AG 2011 12 19 - Laserfiche WebLink

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to affect fees related to building and other construction related permits as well as document recording fees. In addition, while there have been a decrease in land records recorded, there has been an increase in trustee deeds due to an increase in foreclosures. While this is another indicator of the economy's negative impact on the community, this resulted in increased revenue for this category, collecting $365,309 or 15% more than budgeted. The Certificates of Participation 2009 Fund balance decreased $25,233,673. Certificates of Participation were issued during the fiscal year ended June 30, 2010 in the amount of $85,170,000 for the construction of four schools and the renovation and wing addition at a fifth school. This project will span over several years. Debt was issued in fiscal year 2010. However expenditures of $21,302,227 were recorded in fiscal year 2011. The Qualified School Construction Bond Fund balance increased $14,639,218. Certificates of Participation were issued during the fiscal year ended June 30, 2011 in the amount of $14,637,157 for the planning, design, renovations and repairs of local schools. This project will span over three years. General Fund Budgetary Highlights: During the fiscal year, the County revised the budget on several occasions. Generally, budget amendments fall into one of three categories: 1) amendments made to adjust the estimates that are used to prepare the original budget ordinance once exact information is available; 2) amendments made to recognize new funding amounts from external sources, such as Federal and State grants; and 3) increases in appropriations that become necessary to maintain services. Total amendments to the General Fund's budget amounted to an increase of $27,719,414. At year -end, actual general fund revenues and transfers in exceeded final amended budget numbers by 1.07 %. Actual general fund expenditures and transfers out were less than final budgetary figures by 4.73 %, thus eliminating the need to draw upon existing fund balance. Major budget increases (decreases) during the year include: • Two American Reinvestment and Recovery Act (ARRA) Grants for Juvenile Crime Prevention: $108,720 for Juvenile Crime Prevention Council Gang Prevention and Intervention Pilot administered through the Bureau of Justice Assistance Edward Byrne Memorial Justice Assistance Grant Program and $75,000 in additional ARRA funds for gang violence prevention administered through Department of Juvenile Justice and Delinquency Prevention and awarded to Cabarrus Health Alliance and Boys and Girls Club. • Additional ARRA Funds for Energy Programs: $611,066 awarded to the Commerce department to increase energy efficiency in the community. • Contributions from Other Funds: $350,000 contribution from capital reserve fund to the general fund for economic incentive grant to Celgard, LLC for the purchase, closing and recording of real estate at the International Business Park in Cabarrus County. $2,579,438 fund balance re- appropriation from prior year for projects that were not completed in FY2010 and were on- going in FY2011. • Contributions to Other Funds: ($348,407) transferred from the general fund to the special projects fund for Agriculture Department of Farmland & Preservation grant /project. Funds transferred were taxes collected and interest earned on farm land. ($570,000) transferred from general fund to worker's compensation fund for insurance and claims and to replenish the worker's compensation fund's reserve balance. • Cannon Funds: $753,910 contribution from Cannon Memorial Trust for renovations to the Cannon Memorial Library and another $50,000 received from the Cannon foundation to support the County's Council for Sustainable Local Economy, which funded one part -time position and other operational needs for the program. • Additional funding for Health and Human Services: $132,182 received from NC Division of Aging for the Title V Senior Community Employment Program. This additional funding provided for the 13 temporary part -time positions for low income individuals age 55 years or older. 21 Attachment number 1 1 -3 Page 141