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May 27, 2014 (Recessed Meeting)
<br />Page 2041
<br />Five Year Financial Plan F GENERAL FUND
<br />Amen. Budget less 1 -time exp. from the
<br />Rowan-- Cabarrus
<br />4103,000
<br />1,220,000
<br />Revaluation Year
<br />1,220,000
<br />1,220.000
<br />Budgeted Revenues for
<br />2014
<br />2015
<br />zmfi
<br />2017
<br />2018
<br />2019
<br />Amen. Budget less 1 -time rev. from the
<br />100,000
<br />Funds for CapltM Projects- Arch/Engineering
<br />-
<br />-
<br />1,060,000
<br />previous fiscal year 6
<br />191,836,332 5
<br />203.841,187 5
<br />207,484,590
<br />5 210,673,332 S
<br />216,683,954 5
<br />220,821,132
<br />Ad valorem
<br />907,698
<br />234;DOO
<br />506,380
<br />541,827
<br />579,7S4
<br />620,337
<br />Change resulting from Revaluation
<br />-
<br />-
<br />-
<br />6,743,150
<br />-
<br />-
<br />Growth /Decline in tax base
<br />2;780,81.3
<br />9.151,rls i
<br />1,873,379
<br />2,367,779
<br />2,739,063
<br />2,795.673
<br />Change in tax rate (Reval Rev Neutral)
<br />-
<br />-
<br />-
<br />(4,456,392)
<br />-
<br />-
<br />Improvement In DMV collections rate 5%
<br />$
<br />300,000
<br />-
<br />-
<br />-
<br />-
<br />Other Taxes
<br />1.013,852
<br />-
<br />715,463
<br />726,195
<br />737,088
<br />748,144
<br />Growth in Sales taxes 2.5%
<br />3.350,847
<br />8E:.902
<br />914,539
<br />941.975
<br />970,234
<br />999,341
<br />1/4 cent sales tax /edu.Cap.Proj.2.5 %Inc
<br />1,957,211
<br />178,205
<br />183,552
<br />189.,059
<br />194,730
<br />200,572
<br />Permits& Fees
<br />[246,921)
<br />(262,333)
<br />{275,216)
<br />(395,621)
<br />(283,942)
<br />(286,0391
<br />Ambulance Fees
<br />145,805
<br />60,236
<br />46,705
<br />47,172
<br />47,644
<br />48,121
<br />Building Inspection Fees
<br />671,804
<br />125,000
<br />97,875
<br />102,279
<br />106,882
<br />111,692
<br />Register of Deeds Fees
<br />405,800
<br />69,304
<br />72,692
<br />75,600
<br />78,624
<br />81,769
<br />Other
<br />•
<br />-
<br />-
<br />5,772,000-
<br />(229,250)
<br />[229,2501
<br />05CB Subsidy Payments
<br />(67,070)
<br />-
<br />-
<br />-
<br />Increase(Decrease)in other Revenues
<br />2,319,797
<br />(844,791)
<br />-
<br />-
<br />-
<br />(2,000)
<br />Total Re-occurring Revenues
<br />203,400,339
<br />207,494,590
<br />210,673,332
<br />216,683,954
<br />220,821,132
<br />225,OSS,299
<br />One Time Revenue Sources
<br />1,433,094
<br />2,096,017
<br />-
<br />-
<br />-
<br />Proceeds Ir DMV change (4 ma. add rev.)
<br />2,467,049
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Debt proceeds from KMS to RCCC
<br />2,681,834
<br />-
<br />2
<br />-
<br />-
<br />-
<br />Lottery Proceeds
<br />4,911,790
<br />2,200,000
<br />? 400,000
<br />2,000,000
<br />2,1300,D00
<br />2,000.000
<br />FR to balance
<br />75,000
<br />315,000
<br />5D0,000
<br />-
<br />Total One -time Revenues
<br />10,060,673
<br />2,200,000
<br />4.,000,000
<br />2,0OO.ODO
<br />2,000,000
<br />2,000,000
<br />Total Revenues
<br />213,461,012
<br />209,684,590
<br />214,673,332
<br />218,683,954
<br />222,621,132
<br />227,058,299
<br />Amen. Budget less 1 -time exp. from the
<br />Rowan-- Cabarrus
<br />4103,000
<br />1,220,000
<br />1,220,000
<br />1,220,000
<br />1,220.000
<br />previous fiscal year
<br />200,226,468
<br />207.901,086
<br />207.627,590
<br />209,2211333
<br />216,791,954
<br />218,212,252
<br />County Services
<br />100,000
<br />Funds for CapltM Projects- Arch/Engineering
<br />-
<br />-
<br />1,060,000
<br />Personnel Inc. due to service expansion /reali.
<br />1,967,134
<br />381,196
<br />87,956
<br />13,721
<br />14,132
<br />14,55E
<br />Increases in Health Insurance
<br />907,698
<br />234;DOO
<br />506,380
<br />541,827
<br />579,7S4
<br />620,337
<br />Benefits part -time empl. (Health Care Reform)
<br />23,946
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Salary Study Adjustments
<br />-
<br />100,000
<br />-
<br />-
<br />-
<br />-
<br />Funding for merits not yet in salary projection
<br />-
<br />115,000
<br />-
<br />-
<br />-
<br />-
<br />Re- instate Workers Compensation
<br />$
<br />300,000
<br />460,1300
<br />-
<br />-
<br />-
<br />Inc. in Merits for County Employees
<br />1.013,852
<br />-
<br />715,463
<br />726,195
<br />737,088
<br />748,144
<br />Oper.(misc-, not captured in othercateg.)'
<br />662.,060
<br />12,672,209)
<br />(63,3311
<br />146,804)
<br />47,202
<br />(46,792)
<br />Debt
<br />.6780/ $1DO
<br />.67801$100
<br />Total Debt Service Payments
<br />$
<br />42,359,335 5
<br />41,310,184 $
<br />Retirement of Non school Debt Service
<br />[246,921)
<br />(262,333)
<br />{275,216)
<br />(395,621)
<br />(283,942)
<br />(286,0391
<br />Retirement of School Debt Service
<br />1777,256)
<br />(786.818)
<br />11,067,5221
<br />(1,093,139)
<br />(1,123,669)
<br />(1,669,5291
<br />Qualified School Construction Bonds
<br />-
<br />1,330,000
<br />-
<br />-
<br />-
<br />Debt Svc. for Cap. Needs (5231 - KMS COPS /LOBS
<br />-
<br />-
<br />5,353,750
<br />(208,750)
<br />(208,750)
<br />(208,750)
<br />Debt Svc. for Cap. Needs (5201- RCCC]CCS GO Bonds
<br />•
<br />-
<br />-
<br />5,772,000-
<br />(229,250)
<br />[229,2501
<br />Other
<br />Fulfilled /Added Econ Dev Incentive Grants
<br />1,151,217
<br />279.783
<br />1896,3801
<br />(1,464,570)
<br />74,600
<br />(2,000)
<br />Obligation to Kannapolis [TIF)
<br />44,000
<br />43,700
<br />3,300
<br />(1,375)
<br />1,625
<br />16251
<br />Increase to schools for 1.0%
<br />1,433,094
<br />2,096,017
<br />-
<br />-
<br />-
<br />Incr. in curr. Exp. for supplements (1.5%)
<br />138,891
<br />-
<br />-
<br />-
<br />-
<br />Incr, in curr. Esp. for growth In ADM &building
<br />679,330
<br />600,421
<br />-
<br />6,619,125
<br />21.1,508
<br />-
<br />Incr.. to KC5 if school nurses not in ADM talc
<br />25,450
<br />RCCC Operational costs
<br />75,000
<br />315,000
<br />5D0,000
<br />-
<br />New School operational cost
<br />-
<br />1,363;636
<br />875,000
<br />1,600.000
<br />Change in Contribution to Health Alliance
<br />658,756
<br />(243,072)
<br />-
<br />-
<br />-
<br />-
<br />Decrease in Contribution to Arena Fund
<br />(91,554)
<br />156,279)
<br />-
<br />-
<br />-
<br />-
<br />Cuts in expenses to balance
<br />-
<br />(6,234,2931
<br />(4.266,987)
<br />Increase to EDC
<br />10.000
<br />increase l(ecrease)in Contingency
<br />1,198,936
<br />1477,902)
<br />-
<br />-
<br />-
<br />-
<br />Total Re- occuring Expenditures
<br />209,035,101
<br />207,627,590
<br />209,221,333
<br />216,791,954
<br />218.212,252
<br />217,152,310
<br />Total Expenditures
<br />209,035,101
<br />207,627,S90
<br />209,22.1,333
<br />216,791,954
<br />218,212,251
<br />217,152,310
<br />Cap. Improv. Plan - GF Monies Edu.
<br />Rowan-- Cabarrus
<br />4103,000
<br />1,220,000
<br />1,220,000
<br />1,220,000
<br />1,220.000
<br />1,220,000
<br />Funds for Capital Projects
<br />Fiscal Year
<br />937,000
<br />3,172,9010
<br />672,000
<br />-
<br />100,000
<br />Funds for CapltM Projects- Arch/Engineering
<br />-
<br />-
<br />1,060,000
<br />-
<br />5,353,750
<br />Contribution to State unemployment Fund
<br />FY 2017
<br />222,911
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Total Capital /One -lime Expenditures
<br />4,425.911
<br />2,057,000
<br />5,452,000
<br />1,892,000
<br />1,220,OD0
<br />1,320,000
<br />Total Expenditures
<br />213,461,01.2
<br />209.G84.59C
<br />214,G73,333
<br />218.683,954
<br />239.432,252
<br />218,472.310
<br />Revenues over (under) Expenditures
<br />$
<br />0 5
<br />0 5
<br />01 5
<br />0 5
<br />3388,879 $_
<br />8,585,989
<br />Estimated unassigned Fund Balance
<br />$
<br />42.308,877 5
<br />42,308,877 S
<br />42,308,877 5
<br />42,308,877 $
<br />45 „697,756 $
<br />54,283,745
<br />as percentage of General Fund Budget
<br />19M%
<br />20.1E "' -•
<br />19.71%
<br />19.35%
<br />20.83%
<br />24.85%
<br />Property Tax Rate
<br />70/$100
<br />.70/$100
<br />70/$100
<br />.6780/ $100
<br />.6780/ $1DO
<br />.67801$100
<br />Total Debt Service Payments
<br />$
<br />42,359,335 5
<br />41,310,184 $
<br />46,651,196 5
<br />50,725,686 5
<br />48,860,075 S
<br />46,486,512
<br />as a %of Current Budget
<br />20.26%
<br />19.90%
<br />22.30%
<br />23.40%
<br />22.40%
<br />21 -4196
<br />Debt Service related to New Educational Facilities
<br />Rowan-- Cabarrus
<br />Cabarrus
<br />Kannapolis
<br />Total by
<br />Community College
<br />County Schools
<br />City Schools
<br />Fiscal Year
<br />$9 million
<br />$11 million
<br />$23 million
<br />FY 2016
<br />New KMS
<br />$5,353,750
<br />5,353,750
<br />FY 2017
<br />Advanced Tech
<br />Royal Oaks
<br />New KMS
<br />$10,917,000
<br />
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