[{"_1":2,"_99":-5,"_100":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6693422,"mediaKeyId","2171654-b599113b94d57103d025317b1965c110","parentId",2171654,"title","Alleghany commissioners set public hearing for Truist loan recommendation for new high school; staff to apply to LGC","audioSeconds",393,"startMs",1945000,"endMs",2338000,"viewUrl","/Search/View?dp=1&key=2171654-b599113b94d57103d025317b1965c110&start=1945&end=2338","thumbnailUrl","https://assets.pipeline.soar.com/2171654-b599113b94d57103d025317b1965c110/thumbnail_1945000.jpg","articleUrl","/articles/6693422/Alleghany-County/North-Carolina/Alleghany-commissioners-set-public-hearing-for-Truist-loan-recommendation-for-new-high-school-staff-to-apply-to-LGC","mediaUrl","https://secure.pipeline.soar.com/6693422-9dd8d60f7e60fb8edca8678794c42d42/orig.mp4?Expires=1771191750&Signature=PMmWhJbeTADxNjt98KikASqdjjoDBD7zZlX6Y0ARWEVCX5ErSTc7Gz6bkt689XEhmTi07li3yGj6EUZ3Mg7smbgVnkxWxXkoqMysyFglWDWzr7gEiRthoZzRO7LPPQVRgQcicaksBM3XjID2VK4FviesgVjsemgLQbN7YuN0CcEHZrH9HJD9tn5~hq8to9bv0YiVGGjl0Sqgq9-MJR37JqvUuYzodRQL7uMu56RfvkY8butUM1Yo3Thq5gb460B-WDOAz1tImbiB9cL0TwLaTUgNx0OGkA3ygz1Hsqa42UY33vxJY8vE9H2iUQcBJOEtxOYw9XDPDmsq4C67NneNxA__&Key-Pair-Id=KUT5TJCACFTXG","author","Alleghany County","date","2025-01-01T05:10:00.523Z","article","County finance staff recommended that Alleghany County pursue a draw‑down loan from Truist to fund construction of the new high school and related project costs, and commissioners agreed to set a public hearing on the matter for the next meeting so staff can submit the Local Government Commission application.

\"This is our recommendation with Truist. Option A for the 10 years at 4.3 tax exempt interest rate,\" the finance director said during the presentation. The finance director said the loan would be structured as a draw‑down: the county would keep the proceeds in a Truist account and request funds as needed.

Staff presented estimated payment comparisons: the 10‑year option would have a monthly payment of $70,536.61; the 15‑year option's monthly payment was presented as $52,346.67. Staff said the 10‑year option would save the county approximately $1,000,000 in interest over the life of the loan compared with the 15‑year option.

Staff explained that the loan product is a draw‑down account, that payments are scheduled to begin in March and that interest will be charged on the outstanding principal even if funds remain in the account; the finance director said the account will earn interest that offsets some interest expense. Staff also said Truist had guaranteed the quoted terms for 90 days and discussed prepayment penalties that decline over years (for example, 5% in year one, declining to 4% in year two and 3% in year three under the presented terms).

Commissioners asked procedural and timing questions. Staff said the county must set a public hearing and then vote at the next meeting to submit the loan application to the LGC. Commissioners agreed to hold the public hearing on Jan. 6 and to proceed with the LGC application afterward.

No final loan award or binding contract was executed at the meeting; commissioners set the public hearing and directed staff to continue the loan application process subject to required approvals.","mediaType","Video","parentTitle","Alleghany County Commissioners Meeting December 16, 2024, 10:00am","oneSentenceSummary","County finance staff recommended a Truist draw‑down loan for the new high school project and commissioners agreed to set a public hearing for Jan. 6 to allow submission of a Local Government Commission loan application.","taxTitle","Alleghany County, North Carolina","taxId",74647,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6693427,"Alleghany County audit: unmodified opinion, three repeat findings and new opioid fund reporting",763,279000,1042000,"/Search/View?dp=1&key=2171654-b599113b94d57103d025317b1965c110&start=279&end=1042","https://assets.pipeline.soar.com/2171654-b599113b94d57103d025317b1965c110/thumbnail_279000.jpg","/articles/6693427/Alleghany-County/North-Carolina/Alleghany-County-audit-unmodified-opinion-three-repeat-findings-and-new-opioid-fund-reporting","https://secure.pipeline.soar.com/6693427-ac10de92b40ec271554558d23de56e90/orig.mp4?Expires=1771191750&Signature=eme79pXHpvg5YpTmhlGIL~CNHLZ3nrMRTXKaGSU93WtB0WhmTomcF5IBsusWfOvwgga6VQOmEfRV9AzazENp7iHWEtXGG-Dshf1chRH5O36ui2AzuQGBELbTvPb0sytelsJmmgcBMPTk5Tw1fBjURXnoWETm35JEViCC9hkuVVFM~r~h8Dytg2hDMTST7qmSF5hMolg~2XtV-9Sw0cr9Gq0t~N~sIaQvo1Hcymg59j82m8ziDP1K0kl393~wNu4n1nEN3U6NsrPsgZr~JjEmAOrj3BTDri69E007Kpkfxn-TyPt0BoL1yDFq2xScGzvYMwVVNMdZNbTt~qSrlLFKEw__&Key-Pair-Id=KUT5TJCACFTXG","Alleghany County received an unmodified (clean) audit opinion for fiscal year 2024, the county's outside auditor told the Board of Commissioners at the mid‑month meeting. \"The county received an unmodified opinion which is a clean opinion,\" said Scott Wickham, partner in charge of the county's audit.

Wickham said the audit includes the usual management discussion and analysis, fund financial statements and new reporting for an opioid settlement fund that became a major fund in FY2024. \"Exhibit 13 is new this year for you all. It's on page 27. This is the opioid settlement fund... this report includes exhibit 13,\" Wickham said, adding the change required moving that exhibit ahead of the notes at the request of the Local Government Commission (LGC).

The auditor reported three findings on page 118 of the report; each had appeared in the prior year. The items noted were proposed audit adjustments (significant accruals identified during the audit), weaknesses related to segregation of duties in a small finance department and bank reconciliation issues. Wickham said state and federal program testing returned clean results: \"All of our testing came back clean,\" he said of state single audit testing and federal program testing.

Wickham reviewed trend information showing general fund revenues rising roughly 6% per year across five years and expenditures up about 5% per year, with fund balance improving from well below recommended reserves to a reported 66% in the county's reporting (the LGC-reported median was 39%). He described the county's overall financial position as strong. \"You are in a very strong financial spot now,\" Wickham said.

Wickham also noted upcoming changes in accounting standards that may affect future audits, including GASB Statement 101 (compensated absences) and later phases of Statement 103 (financial reporting model) that are expected to add a third budget column and additional disclosure requirements.

Commissioners and staff asked clarifying questions about state medians, prior findings and related audits (including work done for a volunteer fire department). Wickham said the finance office has been improving its use of the accounting system and that the audit process this year went smoothly.

The audit report and handout were provided to commissioners at the meeting; Wickham left contact information on the presentation handout for follow‑up questions.","Auditor Scott Wickham presented Alleghany County's FY2024 audit, reporting a clean (unmodified) opinion while noting three repeat findings and the addition of an opioid settlement fund as a major fund.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6693417,"Votes at a glance: Alleghany County mid‑month meeting approvals and motions",2985,236000,3221000,"/Search/View?dp=1&key=2171654-b599113b94d57103d025317b1965c110&start=236&end=3221","https://assets.pipeline.soar.com/2171654-b599113b94d57103d025317b1965c110/thumbnail_236000.jpg","/articles/6693417/Alleghany-County/North-Carolina/Votes-at-a-glance-Alleghany-County-midmonth-meeting-approvals-and-motions","https://secure.pipeline.soar.com/6693417-20c99490ad114b9aef5bfb8ba2658d1d/orig.mp4?Expires=1771191750&Signature=FhMQbVzCPaAkwhbGvWsHvzePuIDeygjOFxaIJTDxuRKeqmXtX3T5vH-mAHVsWFCa0eFx1y5rURw-fJW-Dpb552niaaURs-G4Rv4~Z4tP4UFrn2UhLMnz5mp2R81jy3Cbt5S0aiyBEMGmNGjJwpe0dxWRBkirzhj1mnXUxgpII7By1WUIQV10V0IJAyXpMQ7It2krEBPPpAnfiQDdKNtuXDmbFtUM77lNrgyp-9bvylPLpwaG5peh6flmhCKV7biLevyrf95Xw87x9M0pW9THolfNLQLpQi970gI5CP7kXppXV--AAO7CjpqABUUnrtNtFLtSP3imiml0l1ozFWUM9A__&Key-Pair-Id=KUT5TJCACFTXG","At its mid‑month meeting, the Alleghany County Board of Commissioners took a series of routine and programmatic actions. The board approved or advanced the following items (motions were made and seconded unless otherwise noted):

- Consent agenda: Approved as presented (no public comment was registered before the vote).

- FY2024 audit presentation: Received (presentation only; no vote required).

- Truist loan (new high school project): Commissioners directed staff to set a public hearing for Jan. 6 and to proceed with the Local Government Commission (LGC) application process after the hearing (public hearing set; final loan approval pending LGC review).

- Job posting — Community Pandemic Educational Coordinator (opioid‑funded position): Commissioners approved posting the job (motion to post carried). Staff said initial funding for the position in the current year is $116,665, funded from opioid settlement funds; future funding will be considered during the budget process.

- Parks & Recreation — new youth swim program: Board approved adding a swim program and authorized staff to open registrations; program costs for swimsuits and a $300 insurance premium were described as being covered by donated funds and county insurance responsibilities for liability.

- Health Department building expansion (Health Care Resource Service Administration grant): Board approved moving forward with the project; staff said the building is county‑owned but that the upgrades and expansion will be paid for by grant funding and health department fund balance; no county general fund contribution was reported.

- Opioid funds / contract signature amendment: Commissioners approved an amendment to a health‑care contractor agreement to update signature lines (no substantive contract changes).

- Appointment: Reappointment of David (last name in transcript given as Shope/Shope variant) to the Northwestern Regional Housing Authority board through 2029 was approved (county representative appointment; board requested continuation).

- Budget amendments: Approved multiple amendments including (a) TDA‑funded fairgrounds speaker/sound system reallocation from prior fiscal year into the current year to pay an outstanding bill; (b) a general fund amendment to cover a CARES grant‑funded uniform bill; and (c) a $50 donation to Social Services added to that department's budget.

All motions recorded in the meeting were carried unless noted otherwise. No final binding loan agreement for the new high school loan was executed at the meeting; that action requires a future vote after the public hearing and LGC process.","The Alleghany County Board of Commissioners approved the consent agenda and several budget and program items, set a public hearing for the Truist loan, and authorized staff actions including posting a new opioid‑funded position and approving health‑department building work paid for with grants.","actionData","errors"]

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Alleghany commissioners set public hearing for Truist loan recommendation for new high school; staff to apply to LGC

Alleghany County audit: unmodified opinion, three repeat findings and new opioid fund reporting

Votes at a glance: Alleghany County mid‑month meeting approvals and motions