B. Quarterly Update from Georgetown County Chamber of Commerce.
9. EXECUTIVE SESSION
A. Motion to adjourn Regular Meeting and enter into Executive Session pursuant to Section 30-4-70 (a)(1)(2)(5) to discuss appointments to
Construction Board of Appeals and KGB; to discuss employment and compensation for the open position in the Administration Department for Human Resources and Risk Management; to receive quarterly legal update from the City Attorney on pending and adjudicated cases and Opioid litigation update; and to discuss matters relating to the proposed location of and provision of services to the Hotel George project in the City.
Major Reasons To Maintain An Adequate Fund Balance: Cash flow through second half of calendar year; property taxes and business licenses are cyclical
Significant emergencies and unanticipated expenditures Flexibility for discretionary funding needs Potential for better interest rates on debt issues (can save the City money) To cover potential shortfalls from the state (a) due to budget cuts or (b) as a result of the change in legislation