AG 2004 07 26 - Laserfiche WebLink

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May 31, 2004 DRAFT Page 482 General Co~snt~ b7 the Chaired- Chairman Freeman briefly commented on events during the pas= year, including the largest industrial lay-off in North Carolina history w~th =he closing of Pillowtex, =he current unemployment rate of 7.1 percent and the 388 foreclosures that have occurred =hue far in 2004. Budget Review S~saion Chairman Freeman recessed the meeting at S:35 p.m. and reconvened the meeting aC 6:00 p.m. in =he Multipurpose Room. The Board =hen began review of the proposed FY 200S Cabarrue County Budge=. Projected ExPenditures and Rev~,,~e Ca=hie S=raub, Budget Officer, reviewed =he FY 2005 expenditure summary by service area and highlighted =he changes in various departments and programs. She distributed corrections =o the expenditure information contained in the preliminary Budge=, specifically Amended FY 2004 expenditures and Recommended FY 2005 expenditures for Social Services. Pam Duboie, Deputy County Manager, presented the FY 2005 revenue summary and reviewed the various revenues such aa property taxes, ocher taxes such ag sales, permits and fees, etc. Based on the revaluation effective January 1, 2004, Me. Dubois reported =he revenue neutral tax rate is $0.4973 She explained Chis is =he rate estimated =o produce revenue for the next fiscal year equal to the revenue that would have been produced for the next fiscal year by =he current =ax race if =he revalue=ion had not occurred Five Year Financial Plan Ms. Dubois presented =he Five-Year Financial Plan for the ~eneral Fund, Cabarrus Arena and Events Center and Solid Waste. She advised the Plan was based on a =ax rate of 56 cents for each of the five years (FY 2005, 2006, 2007, 2008 and 2009). During her presentation, Ms. Dubols responded to questions regarding incentive grants and the distribution of sales tax Board of Commise~onere Mrs. Bonds presented a brief overview of =he proposed Board of Commissioners budget. She explained =he major change was associated with the Attorney and Deputy Clerk positions added by the Board in FY 2004. Also, she reported funding for the Holiday Tree Con=est was not included for FY 2005. Me. Porter responded =o questions about projected Legal Expenses totaling $75,000.00 and efforts to coordinate legal services and reduce those costa in FY 2005. She stated she would look into =he possibility of serving as the attorney for the Planning and Zoning Commission. Health Insurance Mr. Cummings responded co questions by Commissioner Carpenter regarding employee health insurance costs. He explained the County health insurance plan for employe,e will change from a fully funded plan to a self-~nsured plan on July 1, 2~04. gount~ Manager Mr. Day b~iefly reviewed the proposed County Manager budget. The proposed budget reflected a 2S percent reduction in the consul=an= expense. Public Informm~io9 Office Aimee Hawkins and David Baxter, Public Information Officers, reviewed the budget for =he new department that is being established July 1. Funds were redirected from =he Informs=ion Services budge= for the department. Additional funding for planned marketing activities such as a quarterly newsletter to County residents was also included. There was discussion about efforts to enhance the manner in which informs=ion is provided =o =he public. Commissioner Carpenter reported she is working with euAnicipali=ies Co encourage =he local newspapers to desagnate a particular page for the placement of all public notices. The public would then know where =o look each day for notices of upcoming meetings, public hearings, etc.