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May 23, 2017 (Budget Meeting) Page 3163
<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 Contingency 1.418.224
<br /> Increase(Decrease)in Expenditures 663,017 - -
<br /> Total Recurring Expenditures 246.620,485 249,289.744 249,152.326 249.422,963 247.624.117
<br /> Total Expenditures $ 246.620,485 S 249,289,744 $ 249,152,326 $ 249.422,963 $ 247,624,117
<br /> Revenues over(under)Expenditures $ $ 2.463,449 $ 7.866,753 $ 23,668.578 $ 29,117,049
<br /> Estimated Unassigned Fund Balance(changes) S 50,718,395 $ 53.181,844 $ 61.048,597 $ 84,717.175 S 113,834.224
<br /> Property Tax Rate $0.70/100 $0.70/100 $0.701100 $0.701100 $0.701100
<br /> Total Debt Service Payments S 51,291,008 $ 50.741.205 S 47.755.236 $ 46,003,889 $ 42,693.884
<br /> as a%of Current Budget 20.80% 20.35% 19.17% 18.44% 17.24;6
<br /> Ms. Fearrington and Ms. Dubois reviewed the following information
<br /> regarding Capital Reserve Funds and responded to questions from the Board.
<br /> Capital Reserve Funds: Proposed Usage of Balance of Funds:
<br /> Balance: $7, 254, 970
<br /> Cabarrus County Projects List FY18 (4,284, 859)
<br /> School Projects (2, 970, 111)
<br /> Ms. Jones reviewed the unallocated contingency funds for FY18. She stated
<br /> there is currently $378, 078.00 in unallocated funds. She then reviewed final
<br /> budget changes, advising the budget process cuts off in April to allow staff
<br /> time to prepare the document for presentation to the Board. She added that
<br /> during that time, changes are often discovered and final ADM figures for schools
<br /> are received. The following spreadsheet details the changes identified up to
<br /> May 22nd.
<br /> FY 2017-18 Budget Charities
<br /> on on
<br /> General Fund Proposocf Budglif
<br /> Reallocate funds based an April ADM spit
<br /> School-CCS-Charter mend.Original numbers baled on"Berate 14993 Transfer to CC9 Charter School Funding 00197110970117
<br /> ReaOxate fords based on Apnl ADM spit
<br /> School-KCS-Charter memo �rul numbers based on esfirnate 2.454 Transfer to KCS Charter School Fixuding 00197130970117
<br /> Sehoak•KCS-A"War Redbcass finds bawd an April ADM split
<br /> Instructional menu. marrhers based an alternate. 57,000 Tran@Wb KCS k%1nuc1fonF 00197130970111
<br /> 7ranslar n a"o&Knpoon Tunas For aaamor=
<br /> Reallocate rinds based on Apnl ADM spit stident courd based an charge in ADM figures horn
<br /> al- nwmo Original mnnbers based on estinute 4.032 1.811 to 1.817 40 001919109660
<br /> roue.ver
<br /> Planer position end wasn't onpru4y Ixdgeled.This
<br /> Additional travel casts per suggested cam 1,600 covers tmvd coda 001927109610
<br /> Increase cost provided by slate per H5513. Special AssisWnes to Adults draft per State-non-
<br /> Human Snvices $82 per resident par month 250,000 rehnbxneable 00195645-9449-NON
<br /> EMS We not e
<br /> a Increase n FY 18 due*
<br /> F t PAplocia TrIded rllower
<br /> HeatManbnance EpEM R amen+ ,WO Zmower 001919659 3
<br /> eterars new WNW t etersns Services;departrairit
<br /> Rent reoW for space at cooparat"
<br /> TAMS exterreiar 32.600 Rarslaa rent for Extension 00161950.6612
<br /> Updated saWry pra)tcfren wide lap 3 payrd changes
<br /> Firranrs 79,671 and corrected r*ban= rots fmm 7.57 b 7.60 001919109109
<br /> Hurnan Resources m ercrease Fai
<br /> RealbcsM beds based on April ADM split
<br /> N rda memo. numbers based on astinste. 371.298 Trasfr hoar CoruO inoAorsled 001919609660
<br /> C na a1 WIN
<br /> n roue r JCPC
<br /> Other den Other den den safety for JCpC
<br /> Other Public SAft
<br /> r� eficeas tn"5W RmforiCIAC
<br /> So.
<br /> ToW Fund Changes 34600 32.600
<br /> New Fund Total 246.653.085 246.653,085
<br /> avenue over udder I evernes
<br /> There was discussion, with Ms. Jones and Pam Dubois, Senior Deputy County
<br /> Manager, responding to questions from the Board.
<br /> Cabarrus Arts Council - Presentation of the FY18 Budget Request
<br /> Noelle Rhodes Scott, Cabarrus Arts Council, President and Chief Executive
<br /> Officer (CEO) , thanked the Board for the opportunity to address them in
<br /> connection with their FY18 budget requests. She then provided an overview of
<br /> the Arts Council's work in the community along with an overview of funds spent
<br /> and requested. Keith Gehl and Bill Dusch, members of the Cabarrus Arts Council
<br /> Board of Directors, were also in attendance.
<br /> A brief discussion ensued.
<br /> Economic Development Corporation (EDC) - Presentation of the FY 2018 Budget
<br /> Request
<br />
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