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January 25, 2014 (Board Retreat)
<br />Page 1899
<br />Budgeted Revenues for,
<br />Amen_ Budget less 1 -Ilme rev. from the
<br />previous fiscal year
<br />Ad valorem
<br />Change resulting from Revaluation
<br />GrowthlDecftne in tax base Improvement
<br />In DMV collectlorls rate 5%
<br />Other Taxes
<br />Growth in Sales taxes 2.25%
<br />114 cent sales tax/eal1. Cap. EYA, 2.25% I.ac
<br />Permits & Fees
<br />Ambulance Fees
<br />Building Inspection Fees
<br />Realster of Deeds Fees
<br />2214
<br />221@
<br />221&
<br />191,635,332
<br />203.841.187
<br />208,659,103
<br />2,780,813
<br />3,066,498
<br />2,412.517
<br />2412
<br />470.000
<br />2413
<br />3.350.847
<br />665.926
<br />680.910
<br />1,957.211
<br />133 -654
<br />136,662
<br />145,805
<br />112.178
<br />116,062
<br />071,804
<br />110.601
<br />97.227
<br />405,800
<br />259,058
<br />140,494
<br />(67,070;
<br />577,831
<br />618.279
<br />2,319,797
<br />1,220,000
<br />-
<br />203400.339
<br />208,659,103
<br />212,244.974
<br />2.453,049
<br />1.299.276
<br />1,338,264
<br />2,081,834
<br />-
<br />1,462,347
<br />4,911.790
<br />2,200,000
<br />2000,000
<br />10,060,673
<br />2,200,000
<br />2,000.000
<br />213,451,012
<br />210,859,103
<br />214,244,974
<br />Revaivation Year
<br />2412 2215
<br />212,244,974 222,864,401
<br />6,755,321
<br />2,855,t94 2.845.256
<br />2215
<br />226,985,498
<br />Increase (Decrease) in other Revenues
<br />Total Re-occurring Revenues,
<br />One Time Revenue Sources
<br />Proceeds tr DMV change (4 ma add rev )
<br />COPS Proceeds - School DebGHOusing Unit
<br />Lottery Proceeds
<br />FB to balance
<br />Total One -tlme Revenues
<br />Total Revenues
<br />2 904,089
<br />696.230 711,895 727,913
<br />139.737 142.881 146.095
<br />121,014
<br />124,039
<br />127,140
<br />101,602
<br />105.174
<br />110, 952
<br />150,329
<br />160,952
<br />172,111
<br />2412
<br />2215
<br />2413
<br />_864.401
<br />226.955.498
<br />231.143.799
<br />2 2,000.009 2,000,000
<br />2000.000 2,01)(1.000 2,000,000
<br />224,864.401 228,955,498 233,143,799
<br />Five Year Plan D: Expenses
<br />men. Budget less 1 -time exp. from the
<br />previous fiscal year
<br />ounty Services
<br />ersonnel Inc due to service expansionlrea)i
<br />ncreases in Health Insurance
<br />nefitspart-fte empi (Health Care Reform)
<br />nc_ in Merits/Salary Adj.iCOWOutside Ag.
<br />f1€.[ (misc , not captured in other QKtg -)'
<br />lst
<br />efirement of Debt Service
<br />chools
<br />!ualified School Construction Bonds
<br />ebt Svc for Cap. Needs (approx 50 md.)
<br />Cligation to Kannapolis MF)
<br />ncrease to schools for 1.5%
<br />ncr in Wfl, Exp. for supplements (1.5%)
<br />ncr. in....curr. Exp. for growth in ADM 8 L0110J..
<br />ncr. to KCS it school nurses not In ADM 0)0
<br />ew School operattcnal cost
<br />ncrease fn Contribution to Health Alliance
<br />ecrease In Contribution to Arena Fund
<br />uts in expenses to balance
<br />ncrease to EDC
<br />ricrease (Decrease) in Contingency
<br />Total Re- occunng Expenditures
<br />Total Expenditures
<br />Live Year Plan D: Capital Projects and One Time Expenses
<br />Revaluation Year
<br />2W 2M 2415 2412 2215 2413
<br />Capital Projects! One -time Expenditures
<br />Revaluation Year
<br />221A
<br />22.0
<br />2D-U
<br />2412
<br />2215
<br />2413
<br />200,226,468
<br />207.901,065
<br />209.639,103
<br />213,024,975
<br />217,215,496
<br />217,652,069
<br />1,967.134
<br />166,594
<br />183.267
<br />10.496
<br />10.811
<br />11.135
<br />907,698
<br />210,000
<br />504.700
<br />540,029
<br />577,831
<br />618.279
<br />23945
<br />1,220,000
<br />-
<br />-
<br />14,133.823
<br />Total Expenditures
<br />1,013.852
<br />1.299.276
<br />1,338,264
<br />1,378
<br />1,419,754
<br />1,462,347
<br />662,060
<br />343.575
<br />917,070
<br />1,129
<br />1,163
<br />1,198
<br />(246.921)
<br />('262,333)
<br />(275 -216}
<br />(395.621)
<br />(283,942)
<br />(286,034)
<br />(777.256)
<br />(786,818)
<br />(1.067.522)
<br />(1.093.139)
<br />(1.123.669)
<br />(1.669,529)
<br />20.05%
<br />19.69%
<br />1,330,000
<br />Property Tax Rate
<br />.701100
<br />.701100
<br />_701100
<br />.701100
<br />.701100
<br />5000000
<br />Total Debt Service Payments
<br />42,359.335
<br />1.151.217
<br />50.283
<br />(674,450)
<br />(1,249,400)
<br />(167;000)
<br />(4.000)
<br />44.000
<br />43.700
<br />3,300
<br />(1.375)
<br />1,625
<br />(625)
<br />1.433.094
<br />3,323.579
<br />138,891
<br />-
<br />-
<br />679 330
<br />25 45C
<br />1.363636,
<br />656.756
<br />(300,000)
<br />(91.554)
<br />20,000
<br />1,198,935
<br />(804,028)
<br />-
<br />209035,101
<br />209.639 103
<br />213 024.975
<br />217.215.496
<br />217.652 069
<br />217.784.840
<br />209.035,101
<br />209,639,103
<br />213,
<br />217,215,406
<br />217.6152 069
<br />217,784.840
<br />Live Year Plan D: Capital Projects and One Time Expenses
<br />Revaluation Year
<br />2W 2M 2415 2412 2215 2413
<br />Capital Projects! One -time Expenditures
<br />Cap Imp[oL. Plan - GF Monies Eau-
<br />4203,000
<br />1,220.000
<br />1.220,000
<br />1220 000
<br />1:220.000
<br />1.220,000
<br />Capital Reserve Addition for schoots]County
<br />5.428,905
<br />10.083,420
<br />12,6713823
<br />Contribution to State Unemployment Fund
<br />222.911
<br />Total CapitallOne -time Expenditures
<br />4,425.911
<br />1,220,000
<br />1,220,000
<br />7,648.905
<br />11,303,429
<br />14,133.823
<br />Total Expenditures
<br />213.461,012
<br />210,859,103
<br />214.244,
<br />224.864.401
<br />228,955.498
<br />231.918.663
<br />Revenues over (under) Expenditures
<br />0
<br />0
<br />0p
<br />0
<br />0
<br />1 9% OK
<br />Estimated Unassigned Fund Balance
<br />46.091,167
<br />45,091,167
<br />45.,091, 166
<br />45 ,091,167
<br />45,091,167
<br />46,316,303
<br />as percentage of General Fund Budget
<br />21 129'c
<br />21.38%
<br />2105%
<br />20.05%
<br />19.69%
<br />19.97%
<br />Property Tax Rate
<br />.701100
<br />.701100
<br />_701100
<br />.701100
<br />.701100
<br />.701101
<br />Total Debt Service Payments
<br />42,359.335
<br />41.310.184
<br />41,297.445
<br />44.808,686
<br />43,401.075
<br />41,445,512
<br />as a % of Current Budget
<br />20.26%
<br />1971%
<br />19 39%
<br />2063%
<br />1994%
<br />19 03 °4
<br />A.G.E. Academv Reaardina the Issuance of Charter School Revenue Hands
<br />Chairman Poole advised a public hearing is needed for A.C.E. Academy
<br />regarding the issuance of Charter School Revenue Bonds. She stated, due to
<br />the 14 -day public hearing notice requirement for the bonds, the 3oard needs
<br />to schedule a public hearing for February 17, 2014 at 6:30 p.m. an behalf of
<br />A.C.E. Academy, in order for them to fulfill the requirements of Section
<br />147(f) of the Internal Revenue Codes of 1986, in regards to the issuance of
<br />charter school revenue bonds by the Wisconsin Public Finance Authority.
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