AG 2010 12 20 - Laserfiche WebLink

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(W Education / School Debt is the largest service area within the budget. This service area funds two public school systems and one community college. It also funds debt associated with the acquisition and construction of capital assets for the school systems and the community college. Total spending within this function is budgeted at $85.2 million, which represents 43.79% of all budgeted fiscal year 2011 spending. The funding level represents an increase of .29% above the past year's funding. Other Debt Service funds principal and interest payments on debt for the acquisition and construction of capital assets. Total spending within this function is budgeted at $12.5 million, which represents 6.46% of the fiscal year 2011 budget, and is an 25.16% increase from the amended fiscal year 2010 budget due to the onset of principal payments for the Jail Housing Unit 2008 COPS issue. Business -type Activities: The fiscal year 2011 Solid Waste Management (Landfill) Fund budget totals $3,255,657 which represents an increase of 105.32% above fiscal year 2010. In FY 2011, appropriated fund balance is budgeted for the construction and demolition site expansion and purchase of a new mini - dozer. In fiscal year 2011, intergovernmental revenues consisting of white goods and tire disposal tax in addition to fees collected for recycling sales are projected to decline overall due to the current economic conditions. Tonnage is estimated at 35,000 with future increase thereafter at 2.5 %. Beginning in FY 2011, a $1 fee increase per ton will be assessed every other year. Requests for Information This report is designed to provide an overview of the County's finances for those with an interest in this area. Questions concerning any of the information found in this report or requests for additional information should be directed to the Assistant Director of Finance, Cabarrus County, 65 Church Street SE, Concord, NC 28027, (704) 920 -2894. 24 G -2 Page 510