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February 2, 2013 (Board Retreat) Page 1403
<br />School (CCS) , Kannapolis City Schools (KCS) , and Rowan - Cabarrus Community
<br />College (RCCC) also participated in the discussion.
<br />The Preliminary Five Year Plan as presented:
<br />GENERAL FUND
<br />increase (Decrease) in other Revenues
<br />Total Re-occurring Revenues
<br />200.190,877
<br />203 ,864.046
<br />207,630.125
<br />Revaluation Year
<br />209.901,771
<br />Budgeted Revenuesfor:
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />Amended Budget less one time revenues from the
<br />1,813,834
<br />-
<br />-
<br />-
<br />-
<br />previous fiscal year
<br />$190.808,190
<br />S 200,190,877
<br />$ 203.864.046
<br />$ 207,630.125
<br />S 205,939.506
<br />Ad valorem
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Change resulting from Revaluation
<br />-
<br />-
<br />-
<br />3,666.066
<br />-
<br />Growth in tax base (2% growth rate)
<br />3.102,142
<br />2,559,215
<br />2,610,400
<br />2,662,608
<br />2,715,860
<br />Decrease in property tar. rate (5 cents)
<br />414,708
<br />-
<br />-
<br />(9,219.055)
<br />-
<br />Growth in Delinquent Collections
<br />500,000
<br />-
<br />-
<br />-
<br />-
<br />Other Taxes
<br />-
<br />-
<br />-
<br />-
<br />Debt
<br />Growth in Sales taxes (2% grovAh rate)
<br />3.666, -W
<br />679,112
<br />692,695
<br />706.649
<br />720,680
<br />Permits R Fees
<br />(1,219,337)
<br />(1,247,738)
<br />(1,415,686)
<br />(1,405,613)
<br />Qualified School Construction Bonds
<br />Ambulance Fees(29 growth rate)
<br />198.730
<br />93,236
<br />95.130
<br />97.032
<br />98,973
<br />Building Inspection Fees (8% growth rate)
<br />474.036
<br />153,582
<br />165.868
<br />179.138
<br />193,469
<br />Register of Deeds Fees (8% growth rate)
<br />785,600
<br />170,024
<br />183.626
<br />198,316
<br />214.181
<br />Other
<br />FulfilledfAdded Econ DevincentNe Grants
<br />Medicaid Transportation Revenues(2% growth rate)
<br />655,231
<br />18.000
<br />18.360
<br />18,727
<br />19,102
<br />increase (Decrease) in other Revenues
<br />Total Re-occurring Revenues
<br />200.190,877
<br />203 ,864.046
<br />207,630.125
<br />205,939.506
<br />209.901,771
<br />One Time Revenue Sources
<br />2015
<br />2016
<br />2017
<br />2018
<br />previous fiscal year
<br />COPS Proceeds - School Debt
<br />1,813,834
<br />-
<br />-
<br />-
<br />-
<br />Lottery Proceeds
<br />4.911,790
<br />2,161,299
<br />2,000,000
<br />2,000,000
<br />2.000,000
<br />Fund Balance Appropriated
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Total One -time Revenues
<br />6.725.624
<br />2,161,299
<br />2,000.000
<br />2,000.000
<br />2.000,000
<br />Total Revenues
<br />206.916.501
<br />206,025,345
<br />209,630.125
<br />207,939.506
<br />211,901.771
<br />GENERAL FUND
<br />Revaluation Year
<br />2014 2015 2016 2017 2018
<br />Budgeted pendit rr _c fore
<br />Revaluation Year
<br />Amended Budget less one time expenditures from the
<br />2015
<br />2016
<br />2017
<br />2018
<br />previous fiscal year
<br />5200.086,066
<br />S 203,119.439
<br />S 203,561,232
<br />S 204.512.736
<br />S 203,936,871
<br />County Services
<br />S 48.607.445
<br />S 49.851.558
<br />S 53.748.947 S
<br />56,531,583 S
<br />62.918.516
<br />Benefits for part -time employees
<br />-
<br />63,117
<br />-
<br />-
<br />-
<br />COLA at 1.5 % in 2014 and 2 thereafter
<br />712,827
<br />727,084
<br />741,625
<br />756.458
<br />771,587
<br />Ment (assum- 2% growth rate
<br />352,684
<br />359,738
<br />366,932
<br />381,757
<br />389,392
<br />Health Insurance Increases
<br />345,590
<br />414,708
<br />518,385
<br />647,981
<br />809,977
<br />Reduction in Rent and Utilities Transportation
<br />(43.302)
<br />-
<br />-
<br />-
<br />-
<br />Operating (misc., not captured in other categories)
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Debt
<br />Retirement of Debt Service
<br />(520,353)
<br />(1,219,337)
<br />(1,247,738)
<br />(1,415,686)
<br />(1,405,613)
<br />Qualified School Construction Bonds
<br />-
<br />-
<br />1,330.000
<br />-
<br />-
<br />Schools
<br />Additional Current Expense Funding
<br />1,433,094
<br />-
<br />-
<br />-
<br />-
<br />Other
<br />FulfilledfAdded Econ DevincentNe Grants
<br />893.217
<br />52,783
<br />(761,ODD)
<br />(945,000)
<br />(209,000)
<br />Obligation to Kannapolis
<br />44,000
<br />43.700
<br />3,300
<br />(1,375)
<br />1,625
<br />Contribution to Arena Fund
<br />(164,384)
<br />-
<br />-
<br />Increase (Decrease) in Contingency
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Total Re- occuring Expenditures
<br />203,119,438+
<br />203, 561, 232
<br />204,512.736
<br />203,936,871
<br />204,294,838
<br />Funding for Capital Projects( One -time Expendi
<br />Capital Improvement Plan - General Fund Monies 1,220,3MD 1.220,000 1,220,ODD 1220.000 1,220,D00
<br />Contribution to Capital Reserve Fund
<br />Total Capita IfOne-time Expenditures 1,220,00D 122.0" 0D 1,220,ODD 1220,000 1,220,000
<br />Total Expenditures $204.339,439 S 204,781,232 S 205,732,736 S 205.156.871 S 205,514,838
<br />L-1 :4
<br />Break
<br />The Board took a short break from 10:31 a.m. to 10:52 a.m.
<br />Revaluation Year
<br />2014
<br />2015
<br />2016
<br />2017
<br />2018
<br />Revenues over (under) Expenditures
<br />S 2.577,062
<br />$ 1.244.113
<br />$ 3.897.389 S
<br />2.782.635 S
<br />6,386.933
<br />Estimated Unassigned Fund Balance
<br />S 48.607.445
<br />S 49.851.558
<br />S 53.748.947 S
<br />56,531,583 S
<br />62.918.516
<br />Property Tax Rate
<br />S0.7011100
<br />50.70! 100
<br />$0.70/100
<br />50.65/ 100
<br />$0.65/100
<br />Total Debt Service Payments
<br />$ 42,863,159
<br />3 41,643,822
<br />$ 41,726,084 S
<br />40,310,398 $
<br />38,904,785
<br />as a % of Current Budget
<br />21.10%
<br />20.460%
<br />20.40%
<br />19.77%
<br />19.04%
<br />Break
<br />The Board took a short break from 10:31 a.m. to 10:52 a.m.
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