlined in the Auditors Capital Program for that year. it will serve as a commitment of the monies so allocated for use in implementing those County capital improvements and their financing after final approval by the Board of Supervisors in accordance with the by-laws of the Board. Much work, planning and research have gone into this Capital Program and your Committee compliments the Board of Auditors, the Staff, the Buildings and Grounds Committee and other County Agencies and Committees involved in this preparation. Your Committee now has, under study, methods of financing the Jail and other current capital projects. Recommendations in due course will be made covering these items. Mr. Chairman, your Ways and Means Committee moves that this Letter of Transmittal be adopted as the policy of this Board in respect to this and suc- ceeding Annual Capital Programs to be presented by the Board of Auditors. #4855 Moved by Levinson supported by O'Donoghue the letter of transmittal be adopted as the policy of the Board. Discussion followed. Moved by Geralds supported by Mastin that action on this matter be postponed until the next meeting. A sufficient majority having voted therefor, the motion carried.