BC 2014 04 15 Special Meeting - Laserfiche WebLink

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April 15, 2014 (Special Meeting) Page 1970 Upon completion of these meetings, County management crafts a recommended budget for presentation to the Board of Commissioners in May, with the required public hearing at the Board of Commissioner's regular meeting in June and approval by the Board of Commissioners no later than June 30. Staff is currently working through this process and is looking forward to presenting a recommended budget in May. Charge to County Management On March 17, 2014 County Management was charged by the Board of Commissioners, by a Board motion to craft and present a Five Year Plan that meets the certain parameters described in the Board's motion at its meeting in March. The motion with the required guidelines is as follows: 1. Place the following three projects and amounts on the proposed bond list: A. $9 million RCCC Advanced Technology Center B. $11 million Royal Oaks Elementary School replacement C. $23 million KCS Middle School 2. The bond list will be drafted very specifically such that if alternative financing is provided for any of these three projects, financing pursuant to the bond will no longer be available. 3. RCCC will receive an additional $2 million cash for the Advanced Technology Center at time of financing 4. As part of this motion, we are agreeing to provide short term financing of up to $23 million to Kannapolis city schools in FY 2015 for a term not to exceed 5 years for its middle school provided that KCS withdraw its resolution in support of bond referendum by May 31st. If KCS does make such withdrawal, no other project will be added to the bond project list and the total amount of the bond will be reduced by $23 million. 5. It is important to tell our citizens how we are going to pay for this financing, but I do not want to be disruptive to the regular budget process. As part of the motion, we agree that our FY 2015 budget 5 -year plan will have the following: A. A revenue neutral tax rate for any and all revaluation years B. An additional $2 million cash for Mount Pleasant Middle School C. $1.5 million cash for the RCCC Cosmetology Program relocation We would like staff to come up with a revised or amended 5 -year plan that meets those requirements of the 5 -year plan for our April meeting and if such plan cannot be produced we will look at Plan C. Staff has worked very hard over the last two - three weeks to prepare this plan as directed by the Board of Commissioners and to meet the required conditions. This required staff to expedite our departmental review process in order to get the information needed to craft the plan in such a short period. Although, we have now met with all of the departments prior to today's meeting, we have not included some of their information in our presentation because of the need to prepare our presentation in a timely manner. These will be added at a later time. You will note that our presentation includes two plans to meet the different options presented in the Board of Commissioners' motion. The options are due to the impending decision by the Kannapolis City School Board concerning their proposed middle school and whether it will be included in the bond referendum per the motion passed by the Board of Commissioners. The plans prepared by staff according to the parameters of the motion will require deep cuts into County operations during F'Y16 and FY17. This will negatively impact our ability to provide the current programs and services expected by the public. It will also require budget reductions in operational line items, as well as staffing. I also need to note that the impact of these plans will stretch beyond County operations. There will be