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May 22, 2012 (Recessed Meeting) Page 1090
<br />Total 1 $5,272,4581 $6,381,596 $5,250,903
<br />Mike Downs, County Manager, advised there is an extra $50,000.00 in the
<br />budget for the EDC if the Board approves their proposed projects. He also
<br />advised that Concord and Kannapolis have increased their contributions to the
<br />EDC, by $15,000 each. Commissioner Carruth reported the WSACC (Water & Sewer
<br />Authority of Cabarrus County) also joined the EDC and contributed $15,000.00.
<br />Five Year Financial Plan
<br />Erica Nesbitt, Budget and Performance Manager, reviewed the 5 -Year
<br />Financial Plan and responded to questions from the Board.
<br />Five Year Financial Plan
<br />GENERALFUND
<br />Budgeted Revenues for.
<br />Amended Budget less one tire_ revenues from trte
<br />previous 6scalyear
<br />Ad valorem
<br />Change rKul ing from Revaluation
<br />GromNDectine in tax base
<br />Other Taxes
<br />Grovnh in Sales taxes
<br />New 114 cent sales taxleducation capital projects
<br />Permits 8 Fees
<br />Ambulance Fees
<br />Building Inspection Fees
<br />Register of Deeds Fees
<br />Other
<br />OSCB Subsidy Payments
<br />Increase (Decrease) in other Revenue;
<br />Total Reoccurring Revenues
<br />One Tune Revenue Sources
<br />Revaluaton Year
<br />-
<br />- - - -
<br />COPs Proceeds - School Debt
<br />Revaluation Year
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017
<br />195,689,189
<br />190,713,196
<br />193,547,750
<br />197,116,834
<br />201,357,501
<br />(4,511,649)
<br />-
<br />-
<br />-
<br />-
<br />a,Dt__ °58
<br />1,955.492
<br />2,627,88D
<br />3.373.147
<br />3.918.142
<br />1,5" ^_ -=
<br />177.955
<br />306.155
<br />309.217
<br />312,309
<br />as a % of Current 6udgel
<br />21.83%
<br />21.53%
<br />21.04%
<br />21.14%
<br />iCc.1
<br />145,805
<br />150.908
<br />155.190
<br />161,657
<br />380,33+
<br />259.343
<br />278,876
<br />288,937
<br />298.739
<br />81,750
<br />275.856
<br />205,' -d5
<br />213,478
<br />217.133
<br />27.389
<br />-
<br />(5, 076,792)
<br />-
<br />-
<br />-
<br />-
<br />190.713.196
<br />193.547.750
<br />197.116.834
<br />201.357,501
<br />203.265.491
<br />Capital Reserve Funds
<br />-
<br />- - - -
<br />COPs Proceeds - School Debt
<br />1.972809
<br />1.813.834 - - -
<br />Lottery Proceeds
<br />7, 307. 518
<br />4.911,790 ZD63.117 2.1200.000 2.000.000
<br />Contint fmrn Capital Prc;ects Funds
<br />77,513
<br />- -
<br />Fund Balance Appropriated
<br />11,440,800
<br />- -
<br />Total One4ime Revenues
<br />9.297.840
<br />6.725.624 2.W','. 117 2.1300.000 2.000,000
<br />Total Revenues
<br />200.011.036
<br />200273.374 199,179.951 203.357.501 2D3.265.481
<br />Budgeted Expenditures for
<br />Amended Budget less one thrre expenditures from the
<br />previous fiscak year
<br />County Services
<br />Personnel reductions due to effaciencrs
<br />Personnel increases due to service expansion
<br />Benefits for pan -5me employees
<br />COLA
<br />klent
<br />Operating (mist.. not captured in other categories)
<br />Debt
<br />Retirement of Debt Service
<br />Schools
<br />Cuarffied School Construmon Bands
<br />Other
<br />FulnlledlAdded Eoon Dev Incentive Grans
<br />Obligation to Kannapolis
<br />Corurunity Care Crrnic
<br />Contribution to Internal Service Fund {Health Insurance)
<br />Contribution to Arena Fund
<br />increase (Decrease) in Contingency
<br />Total Reoccuring Expenditures
<br />Fundina for Caoital Proiects( One -time Expenditures
<br />Capital improvement Plan - General Fund Monies
<br />Forester capital outlay
<br />Contribution to Capital Reserve Fund
<br />Total CapitaliOne -time Expenditures
<br />1,220,DD0 1.220.0013 1. r20,D00
<br />16,3'_4 - -
<br />1, 136,324 12_2n.000 1,x,000
<br />1.x.000 12_" "0.000
<br />Total Expenditures
<br />200.01 1.M
<br />200.273.373
<br />199.179.951
<br />199.627.781
<br />197.2a'-.646
<br />Revenues over (under) Expenditures
<br />-
<br />(D)
<br />0
<br />4.7 29.7.20
<br />10,975.835
<br />Estimated Unassigned Fund Balance
<br />11,440,800
<br />44,440, 800
<br />44,430,800
<br />49,170,521
<br />60,146,356
<br />Property Tax Rate
<br />.701100
<br />.701100
<br />.701100
<br />_701100
<br />_701100
<br />Total Debt Service Payments
<br />43,383,512
<br />42.H3.159
<br />41 .643.821
<br />41.726.084
<br />40,310.398
<br />as a % of Current 6udgel
<br />21.83%
<br />21.53%
<br />21.04%
<br />21.14%
<br />20.5696
<br />After discussion, additional information on the Kannapolis Tax
<br />Increment Financing (TIF) district and revenues was requested by the Board.
<br />After responding to questions on the amount of fund balance and its new
<br />format, Pam Dubois, Deputy County Manager, advised the 5 -Year Plan would be
<br />revised to show fund balance monies as it has been done in the past to avoid
<br />confusion.
<br />Recess of Meeting
<br />215,583,318
<br />r- 124:585)
<br />173,303
<br />(1,531.117)
<br />(13.031 974)
<br />(693.000)
<br />1,421.304
<br />(50.000)
<br />(1,643.000)
<br />49.686
<br />(20,057
<br />194, 774,712
<br />198,771,712 199,053,374 197,959,951 197.507,781
<br />63.117
<br />189.282
<br />=8.214
<br />245,2e8
<br />320.926
<br />(246.921)
<br />(29332)
<br />(275216)
<br />(395.62
<br />(273.432)
<br />(957.005)
<br />(&7-
<br />0.020.064)
<br />-
<br />-
<br />1.330.000
<br />-
<br />e87.D0D
<br />046 =13)
<br />(923.000)
<br />(242000)
<br />41,000
<br />43.700
<br />3.300
<br />(1,375)
<br />(184.384)
<br />-
<br />-
<br />199,053.374
<br />197,959,951
<br />197.407.781
<br />196.069.646
<br />12?O.DDO
<br />The Board took a break at 5 p.m. The meeting resumed at 5:15 p.m.
<br />
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