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Five Year Financial Flan F GENERAL FUND 3128/2014
<br />Includes 2 financings: $23 million in FY 2016 and $20 million in FY 2417
<br />2019
<br />219,994,738
<br />2.801,409
<br />816,731
<br />163,922
<br />48,121
<br />111,692
<br />61,769
<br />Lottery Proceeds 4,911,790 2.200,000 2.000,0+00 2,000,000 2,000,000 2,000,000
<br />FB to balance
<br />Total One -time Revenues 10,060,673 2,200 4,000,000 2,000,000 2,000,000 2,000,000
<br />Total Revenues 213.461,012 208,352,927 213,690,003 218,060,041 221,994,738 226,018,380
<br />Budgeted Expenditures for:
<br />Amen. Budget less 1 -time exp, from the
<br />previous fiscal year
<br />204,226,468
<br />207,901,065
<br />207,132,927
<br />Revaluation Year
<br />214,995,779
<br />Budgeted Revenues tor:
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />Amen Budget less 1 -lime rev_ from the
<br />Personnel Inc. due to service expansionlreall.
<br />1,967,134
<br />290,577
<br />161,785
<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 />Ad valorem
<br />541,827
<br />579,754
<br />620,337
<br />Benefits part -time empl. (Health Care Reform)
<br />23,946
<br />Change resulting from Revaluation
<br />-
<br />-
<br />-
<br />6,755.321
<br />Salary Study Adjustments
<br />Growth?Declineintax base
<br />2,780,813
<br />2,417,738
<br />2,409,169
<br />2,638,504
<br />2,744,812
<br />Change in tax rata (Renal Rev Neutral)
<br />300,000
<br />400,000
<br />(4 „182,237)
<br />Improvement in DMV collections rate 5%
<br />Inc. in Merits for County Employees
<br />-
<br />715,463
<br />726,195
<br />Other Taxes
<br />748,144
<br />Oper. (mist., not captured in other categ.)`
<br />662.060
<br />(1.974,059)
<br />(73,850)
<br />Growth in Sales taxes 2.5%
<br />3,350,847
<br />739,918
<br />758,416
<br />777,377
<br />796,811
<br />114 cenl sales taxledu. Cap. Proj. 2.5% Inc
<br />1,957,211
<br />148,505
<br />152,218
<br />156,023
<br />159,924
<br />Permits & Fees
<br />(275.216)
<br />(395.621)
<br />(283,942)
<br />(286,034)
<br />Schools
<br />Ambulance Fees
<br />145,805
<br />60,236
<br />46,705
<br />47,172
<br />47,644
<br />Building Inspection Fees
<br />671,804
<br />125,000
<br />97,875
<br />142,279
<br />106,882
<br />Register of Deeds Fees
<br />405,800
<br />69,300
<br />72,692
<br />75,600
<br />78,624
<br />Other
<br />(208,750)
<br />Debt Svc. for Cap. Needs ($20) - RCCC GO Bonds
<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 />208,152.927
<br />209,690,003
<br />216,060,041
<br />219,994,738
<br />One Time Revenue Sources
<br />43,700
<br />3,300
<br />(1,375)
<br />1,625
<br />(625)
<br />Proceeds fir DMV charge (4 mo add rev.)
<br />2,467.049
<br />2,096,020
<br />Debt proceeds from KMS to RCCC
<br />2,681,834
<br />-
<br />2.000,000
<br />-
<br />-
<br />2019
<br />219,994,738
<br />2.801,409
<br />816,731
<br />163,922
<br />48,121
<br />111,692
<br />61,769
<br />Lottery Proceeds 4,911,790 2.200,000 2.000,0+00 2,000,000 2,000,000 2,000,000
<br />FB to balance
<br />Total One -time Revenues 10,060,673 2,200 4,000,000 2,000,000 2,000,000 2,000,000
<br />Total Revenues 213.461,012 208,352,927 213,690,003 218,060,041 221,994,738 226,018,380
<br />Budgeted Expenditures for:
<br />Amen. Budget less 1 -time exp, from the
<br />previous fiscal year
<br />204,226,468
<br />207,901,065
<br />207,132,927
<br />209,410,043
<br />214,995,779
<br />214,485,497
<br />County Services
<br />Personnel Inc. due to service expansionlreall.
<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 />Reinstate 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 />737.068
<br />748,144
<br />Oper. (mist., 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 />1246.921)
<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 />(1,123,669)
<br />(1,669,529)
<br />Qualified School Construction Bonds
<br />-
<br />1,330,000
<br />-
<br />Debt Svc. for Cap. Needs ($23) - KMS COPSILOBS
<br />5,353,750
<br />(208 750)
<br />(208,750)
<br />(208,750)
<br />Debt Svc. for Cap. Needs ($20) - RCCC GO Bonds
<br />5.772,040
<br />(229,250)
<br />(229,250)
<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 />44.060
<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 />Incrr in curr. Exp. for supplements (1.5 %)
<br />138,891
<br />-
<br />-
<br />-
<br />-
<br />Incr in curr. Exp. for growth in ADM & maim.
<br />679330
<br />1.570,000
<br />Incr. to KCS if school nurses not in ADM talc
<br />25.450
<br />Now 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 />('5,244,270)
<br />Increase to EDC
<br />20,000
<br />Increase (Decrease) In Contingency
<br />1,198,938
<br />(804,028)
<br />Total Re- occuring Expenditures
<br />209.035.101
<br />207,132.927
<br />209,410,003
<br />214.995,779
<br />214,485.497
<br />213,400,393
<br />Total Expenditures
<br />209,035.101
<br />207,132,927
<br />209,410,003
<br />214,995,779
<br />214,485,497
<br />213,400,393
<br />Capital Projects? One -time Expenditures
<br />Cap. Improv. Plan - GF Monies Edu.
<br />4,201004
<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 />2,000,000
<br />Funds for Capital Projects - Arch/Fnginxeering
<br />_
<br />1.060,000
<br />Contribution to State Unemployment Fund
<br />222.911
<br />Total Capital/One-lime Expenditures
<br />4,425,911
<br />1,220,000
<br />4,280,000
<br />1,220,000
<br />1,220,000
<br />1,220,000
<br />Total Expenditures
<br />213,461:012
<br />208,352,927
<br />213,690,003
<br />216.215,779
<br />215,7054497
<br />214,620.393
<br />Revenues over(under)Expenditures
<br />0
<br />0
<br />(0)
<br />1,844,262
<br />6,289,241
<br />11,397,9871
<br />Estimated Unassigned Fund Balance
<br />45,491,167
<br />45,091 „167
<br />45,091,167
<br />46,935,429
<br />53,224,669
<br />64,622,657
<br />as percentage of General Fund Budget
<br />21.12%
<br />21.64%
<br />21.10%
<br />21,71%
<br />24.67%
<br />30.11%
<br />Property Tax Rate
<br />.741100
<br />.701100
<br />.70/100
<br />.67931100
<br />,6793/100
<br />.67931101
<br />Total Debt Service Payments
<br />42,359 „335
<br />41,310,184
<br />46,651,196
<br />44,953,686
<br />43,337,325
<br />41,173,012
<br />_a %of Curre Budget
<br />_ _70.26%___
<br />19.94%
<br />22.28 °A
<br />20.91%
<br />20.21%
<br />19.29%
<br />Attachment number 1
<br />G -3 Pagega5
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