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May 26, 2 0I5 (Budget Meeting)
<br />Page 240'4
<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 26, 2015 at 4:00 p.m.
<br />Present - Chairman: Stephen M. Morris
<br />Vice Chairman: Elizabeth F. Poole
<br />Commissioners: Diane R. Honeycutt
<br />Grace M. Mynatt
<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,
<br />Clerk to the Board.
<br />Call to Order
<br />Chairman Morris called the meeting to order at 4:06 p.m.
<br />Overview of FY 2016 Budget Process
<br />Susan Fearrington, Finance Director, presented a brief overview of the
<br />budget workshop agendas and reviewed the following information.
<br />All Funds Summary
<br />Overall Summa
<br />FY15
<br />FY16
<br />Dollar
<br />Percent
<br />Funds
<br />Adopted
<br />Manager
<br />Change
<br />Change
<br />General
<br />$209,643,419
<br />$218,657,209
<br />$9,013,790
<br />4.30%
<br />Landfill
<br />919,400
<br />934,000
<br />14,600
<br />1.59%
<br />911 Emergency
<br />,$699,367
<br />691,355
<br />($8,012)
<br />(1.10 %)
<br />Telephone System
<br />$209,643,•419
<br />$218,657,209
<br />$9,013,790
<br />4.30%
<br />Arena & Events Center
<br />1,237,109
<br />1,940,264
<br />203,155
<br />16.42
<br />(Arena & Fair)
<br />Health Insurance
<br />7,955,654
<br />9,632,793
<br />1,677,139
<br />21.08%
<br />Total
<br />$220, 454,949
<br />`$'231,355,621
<br />$10,900,672
<br />4.94%
<br />Overall Summa
<br />Change in FTE from FY15 to FY16
<br />FTE Comparison
<br />FY15
<br />Adopted
<br />FY16
<br />Proposed
<br />Change
<br />Percent
<br />Change
<br />Tax Rate
<br />$0.70
<br />$0.70
<br />-
<br />-
<br />Valuation
<br />$19,364,626,398
<br />$19,841,749,539
<br />$477,123,141
<br />2.46%
<br />Penny
<br />$1,883,719
<br />$1,912,795
<br />$29,076
<br />1.54%
<br />All Funds
<br />$220,454,949
<br />$231,355,621
<br />$10,900,672
<br />4.94%
<br />General Fund
<br />$209,643,•419
<br />$218,657,209
<br />$9,013,790
<br />4.30%
<br />FTE
<br />982.89
<br />1,044.32
<br />61.43
<br />6.24%
<br />Change in FTE from FY15 to FY16
<br />FTE Comparison
<br />FTE equivalent
<br />Change in FTE
<br />FY13 Adopted
<br />982.89
<br />Ad Valorem Taxes
<br />FY15 Amended
<br />1,013.03
<br />30.14
<br />FY16 Proposed
<br />1,044.32
<br />31.29
<br />General Fund by Revenue Source
<br />Revenue Source
<br />FY15
<br />Adopted
<br />FY16
<br />Proposed
<br />Dollar
<br />Change
<br />Percent
<br />Change
<br />Ad Valorem Taxes
<br />$133,866,989
<br />$135,469,320
<br />$1,602,331
<br />1.19%
<br />Other Taxes
<br />37,953,337
<br />44,368,765
<br />6,415,428
<br />16.9%
<br />Intergovernmental. Revenues
<br />19,811,099
<br />2C, 709, 916
<br />898,817
<br />4.53&
<br />Permits & Fees
<br />4,254,445
<br />5,115,325
<br />860,880
<br />20.23%
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