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April 3, 2017 (Work Session) Page 3083
<br /> Budgeted Expenditures for:
<br /> Amended Budget less one time expenditures from the
<br /> previous fiscal year $ 232,373,758 $ 246,668,800 $ 249.338,059 $ 249,200,641 $ 249,471,278
<br /> County Services
<br /> New Position Request (includes reclassifications) 1,731,664 - - - -
<br /> Salary Study 450,000 - - - -
<br /> Merit increase - 1.52% average 500,000 899,508 926,878 955,081 984,143
<br /> Cost of Living Adjustment - (2% FYie, 1,54 FY19-Fy i 1,126,091 874,554 901,165 928,586 956,841
<br /> Health Insurance increases (includes retirees) 323,252 500,000 500,000 500,000 500,000
<br /> Debt
<br /> Retirement of Debt Service (1,489,900) (2,089,980) (2,808,569) (1,403,847) (3,088,255)
<br /> Wallace Park Land (5 years) 49,000 - - - -
<br /> Parking Deck Downtown (20 years) 927,2el 227,219 (24,000) (24,000) (30,0(10)
<br /> New High School (20 years) 4,252,478 1,023,072 (109,400) (109,400) (136,750)
<br /> Performance Learning Center (7 years) 643,607 59,893 (22,000) (22,000) (27,500)
<br /> Warehouse (Hwy 49) (7 years) 643,607 59,893 (22,000) (22,000) (27,500)
<br /> Motorola Equipment lease (2 years) - 170,100 - (170,100) -
<br /> Schools
<br /> Additional Current Expense Funding 3,876,488 - - - -
<br /> Additional Current Expense Funding -RCCC 227,471 - - - -
<br /> Other
<br /> Land Banking Funding - - - - -
<br /> Additional Funding for Cabarrus Health Alliance 412,638 - - - -
<br /> Increases/Decreases in Incentive Payments 110,000 945,000 520,508 (361,683) (929,825)
<br /> Increase (Decrease) in Expenditures 511,365
<br /> Total Recurring Expenditures 246,668,800 249,338,059 249,200,641 249,471,278 247,672,432
<br /> Total Expenditures $ 246,668,800 $ 249,336,059 $ 249,200,641 $ 249,471,278 $ 247,672,432
<br /> Revenues over (under) Expenditures $ (204,092) $ 2,259,357 $ 7,662,661 5 23,464,486 $ 28,912,957
<br /> Estimated Unassigned Fund Balance (changes) 5 50,718,395 5 52.977,752 3 60.640,413 $ 84,104.899 $ 113,017,856
<br /> Property Tax Rate $0.70/ 100 $0.70/ 100 $0.70/ 100 $0.70/ 100 $0.70/ 100
<br /> Total Debt Service Payments s 51,291,008 b 50,141,205 47,755,236 5 46,003,889 b 42,693,884
<br /> as a % of Current Budget 20.79% 20.35% 19.16% 18.444 17.24%
<br /> Five Year Financial Plan - Proposed with Deferred Maintenance
<br /> GENERAL FOND
<br /> Budgeted Revenues for: 2018 2019 2020 2021 2022
<br /> Amended Budget less one time revenues from the
<br /> previous fiscal year $ 231,911,326 $ 244,464,708 $ 249,597,416 $ 254,663,302 $ 270,935,764
<br /> Ad valorem
<br /> Growth for revaluation (8%) - - - 10,669,683 -
<br /> Growth in tax revenues (4.8% FY18, 2.4% FY19-FY21,1 6,295,080 3,352,le3 3,434,512 3,518,873 1,711,448
<br /> Growth in tax DMV revenues (7% FY18, 44 FY19-FY22) 858,548 528,220 549,349 571,323 594,176
<br /> Other Taxes
<br /> growth in Sales taxes (7.81 FY18, 2% FY19-FY22) 3,457,835 957,879 977,037 996,577 1,016,509
<br /> Permits E Fees
<br /> Ambulance Fees (2% FY18, 19 FY19-FY22) 231,079 53,936 54,414 54,e97 55,384
<br /> Building Inspection Fees (04 FY18, 3% FY19-FY22) 395,121 96,904 99,811 102,805 105,889
<br /> Register of Deeds (5% FY18, 5% FY19-FY22) 439,750 143,586 150,763 158,304 166,219
<br /> Other
<br /> Increase in Interest on Investments 220,000 - - - -
<br /> Increase in Statewide Misdemeanor Confinement Progre 174,000 - - - -
<br /> Increase in Medicaid Hold Harmless 875,000 - - - -
<br /> Increase (Decrease) in other Revenues (393,031) - - -
<br /> Total Recurring Revenues 244,464,708 249,597,416 254,863,302 270,935,764 274,585,389
<br /> One Time Revenue Sources
<br /> Lottery Proceeds 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
<br /> Total One-time Revenues 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
<br /> Total Revenues 246,464,708 251,597,416 256,863,302 272,935,764 276,585,389
<br /> Budgeted Expenditures for:
<br /> Amended Budget less one time expenditures from the
<br /> previous fiscal year $ 232,373,750 $ 250,668,800 $ 253,338,059 $ 253,200,641 $ 253,471,278
<br /> County Services
<br /> New Position Request (includes reclassifications) 1,731,664 - - - -
<br /> Salary Study 450,000
<br /> Merit increase - 1.52% average 500,000 899,508 926,87e 955,081 984,143
<br /> Cost of Living Adjustment - (2% FY18, 1.5% FY19-FY 2 1,126,091 874,554 901,165 928,586 956,841
<br /> Health Insurance increases (includes retirees) 323,252 500,000 500,000 500,000 500,000
<br /> Debt
<br /> Retirement of Debt Service (1,489,900) (2,089,980) (2,808,569) (1,403,e47) (3,088,255)
<br /> Wallace Park Land (5 years) 49,000 - - - -
<br /> Parking Deck Downtown (20 years) 927,281 227,219 (24,000) (24,000) (30,000)
<br /> New High School (20 years) 4,252,478 1,023,072 (109,400) (109,400) (136,750)
<br /> Performance Learning Center (7 years) 643,607 59,893 (22,000) (22,000) (27,500)
<br /> Warehouse (Hwy 49) (7 years) 643,607 59,893 (22,000) (22,000) (27,500)
<br /> Motorola Equipment lease (2 years) - 170,100 - (170,100) -
<br /> Schools
<br /> Additional Current Expense Funding 3,876,488 - - - -
<br /> Additional Current Expense Funding - RCCC 227,471 - - -Deferred Maintenance Maintenance 4,000,000 _ _ _
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