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In accordance with the existing Cabarrus County Personnel Management Policy, wage increases were <br />not recommended based on a rounding of the Consumer Price Index (CPI) as published for December <br />2008. The Personnel Management Policy also provides merit pay raises based on performance. Due to <br />the current economic conditions, the adopted budget departed from the policy and recommended the <br />suspension of merit adjustments for fiscal year 2010. <br />Education /School Debt is the largest service area within the budget. This service area funds two public <br />school systems and one community college. It also funds debt associated with the acquisition and <br />construction of capital assets for the school systems and the community college. Total spending within <br />this function is budgeted at $81 million, which represents 39.44% of all budgeted fiscal year 2010 <br />spending. The funding level represents a decrease of 1.69% below the past year's funding. <br />Other Debt Service funds principal and interest payments on debt for the acquisition and construction of <br />capital assets. Total spending within this function is budgeted at $10.04 million, which represents 4.89% <br />of the fiscal year 2010 budget, and is an 18.49% increase from the amended fiscal year 2009 budget due <br />to the issuance of Certificates of Participation for the construction of a Jail Housing Unit. <br />Business-type Activities: The fiscal year 2010 Solid Waste Management (Landfill) Fund budget totals <br />$1,595,914 which represents a decrease of 59.26% above fiscal year 2009 due to the postponement of <br />the Construction and Demolition expansion. <br />In fiscal year 2010, the disposal tax on white goods remains flat, as do tire disposal fees. Tipping fees are <br />projected to decrease by 28.75% due to economic conditions. <br />Included in the fiscal year 2010 Solid Waste Management Fund budget is funding for the purchase of two <br />replacements and two new 40 yard roll-off containers. <br />Requests for Information <br />This report is designed to provide an overview of the County's finances for those with an interest in this <br />area. Questions concerning any of the information found in this report or requests for additional <br />information should be directed to the Assistant Director of Finance, Cabarrus County, 65 Church Street <br />SE, Concord, NC 28027, (704) 920-2894. <br />23 Attachmentnumber3 <br />G-8 Page 295 <br />