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Five Year Financial Plan E
<br />Includes GO financing of $43 million in FY 2017
<br />GENERAL FUND
<br />3/28/2014
<br />Revaluation Year
<br />Budgeted Revenues for:
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />Amen. Budget less 1 -time rev. from the
<br />previous fiscal year
<br />191,835,332
<br />203,841,187
<br />206,152,927
<br />209,690,003
<br />216,060,041
<br />219,914,738
<br />Ad valorem
<br />Change resulting from Revaluation
<br />-
<br />-
<br />-
<br />6,755,321
<br />GrowthlDeclina in tax base
<br />2,780.813
<br />2,417,738
<br />2,409.169
<br />2,638,504
<br />2.744,812
<br />2,801,409
<br />Change in tax rate (Renal Rev Neutral)
<br />(4,182,237)
<br />Improvement in DMV collections rate 5%
<br />Other Taxes
<br />Growth in Sales taxes 2.5%
<br />3,350,847
<br />739,918
<br />758,416
<br />777,377
<br />796,811
<br />816,731
<br />114 cent sales taxledu. Cap. Pro]. 2.5% Inc
<br />1,957,211
<br />148,505
<br />152,218
<br />156,023
<br />159,924
<br />163,922
<br />Permits & Fees
<br />Ambulance Fees
<br />145,805
<br />60,236
<br />46,705
<br />47,172
<br />47,644
<br />48,121
<br />Building Inspection Fees
<br />671,804
<br />125,000
<br />97,875
<br />102,279
<br />106,882
<br />111,692
<br />Register of Deeds Fees
<br />405,800
<br />69,300
<br />72,692
<br />75,600
<br />78,624
<br />81,769
<br />Other
<br />QSCB Subsidy Payments
<br />(67,070)
<br />-
<br />-
<br />-
<br />Increase(Decrease)in other Revenues
<br />2,319,797
<br />(1,248,957)
<br />-
<br />-
<br />Total Re- occurring Revenues
<br />203,400,339
<br />206,152,927
<br />209,690,003
<br />216,060.041
<br />219,994,738
<br />224,018,380
<br />One Time Revenue Sources
<br />Proceeds fir DMV change (4 me. add rev.)
<br />2,467,049
<br />Debt proceeds
<br />2,681,834
<br />-
<br />-
<br />Lottery Proceeds
<br />4,911.790
<br />2,200,000
<br />2,000,000
<br />2,000,000
<br />2,000.000
<br />2,000.000
<br />FB to balance
<br />Total One -tame Revenues
<br />10,060,673
<br />2,200,000
<br />2,000,000
<br />2,000,000
<br />2,000,000
<br />2,000,000
<br />Total Revenues
<br />213,461,012
<br />208,352,927
<br />211,690,003
<br />218,060;041
<br />221,994,738
<br />226,018,380
<br />Budgeted Expenditures for:
<br />Amen. Budget less 1• lime exp. and cuts from the
<br />previous fiscal year
<br />200,226,468
<br />207,901,085
<br />207,132,927
<br />207,400,523
<br />216,840,041
<br />216,381,509
<br />County Services
<br />Personnel Inc. due to service expansiordreali.
<br />1,967,134
<br />290,577
<br />161,785
<br />148,353
<br />14,112
<br />14,393
<br />Increases in Health Insurance
<br />907,698
<br />234,000
<br />506,380
<br />541,827
<br />579,754
<br />620,337
<br />Benefits part -time empl. (Health Care Reform)
<br />23,946
<br />-
<br />-
<br />Salary Study Adjustments
<br />115,000
<br />Re- Instate Workers Compensation
<br />300,000
<br />400,000
<br />Inc. in Merits for County Employees
<br />1,013,852
<br />715,463
<br />726,195
<br />737,088
<br />748,144
<br />Oper. (misc., not captured in other categ.)'
<br />662,060
<br />(1,974,059)
<br />(73,850)
<br />(9,143)
<br />(71,850)
<br />(71,790)
<br />Debt
<br />Retirement of Debt Service
<br />(246.921)
<br />(262,333)
<br />(275,216)
<br />(395,621)
<br />(283,942)
<br />(286,034)
<br />Schools
<br />(777,256)
<br />(786,818)
<br />(1.067,522)
<br />(1.093.139)
<br />(1,121669)
<br />{1,669,529)
<br />Qualified School Construction Bonds
<br />-
<br />-
<br />1,330,000
<br />-
<br />Debl Svc. for Cap. Needs ($43) GO Bonds
<br />10,195,750
<br />(386,250)
<br />(386,,250)
<br />Other
<br />Fulfilled/Added Econ Dev Incentive Grants
<br />1,151,217
<br />279,783
<br />(896,380)
<br />(1,464,570)
<br />74,600
<br />(2,000)
<br />Obligation to Kannapolis (TIF)
<br />44,000
<br />43,700
<br />3,300
<br />(1,375)
<br />1,625
<br />(625)
<br />Increase to schools for 1.0"/
<br />1,433.094
<br />2,096,020
<br />Inor. in cun. Exp. for supplements (1.5 %)
<br />138,891
<br />-
<br />-
<br />-
<br />Incr. In cure. Exp. for growth to ADM & maint.
<br />679,330
<br />1,570,L100
<br />Inor. to KCS if school nurses not in ADM talc
<br />25.450
<br />New School operational cost
<br />1,363,636
<br />Increase In Contribution to Health Alliance
<br />658.756
<br />(300.000)
<br />-
<br />Decrease in Contribution to Arena Fund
<br />(91.554)
<br />Cuts in expenses to balance
<br />(1,904,000)
<br />(778,758)'
<br />Increase to EDC
<br />20.000
<br />Increase (Decrease) in Contingency
<br />1.198,936
<br />(804,028)
<br />-
<br />Total Re- occuring Expenditures
<br />209,035,101
<br />207,132,927
<br />207,400,523
<br />216,840,041
<br />216.381.509
<br />215,348,155
<br />Total Expenditures
<br />209 ,035,101
<br />207,132,927
<br />207,400,523
<br />216,840,041
<br />216,381,509
<br />215,348,155
<br />Capital Pro]ectsl One -time Expenditures
<br />Cap. Improv. Plan- GF Monies Edu.
<br />4.203,000
<br />1,220,000
<br />1,220,000
<br />1,220,000
<br />1,220,000
<br />1,220,000
<br />Funds for Capital Projects
<br />2,009,480
<br />Funds for Capital Projects- Arch/Engineenng
<br />1,060,000
<br />Contribution to State Unemployment Fund
<br />222,911
<br />Total CapitallOne -time Expenditures
<br />4,425,911
<br />1,220,000
<br />4,289,480
<br />1.220,000
<br />1.220,000
<br />1,220,000
<br />Total Expenditures
<br />213,461.012
<br />208,352,927
<br />211,690,003
<br />218,060,041
<br />217.601,509
<br />216,568,155
<br />Revenues over (under) Expenditures
<br />0
<br />0
<br />(0)
<br />0
<br />4,,393,229
<br />9,450,225
<br />Estimated Unassigned Fund Balance
<br />45,091,167
<br />45,091,167
<br />45,091,167
<br />45,091,167
<br />49,484,395
<br />58,934,621
<br />as percentage of General Fund Budget
<br />21,12%
<br />2164%
<br />21.30%
<br />20.68%
<br />22.74%
<br />27.21%
<br />Property Tax Rate
<br />.701100
<br />.701 100
<br />.701100
<br />.67931100
<br />.6793/100
<br />.6793001
<br />Total Debt Service Payments
<br />42.359,335
<br />41,310,184
<br />41,297,446
<br />39,808,686
<br />38,401,075
<br />36,445,512
<br />as a °J of Current Budget
<br />20.26%
<br />1994%
<br />19.91%
<br />18.36%
<br />17.75 1 J
<br />16.92%
<br />Attachment number 1
<br />G -3 P age g0d5
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