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January 25, 2014 (Board Retreat)
<br />Page 1896
<br />The Board took a short break at 2:53 p.m. The meeting resumed at 3:03
<br />P.m.
<br />Board Discussion - Direction for 2015 Budgei~
<br />The Board generally discussed Five Year Plans A, B, C and D. The Five
<br />Year Plans are as follows:
<br />Five Year Plan A: Revenues
<br />Five Year Plan A: Expenses
<br />! Revaluation Year
<br />Revaluation Year
<br />Budgeted Revenues for.
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />2019
<br />Amen. Budget less 1 -time rev from the
<br />_. ---- - -----
<br />Cap. ltlprpy, Plan - GF hloniesEop,
<br />previous fiscal year
<br />191,835,332
<br />203.841,187
<br />208,659,103
<br />212,244,974
<br />222,864,401
<br />226,955,498
<br />A d valorem
<br />200,226,468
<br />207,901,085
<br />209,511,334
<br />213,024,876
<br />221,138,247
<br />221,473,033
<br />Change resulting from Revaluation
<br />1,220,000
<br />-
<br />-
<br />6,755,321
<br />1.220.000
<br />Total Expenditures
<br />Growth /Decline in lax base Improvement
<br />2.780.813
<br />3,066,498
<br />2.412,517
<br />2,655.194
<br />2,845.256
<br />2,904,089
<br />in DMV collections rate 5%
<br />907,698
<br />470,000
<br />504,700
<br />540,029
<br />577,831
<br />61609
<br />Other Taxes
<br />23.946
<br />45,216,935
<br />47,725,090
<br />-
<br />64,416,049
<br />as percentage of General Fund Budget
<br />Growth in Sales taxes 2.25%
<br />3,350,847:
<br />665,926
<br />680,910
<br />595,230
<br />711,895
<br />727,913
<br />114 cent sales laxleo.g. Cap. P.f9i, 2.25% jop
<br />1,957.211
<br />133,654
<br />136,662
<br />139,737
<br />142,881
<br />146,095
<br />Permits 6 s=ees
<br />41,310,184
<br />41,297,446
<br />48,731.437
<br />47,222,039
<br />45,155,977
<br />as a % of Current Budget
<br />Ambulance Fees
<br />145,805
<br />112,178
<br />118,062
<br />121,014
<br />124,039
<br />127,140
<br />Building Inspection Fees
<br />671,804:
<br />110,601
<br />97,227
<br />101.602
<br />106114
<br />110,952
<br />Register of Deeds Fees
<br />405,800
<br />259
<br />140,494
<br />150,329
<br />160,852
<br />172,111
<br />Other
<br />8922 751
<br />(101,787)
<br />(110,499)
<br />QSCB Subsidy Payments
<br />(67,070)
<br />-
<br />-
<br />-
<br />increase (Decrease) in other Revenues
<br />2,319,797
<br />50,283
<br />(674,450)
<br />-
<br />-
<br />(4 000)
<br />Total Re- occurring Revenues
<br />203,400,339
<br />208,659,103
<br />212,244,974
<br />222.864,401
<br />226.955.498
<br />231,143,799
<br />One Time Revenue Sources
<br />1.433,094
<br />Proceeds ff DMV change (4 mo. add rev)
<br />2,467,049
<br />-
<br />COPS Proceeds - School DebtlHousing Unit
<br />2,681,834
<br />-
<br />-
<br />-
<br />Lottery Proceeds
<br />4,911,790
<br />2.200,000
<br />2.080.000
<br />2.000 000
<br />2,000,000
<br />2.000,000
<br />FB to balance
<br />1,363.636
<br />Total One -time Revenues
<br />10,060,673
<br />2,200.000
<br />2,080.000
<br />2.000,000
<br />2.000.000
<br />2,000.000
<br />Total Revenues
<br />213,461,012:
<br />210,859,103
<br />214,244,974
<br />224,864,401
<br />228,955,49B
<br />233.143 799
<br />Five Year Plan A: Expenses
<br />Five Year Plan A: Capital Projects and One Time Expenses
<br />! Revaluation Year
<br />Revaluation Year
<br />2414
<br />2414
<br />2414
<br />241fi
<br />-
<br />2411
<br />241$
<br />2413
<br />Budgeted Expenditures for
<br />_. ---- - -----
<br />Cap. ltlprpy, Plan - GF hloniesEop,
<br />Amen. Budget less 1 -time exp from the
<br />1.220.000
<br />1 220,000
<br />1,M,000
<br />1,220,000
<br />1,220,000
<br />Contribution to State Unemployment Fund
<br />previous fiscal year
<br />200,226,468
<br />207,901,085
<br />209,511,334
<br />213,024,876
<br />221,138,247
<br />221,473,033
<br />County Services
<br />1,220,000
<br />1,220.000
<br />1,220,000
<br />1,220,000
<br />1.220.000
<br />Total Expenditures
<br />Personnel Inc. due to service expansionlre311
<br />1,967,134
<br />166,594
<br />183,267
<br />10,496
<br />10
<br />11,135
<br />Increases in Health Insurance
<br />907,698
<br />210,000
<br />504,700
<br />540,029
<br />577,831
<br />61609
<br />Benefits part -time .ertipl (Health Care Reform)
<br />23.946
<br />45,216,935
<br />47,725,090
<br />-
<br />64,416,049
<br />as percentage of General Fund Budget
<br />Inc. in MentsfSalary Adj.1CO4V0utside Ag.
<br />1.013.652
<br />1,299,276
<br />1,338,254
<br />1,378,402
<br />1,419,754
<br />1,462,341
<br />Oper. (misc, not captured in other gatfgj)
<br />662,060
<br />343,575
<br />917,070.
<br />1,129
<br />1,163
<br />1,198
<br />Debt
<br />41,310,184
<br />41,297,446
<br />48,731.437
<br />47,222,039
<br />45,155,977
<br />as a % of Current Budget
<br />Retirement of Debt Service
<br />(246.921)
<br />(262,333)
<br />(275,216)_
<br />(395,621)
<br />(283 942)
<br />(286,034)
<br />Schools
<br />(777,256)
<br />(786,818)
<br />(1,067,522)
<br />(1,093,139)
<br />(1.121669)
<br />(1.669.529)
<br />Qualified School Construction Bonds
<br />-
<br />-
<br />1,330,000
<br />Debt Svc. for Cap- Needs (90 8 mil 2 %lpp,)
<br />8922 751
<br />(101,787)
<br />(110,499)
<br />Other
<br />FulfilledlAdded Econ Qey_ Incentive Grants
<br />1,151,217
<br />50,283
<br />(674,450)
<br />(1 .249,400)
<br />(167
<br />(4 000)
<br />Obligation to Kannapclis (TIF)
<br />44,000
<br />43,700
<br />3,300
<br />(1,375)
<br />1,625
<br />(625)
<br />Increase to schools for tech 2014
<br />1.433,094
<br />Incr in curt. Exp for supplements (1,5 %)
<br />138,691
<br />-
<br />Incr. in i.uu Exp fprgrowth In ADM & MAJIlt
<br />679,330
<br />1 650 000
<br />Incr to KCS If school nurses not In ADM SIC
<br />25.450
<br />New School Operational costs
<br />1,363.636
<br />Increase in Contribution to Health A € #iance
<br />658,756
<br />;300..000)
<br />-
<br />-
<br />Decrease in Contribution to Arena Fund
<br />(91.554)
<br />Cuts In expenses to balance
<br />(109,399)
<br />Increase to EDC
<br />20,000
<br />Increase (Decrease) in Contingency
<br />1,198,935
<br />(804.028)
<br />Five Year Plan A: Capital Projects and One Time Expenses
<br />Five Year Plan B: Revenues
<br />! Revaluation Year
<br />2414
<br />2!2];r
<br />2016
<br />2473
<br />24:1@.
<br />2813
<br />C apital Projects( One -time Expenditures
<br />Cap. ltlprpy, Plan - GF hloniesEop,
<br />4 203,000
<br />1.220.000
<br />1 220,000
<br />1,M,000
<br />1,220,000
<br />1,220,000
<br />Contribution to State Unemployment Fund
<br />222,911
<br />Total Capital)One -time Expenditures
<br />4.425,911
<br />1,220,000
<br />1,220.000
<br />1,220,000
<br />1,220,000
<br />1.220.000
<br />Total Expenditures
<br />213,461,012
<br />210.731,334
<br />214,244.975
<br />222,358,247
<br />222,693,033
<br />222,715,305
<br />Revenues over (under) Expenditures
<br />0
<br />127.769
<br />101
<br />2.506154
<br />6,262.465
<br />10 428.494
<br />Estimated Unassigned Fund Balance
<br />45,091;167
<br />45,218,936
<br />45,216,935
<br />47,725,090
<br />53,997,655
<br />64,416,049
<br />as percentage of General Fund Budget
<br />21.12%
<br />21 46%
<br />2111%
<br />21A6%
<br />24.24%
<br />28 929'
<br />Property Tax Rate
<br />.701 100
<br />.7011 DO
<br />.701100
<br />.70!100
<br />.701100
<br />.701101
<br />olal Debt Service Payments
<br />42,359,335
<br />41,310,184
<br />41,297,446
<br />48,731.437
<br />47,222,039
<br />45,155,977
<br />as a % of Current Budget
<br />2026%
<br />1972%
<br />1939%
<br />22.04%
<br />21.3'2%
<br />20 39
<br />Five Year Plan B: Revenues
<br />
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