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June 19, 2017 (Regular Meeting) Page 3183 <br /> 61061917-6701 Interest on Investment $4,000.00 $2,000.00 $0.00 $6,000.00 <br /> 61061917-6804 Insurance Refunds $80,000.00 $144,000.00 $0.00 $224,000.00 <br /> 61061917-6901 Fund Balance Appropr $7,500.00 $537,000.00 $0.00 $544,500.00 <br /> 61091917-9485 Administrative Fees $1,574,865.00 $0.00 $410,500.00 $1,164,365.00 <br /> 61091917-948501 Admin H S A Fee $325,000.00 $5,500.00 $0.00 $330,500.00 <br /> 61091917-948502 H R A - Gilsbar $75,752.00 $0.00 $10,000.00 $65,752.00 <br /> 61091917-9645 ISelf Insured Claims $7,038,386.00 $1,100,000.001 $0.001 $8,138,386.00 <br /> (F-7) Tax Administration - Refund and Release Report - May 2017 <br /> Release report contains taxpayers' names, bill numbers, valuations, tax <br /> amounts, along with the justifications for releasing the valuation/tax amounts <br /> for outstanding levies in accordance with N.C.G.S. 105-381. Refund report is <br /> a summary sheet which lists data from each refund request form, along with the <br /> justification for the refunds to the taxpayers in accordance with N.C.G.S. 105- <br /> 381. <br /> Note: Due to the transition of motor vehicles onto the new North Carolina <br /> Vehicle Tax System (NCVTS) , motor vehicle-related refunds and releases will <br /> begin to be displayed on the new report generated by NCVTS. <br /> UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Kiger <br /> and unanimously carried, the Board approved the May, 2017 Refund-Release report <br /> as submitted, including the NCVTS Refund report, and granted authority to the <br /> Tax Collector to process the refunds and releases. The report is hereby <br /> incorporated into the minutes by reference and is on file with the Clerk to the <br /> Board. <br /> (G) NEW BUSINESS <br /> (G-1) County Manager - Adoption of the FY18 Cabarrus County Budget - Public <br /> Hearing 6:30 P.M. <br /> Chairman Morris opened the Public Hearing at 6:50 p.m. The Public Hearing <br /> Notice was published on June 9, 2017 in The Independent Tribune. The Public <br /> Hearing Notice was also posted on the County' s website (www.cabarruscounty.us) <br /> on June 7, 2017 in accordance with Article 2, Administration, Section 2.1 (Use <br /> of Electronic Means to Provide Public Notices) of the Cabarrus County Code of <br /> Ordinances. <br /> Chairman Morris commented on the budget process and expressed appreciation <br /> to staff for their work in formulating the budget. <br /> There was no one present to address the Board; therefore, Chairman Morris <br /> closed the public hearing. <br /> UPON MOTION of Commissioner Shue, seconded by Vice Chairman Honeycutt and <br /> unanimously carried, the Board adopted the Cabarrus County Budget Ordinance for <br /> the General Fund, Cabarrus Arena and Events Center Fund, Landfill Fund, 911 <br /> Emergency Telephone Fund, Health and Dental Insurance Fund, and the Workers <br /> Compensation and Liability Insurance Fund for FY18. <br /> Ordinance No. 2017-31 <br /> CABARRUS COUNTY BUDGET ORDINANCE <br /> FISCAL YEAR 2017-2018 <br /> BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North <br /> Carolina: <br /> Section I. <br /> The following amounts, listed by fund, are hereby appropriated as the <br /> estimated revenues and expenditure appropriations for the operation and <br /> maintenance of the County' s various governmental activities, debt <br /> obligations and capital outlay purchases during the Fiscal Year beginning <br /> July 1, 2017 and ending June 30, 2018 : <br /> General Fund <br /> A. It is estimated that the following revenues will be available in the <br /> General Fund for the fiscal year beginning July 1, 2017 and ending <br /> June 30, 2018: <br /> Ad Valorem Tax Levy $ 154,345, 842 <br /> Other Taxes and Penalties 49, 610, 954 <br />