BC 2017 06 05 Work Session - Laserfiche WebLink

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June 5, 2017 (Work Session) Page 3174 Finance - Health Insurance Fund Budget Amendment Susan Fearrington, Finance Director, advised Finance annually reviews revenues and expenditures of the Health Insurance Fund based on actual activity that has occurred in the fund. She stated expenditures are being revised to cover the increase in medical claims during the last portion of fiscal year 2017, for administrative fees due to increase in stop-loss cap and changes to the HRA and HSA insurance. A brief discussion ensued with Ms. Fearrington and Lundee Covington, Human Resources Director, responding to questions from the Board. Finance - Update of Capital Project Fund Budgets and Related Project Ordinances Susan Fearrington, Finance Director, reported each year the multi-year fund budgets and project ordinances are evaluated and updated. She presented a brief overview of the following: Construction and Renovation Fund (Fund 343) , School Construction Fund (Fund 364) , Community Development Block Grant Fund (Fund 410) , Sheriff' s Department Fund (Fund 461) , Small Projects Fund (Fund 460) , Department of Aging Fund (Fund 532) and Cannon Memorial Library Fund (Fund 534) . She also responded to questions from the Board. Planning and Development - HOME Plans and Programs Kelly Sifford, Planning and Development Director, advised Cabarrus County has participated in the Cabarrus/Iredell/Rowan HOME program for over 20 years. She stated, as part of the requirement for accepting the HOME funds, Cabarrus County is required to adopt plans and programs that address federal program requirements. These plans and programs include Fair Housing, Section 3, Section 504, Anti-displacement and Relocation, Equal Opportunity Employment, Citizen Participation and Procurement. Board of Commissioners (BOC) - General Budget Discussion Kristin Jones, Senior Budget Analyst, reviewed the following FY 2017-2018 Budget Changes. r - rtmntt Description F ran TO x ans on Fire Tar and Insurance Arapoaed fludgrid 3 3,621,686 S 3,521,686 Effects on Expenses Effects on Revenues Addition al tax co ffer:'"fees due to Tax Collection Fees 203,695 proposed rate increases vo year approach to match rural rate to Concord Rural Increase ofS.059,newrate of 5.10 17,156 C dv rate Flove's Store Increase of$.01.newrate 0,5.06 47,186 Ste Ifstation and update faaIdles Wo rear approach to nratdh rural rate to Jackson Perk Increase of$.042 newrate of SAO 57.893 Crtv rate Three year approach to match rural rate to Kannapolm Rural Ircrease of$-045.newrate of 5.66 61,460 C try rate Total Fund Chan 203.695 203,695 flew Fund Total 4,025.381 4,026.381 Rer'enue o:ercundeo expenses FY 2017-18 Budget Ctlarigets Depairlynent Descrl tial Expense Revenue E 1anation Landfill Fund Proposed Budget S 971.000 E 971,000 Finance Payroll changes 952 10-9101 Finance Tippin Fees 952 27064610-6690 Total Fund Changes 952 952 New Fund Total 971.952 971 952 Revenue over/(under expenses (This space was left intentionally blank. )