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May 26, 2015 (Budget Meeting)
<br />Preliminary Fire Year Financial Plan
<br />GENERAL FUND
<br />Budgeted Ravertues for-
<br />.A- vended' Budget I= one tme r[cmwes Tcr :-•e
<br />prevleas ±sem year
<br />Ad valorem
<br />Change re i" Trani Re%mftwon f5% gm1m)
<br />cmalft Mtax base t_7%FYt 6) 1 i5'% FY i7-
<br />Other Taxes
<br />C-outh In Sal--- tsar (169 %In FY 16, 2- 3%FY17 -20)
<br />Px,nnfOs 6 Foss
<br />A?+huiarxe rYtq.ivxc +we7rv200
<br />s.f ldeg tlspeetlon Fees (VI% grmM)
<br />RCgt :-.tr of Deco; Fees i5% gmwvlF
<br />Oiher
<br />1ntreme Oecmax) In •crtherztevemms
<br />Total P.e R"enuec
<br />One Time Revenue 3DWR . c
<br />2010
<br />5 200,191^786
<br />-
<br />2497,331
<br />6,170,544
<br />419;995
<br />293 -top
<br />+499,31[1
<br />-
<br />215,65',_09
<br />1Ct.
<br />8o5,
<br />9,912
<br />a1 -,359
<br />�d; Tadr
<br />S 208,8118.786
<br />-
<br />1,120,173 4,412.88"!
<br />8,140,61?
<br />-
<br />919,089
<br />298,298
<br />400,242
<br />-
<br />1, 2t
<br />Latiera Fmcee=
<br />2,000,000
<br />2.000,000
<br />Flatd'ealance MRrtcrLY-0
<br />-
<br />ToUl Orye.ilme Revenueo
<br />.°.,0 [10,000
<br />2,000,090
<br />Total Rtyanuec
<br />118,867,208
<br />314,868
<br />i,i 20.170 220409.741
<br />audu -Iad F.'na for:
<br />& EuCiet �penf5':1ufe5 rrh the
<br />prrr4aac'..ca ,
<br />2[18,186,1139
<br />208,586,884
<br />Courriy 5 ernlaec
<br />Lcrr °ec_.- n- �-'c'.t °r"t3Lkr1
<br />em,f100
<br />I;64,6w)
<br />931,480
<br />New Fcs;cn F. -qut:t
<br />i,323
<br />1,527,188
<br />Em r• 7anseon 0175% size 24 Mum' 12 my shdt
<br />473A6a
<br />479,004
<br />u.311t"9 hlcrease� - Mt7and LLLtra ry
<br />-
<br />Mert rureane - 1.25% aoerage Incfewse
<br />931;000
<br />831.800
<br />Cost of UWng A11) .MR-rit -FY W16 r5 C. 1.51.Yiere3Rer
<br />2K.1106
<br />261
<br />Restare!•itaalth Funding to FY14 e+eel
<br />t,300; [100
<br />1,800,088
<br />W omens Compensatlon
<br />493,4..4
<br />483,444
<br />Punic 3alety 24M Vna*Menlallcn te.11mate)
<br />254,400
<br />250,400
<br />OpmmUng (m4sc_ rlotcap In other cab*wits)
<br />145,746
<br />s2,91s
<br />i9g,681
<br />DdA
<br />RaUremer4 of De R aL"Ite
<br />r f ,g9;'.9s9)
<br />11.90X.043)
<br />G`°3JAfled:'z hcd ; Cnstr rdan sands
<br />1.33i],099
<br />1,330,800
<br />New Dt01 Tot Eaucation BestYrmleI
<br />i000,110a
<br />T,000,an
<br />cahoots
<br />&11tional Curcnt Emenst _= unoing
<br />3,124,11110
<br />89,345
<br />£176,745'1 2,4[15.100
<br />6111.
<br />.+lrfivaU�d cost ct r ,Imr'ed hj drg. D'-e- 21214
<br />57t,253
<br />631,264
<br />CKA Fandrg reouest
<br />327,5n1]
<br />='
<br />129,61
<br />297,968
<br />Inrrcases9ccrea4es In mcen ivt F*:IlmenM
<br />£996.390)
<br />X880,8007
<br />cr
<br />Increase IOeeaset In Contingency
<br />-l4[1 1144
<br />aae,-e5
<br />f. ,746
<br />Total Re4mDurtfig Eximnditures
<br />215,3118,861
<br />a55,T63
<br />2i6,967,218
<br />Funding For Capital PmjaotW Dne tlmo.E[pandltarao
<br />Capital I- vmyement Flan - €diz atfon - General Fund
<br />f
<br />1,230,9110
<br />Captlnl lrp C-
<br />�pvomenr Plan Funs
<br />1,360.363
<br />1,980,395
<br />C:apftal r7om ement Plan - General Fund
<br />259,1]`9
<br />1269;039)
<br />-
<br />Unafbcal:e0
<br />2.1 5a,T5a
<br />2.168.100
<br />Tout CaRKA11071" M S-St and t rbo
<br />2.8 =9409
<br />1,996,115
<br />Totai sspandfturw
<br />3 Fi3.967;20g s
<br />2.74"is >0
<br />0608,7441 22a,691,74i
<br />Fl ro b
<br />p.m,
<br />Page 2411
<br />The Board took a short break at 5:24 p.m. The meeting resumed at 5:37
<br />CVB — Presentation of FY 2016 Budget Request
<br />Donna Carpenter, President and CEO, CVB (Cabarrus County Convention and
<br />Visitors Bureau); Ray Soporowski, Chairman, Cabarrus County Tourism
<br />Authority; and John Mills, Executive Vice President, CVB, presented their FY
<br />2016 budget request and responded to questions from the Board. Also present
<br />were CVB staff: Michael Applegate, Senior Vice President of Sales and
<br />Services; Gayle Love Lee, Vice President, Partnership and Visitor Services;
<br />and Michael Bonoffski, Senior Vice President of Marketing and Communications.
<br />Donna Carpenter, CVB President and CEO, reviewed both past and upcoming
<br />events, noting their economic impact on Cabarrus County. She also presented
<br />new CVB Destination Guides and promotional hats to the Board.
<br />John Mills, CVB Executive Vice President, presented a general overview
<br />of the CVB's FY 2016 budget totaling $4,824,982.00 and responded to questions
<br />from the Board.
<br />Ray Soporowski, Tourism Authority Chairman, reported the Authority
<br />approved the budget and endorses the efforts of Ms. Carpenter and Mr. Mills.
<br />A discussion ensued with Ms. Carpenter and Mr. Mills responding to
<br />questions from the Board.
<br />UPON MOTION of Commissioner Honeycutt, seconded by Vice Chairman Poole
<br />and unanimously carried, the Board suspended its Rules of Procedures in order
<br />to take action on this item due to time constraints.
<br />UPON MOTION of Commissioner Mynatt, seconded by Vice Chairman Poole and
<br />unanimously carried, the Board approved the Tourism Authority's FY 2016
<br />budget totaling $4,824,982.00, in accordance with Article TV, Room Occupancy
<br />
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