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April 15, 2614 (Special Meeting) Page 1971
<br />several needs, especially the needs of our schools, which will go unmet
<br />because these plans lack the available funds.
<br />In closing, staff has prepared the information as required by the
<br />motion approved by the Board of Commissioners and for this, I thank them.
<br />The time constraints were very demanding as they also managed
<br />responsibilities related to the normal budget process during this time in
<br />order to maintain the overall budget schedule.
<br />As I stated before, all of the proposed plans (C, E, and F) will
<br />require deep cuts in the County's operational budget. These cuts are not
<br />temporary_ They are long -term or re- occurring cuts.
<br />Per our normal process, we will continue to refine and improve our
<br />existing services, but in some cases we may need to expand others to meet the
<br />needs and expectations of our citizens - current and those moving here every
<br />day.
<br />These cuts and increased demands on service will come at a time when
<br />we've already cut budgets over the last several years, to a point that many
<br />of our departments had to reduce staff, operating funds and operational
<br />hours, resulting in reduced services to the public.
<br />Our department heads have offered reductions to help meet the needs of
<br />the FY 2015 budget and those will impact services as well. Meeting plan C
<br />will require additional cuts in FY15 and FY16; however, meeting plans E and F
<br />will require more reductions in FY16 and FY17.
<br />With the economy beginning to improve and our population continuing to
<br />increase, it is a critical time to define our County's expectations of
<br />service levels, standards for quality of life and our community as a whole.
<br />Development of the FY15 Plan
<br />Ann Wilson, Finance Director, presented information via a PewerPoint
<br />presentation relating to the Development of the FY15 Plan. Items reviewed
<br />are as follows:
<br />Adopted FY13 to Adopted FY14 Budget
<br />Amount
<br />Key Exp. Changes
<br />$200,267,199
<br />General Fund Adopted Budget in TY13
<br />+1,941,342
<br />New personnel due to increased demand
<br />(Net cost of $912,370)
<br />+1,945,496
<br />Increase in health insurance cost, 1.5% COLA, 1.25% average
<br />merits
<br />+2,276,765
<br />Schools - current expense
<br />+658,756
<br />Cabarrus health Alliance increase
<br />+1,198,936
<br />Board of Commissioners contingency change
<br />+1,151,217
<br />Economic tax incentives change
<br />-- 1,024,177
<br />Debt service reduction
<br />+619,567
<br />Other miscellaneous changes
<br />$213,461,012
<br />General Fund Adopted Budget FY14
<br />Adopted FY14 to Revised FY14 Budget
<br />Amount
<br />Key Rev. Changes between July 1, 2013 and
<br />December 4, 2013
<br />$213,461,012
<br />General Fund Adopted Budget in FY14
<br />+5,010,108
<br />Fund balance appropriated expenditures
<br />+475,984
<br />Grant revenue and corresponding expenditure increases
<br />$218,947,104
<br />General Fund Revised Budget on December 4, 2013
<br />Revised FY14 to Planned FY15 Bu
<br />Amount Key Exp. Changes planned for FY 2014 -2015 on December 4, 2013
<br />
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