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May 24, 2016 (Budget Meeting)
<br />Page 2745
<br />The Board of Commissioners for the County of Cabarrus met for a Budget
<br />Workshop Meeting in the Multipurpose Room at the Cabarrus County Governmental
<br />Center in Concord, North Carolina on Tuesday, May 24, 2016 at 4:00 p.m.
<br />Present - Chairman: Stephen M. Morris
<br />Vice Chairman: Diane R. Honeycutt
<br />Commissioners: Grace M. Mynatt
<br />Elizabeth F. Poole
<br />Lynn W. Shue
<br />Also present were Mike Downs, County Manager; Pam Dubois, Senior Deputy
<br />County Manager; Jonathan Marshall, Deputy County Manager; and Megan Smit, Clerk
<br />to the Board.
<br />Commissioner Poole arrived at 6:44 p.m. and was present for the remainder
<br />of the meeting.
<br />Call to Order
<br />Chairman Morris called the meeting to order at 4:02 p.m.
<br />Overview of the FY 2017 Budget Process
<br />Kristin Jones, Senior Budget Analyst, presented a brief overview of the
<br />agendas planned for the budget workshop meetings. She advised a spreadsheet
<br />reflecting any changes resulting from today's meeting will be provided at
<br />Thursday's budget workshop meeting.
<br />Susan Fearrington, Finance Director, reviewed the following information.
<br />All Funds Summa
<br />Funds
<br />FY16
<br />Revised
<br />FY17
<br />Manager
<br />Dollar
<br />Change
<br />Percent
<br />Change
<br />General
<br />$247,972,370
<br />$233,106,684
<br />($14,865,686)
<br />(5.99 %)
<br />Landfill
<br />1,605,627
<br />880,910
<br />(724,717)
<br />(45.14)%
<br />911 Emergency Telephone
<br />System
<br />1,230,625
<br />658,311
<br />(572,314)
<br />(46.51 %)
<br />Arena & Events Center
<br />(Arena & Fair)
<br />1,767,870
<br />1,569,069
<br />(198,801)
<br />(11.25 %)
<br />Health /Dental Insurance
<br />9,673,897
<br />9,929,798
<br />255,901
<br />2.65%
<br />Workers Comp /Liability
<br />1,590,4B0
<br />1,638,878
<br />48,398
<br />3.04%
<br />Total
<br />$263,840,869
<br />$247,783,650
<br />($16,057,219)
<br />(6.09 %)
<br />Overall Summa
<br />Ms. Jones presented an overview of the following items.
<br />Change in FTE from FY16 to FY17
<br />FTE Comparison
<br />FY16
<br />Revised
<br />FY17
<br />Proposed
<br />Change
<br />Percent
<br />Change
<br />Tax Rate
<br />$0.70
<br />$0.70
<br />-
<br />-
<br />Valuation
<br />$20,008,671,688
<br />$21,270,628,690
<br />$1,261,957,002
<br />6.31%
<br />Penny
<br />$1,942,077
<br />$2,086,189
<br />$144,112
<br />7.42%
<br />All Funds
<br />$263,640,869
<br />$247,783,650
<br />($16,057,219)
<br />(6.09)%
<br />General Fund
<br />$247,972,370
<br />$233,106,684
<br />($14,865,686)
<br />(5.99 %)
<br />FTE
<br />1042.03
<br />1074.05
<br />32.02
<br />3.07%
<br />Ms. Jones presented an overview of the following items.
<br />Change in FTE from FY16 to FY17
<br />FTE Comparison
<br />FTE equivalent
<br />Change in FTE
<br />FY16 Adopted
<br />1,044.77
<br />FY16 Revised
<br />1,042.03
<br />(2.74)
<br />FY17 Proposed
<br />1,074.05
<br />32.02
<br />
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