|
Five Year Financial Plan C (reduce tax rate 3.5 cents over two years;. revenue neutral less one cent in FY17,
<br />adds $7 m to capital reserve; $9.1 in in FYI and $3.4 m in FYI in cuts, reduction in debt svc used for capital expenses) 3/28114
<br />GENERALFUND
<br />Budcteted Revenues for:
<br />2014
<br />Amen. Budget less 1dime rev. from the
<br />49,088,559
<br />previous fiscal year
<br />191 ,835, _332
<br />Ad valorem
<br />21.99%
<br />Change resulting from Revaluation
<br />-
<br />GrowthlDecline in tax base
<br />2,780,813
<br />Change in tax rate (Reval Rev Neutral -.01 cent)
<br />.63401100
<br />Improvement in DMV collections rate 5%
<br />42,359,335
<br />Other Taxes
<br />41,297,446
<br />Growth in Sales taxes 2.25 %per year Inc
<br />3,350,847
<br />114 cent sales taxledu. Cap. Proj. 2.25% inc
<br />1,957,211
<br />Permits & Fees
<br />20.51 %d___
<br />Ambulance Fees
<br />145,805
<br />Building Inspection Fees
<br />671,804
<br />Register of Deeds Fees
<br />405,800
<br />Other
<br />QSCB Subsidy Payments
<br />(67,070)
<br />Increase (Decrease) in other Revenues
<br />2,319,797
<br />Total Re- occurring Revenues
<br />203.400,339
<br />One Time Revenue Sources
<br />Proceeds fr DIv1V change (4 mo, add rev.)
<br />2,467,049
<br />COPs Proceeds - School Debt/Housing Unit
<br />2,681,834
<br />Lottery Proceeds
<br />4,911,790
<br />Fund Balance Appropriated
<br />-
<br />Total Cane -time Revenues
<br />10,060,673
<br />Total Revenues
<br />213,461,012
<br />Amen. Budget less 1 -time exp. from the
<br />previous fiscal year
<br />County Services
<br />Personnel Inc. due to service expansionlreali.
<br />Increases in Health Insurance
<br />Benefits part-time empl. (Health Care Reform)
<br />Inc. in Merits for County Staff (increase to 4% cap)
<br />Oper. (mist., not captured in other categ.)"
<br />Debt
<br />Retirement of Debt Service
<br />Schools
<br />Qualified School Construction Bonds
<br />Debt Svc. for Cap. Needs (90.8 mil. 2% inc.)
<br />Other
<br />Fulfilled /Added Econ Dev Incentive Grants
<br />Obligation to Kannapolis (TIF)
<br />Increase to schools for salaries
<br />Incr. in curr. Exp. for supplements (1.5 %)
<br />Incr. in curr. Exp. for growth In ADM & maint.
<br />Incr. to KCS If school nurses not in ADM talc
<br />New School operational cost
<br />Increase In Contribution to Health Alliance
<br />Decrease in Contribution to Arena Fund
<br />Increase to EDC
<br />Increase (Decrease) in Contingency
<br />Additional cuts per Commissioner Oesterreich's plan
<br />Total Re- occuring Expenditures
<br />trap. improv. Tian - ter- monies tau.
<br />Capital Reserve Additions for Schools
<br />Contribution to State Unemployment Fund
<br />Total CapitalfOne -lime Expenditures
<br />Total Expenditures
<br />Revenues over(under)Expenditures
<br />Estimated Unassigned Fund Balance
<br />as percentage of General Fund Budget
<br />Property Tax Rate
<br />Total Debt Service Payments
<br />as a % of Current Budget_
<br />200,226,468
<br />1,967,134
<br />907,698
<br />23,946
<br />1,01.3,852
<br />662,060
<br />(246,921)
<br />(777,256)
<br />1,151,217
<br />44,000
<br />1,433,094
<br />138,891
<br />679,330
<br />25,450
<br />658,756
<br />(91,554)
<br />20,000
<br />1,198,936
<br />209,035,101
<br />4,203,000
<br />4,425,911
<br />3.461.012
<br />2015
<br />203,841,187
<br />2,417,738
<br />(2,791,470)
<br />739,918
<br />148,505
<br />60,236
<br />125,000
<br />69,300
<br />(1,248,957)
<br />203,361,457
<br />2,200,000
<br />207,901,085
<br />88,887
<br />234,000
<br />(2.004,428)
<br />(262.333)
<br />(786,818)
<br />279,783
<br />43,700
<br />2,096,020
<br />(300,000)
<br />(804,028)
<br />(9,144,411)
<br />197,341,457
<br />1,220,000
<br />7,000,000
<br />8,220,000
<br />2016
<br />203,361,457
<br />2,357, 544
<br />(3,790,793)
<br />758,416
<br />152,218
<br />46,705
<br />97,875
<br />72,692
<br />203,056,114
<br />2,000,000
<br />197,341,457
<br />215,882
<br />506,380
<br />715,463
<br />(45,405)
<br />(275,216)
<br />(1,067,522)
<br />1,330,000
<br />(896,380)
<br />3,300
<br />Revaluation Year
<br />2017
<br />203,056,114
<br />6,436,177
<br />2,506,579
<br />(6,292,610)
<br />777,377
<br />156,023
<br />47,172
<br />102,279
<br />75,600
<br />206,864,711
<br />2,000,000
<br />195,774,225
<br />9,128
<br />541,827
<br />726,195
<br />(395,621)
<br />(1,093,139)
<br />2018
<br />206,864,711
<br />2,561,770
<br />796,811
<br />159,924
<br />47,644
<br />106,882
<br />78,624
<br />210,616,366
<br />2,000,000
<br />194,096,670
<br />9,402
<br />579,754
<br />737,088
<br />(283,942)
<br />(1,123,669)
<br />(1,464 „570) 74,600
<br />(1,375) 1,625
<br />1,363,636
<br />(3 „417,370)
<br />195, 774, 225 194.0 96.670 194, 091.5
<br />1,220,000
<br />8,061,889
<br />9,281,889
<br />5.056.114
<br />1,220,000 1,220,000
<br />9,550,649 10,958,260
<br />10,770,649 12,178,260
<br />0 - - 3,997,352 6,346,578
<br />45,091,167
<br />45,091,167
<br />45,091,167
<br />49,088,559
<br />55,435,137
<br />21.12%
<br />21.94%
<br />21.99%
<br />23.96 %
<br />26.88%
<br />.70)100
<br />.685/100
<br />.6651 109
<br />.63401100
<br />.63401100
<br />42,359,335
<br />41,310,184
<br />41,297,446
<br />39,808,686
<br />38,401,075
<br />_20.26 %
<br />20.93 %0
<br />21.09 %fl
<br />20.51 %d___
<br />_ 19AWG
<br />2019
<br />210,616,366
<br />2,614,593
<br />81 6,731
<br />163,922
<br />48,121
<br />111,692
<br />81,769
<br />214,453,194
<br />2,000,oali
<br />2,000,000
<br />216,453,194
<br />194,091,528
<br />9,684
<br />620,337
<br />748,144
<br />It
<br />191511,505
<br />1,220,000
<br />12,913,823
<br />14,133,823
<br />207,645,328
<br />8,807;856
<br />64,243,003
<br />30.94 %
<br />.63401100
<br />36, 445, 512
<br />numberl$.83%
<br />G -3 Pageg0d(3
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