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January 29, 2011 (Board Retreat)
<br />Five Year Financial Plan - A
<br />GENERAL FUND Adjust for appeals Renal /Ravanue Neutral
<br />Page 299
<br />Budgeted Revenues for:
<br />2DJ1
<br />1�/2
<br />jQ1a
<br />2014
<br />ZM
<br />Estimated operating rzvonuca from
<br />previous frocolyear
<br />107,227,71E
<br />184,535,576
<br />19 1.779,972
<br />190,159,9:-0
<br />199,045,339
<br />CFango rocullinlg from Rovaluaticn
<br />Annual Charge In Property Taxes
<br />17,939,951)
<br />,1,572,926)
<br />197.542
<br />1,098.318
<br />2,279,904
<br />3,224,963
<br />Register of Deeds Fess
<br />1,080
<br />180,000
<br />177.000
<br />217,000
<br />220,D00
<br />Building Inspection Faea
<br />(391,000)
<br />200,000
<br />200,C00
<br />25C,OOC
<br />250,DOO
<br />Increase (Itanraasajin other Revenues
<br />!2,895,032)
<br />(392,203)
<br />-
<br />401,322
<br />-
<br />643,12?
<br />602,481
<br />651,751
<br />Gmwth i,tlerain Sales IF.xas
<br />Acrutim of 1f4 cent sales tax for eduCetbi oast
<br />-
<br />3,036,000
<br />1,664,000
<br />46,000
<br />46,4nn
<br />Reduction in Taxes - PNcle 39 and Article 44 (Medl
<br />{1,071,034)
<br />-
<br />-
<br />Budgeted Expenditures for:
<br />Total Re-occurring Revenues 180,636,676 191,779,972 196,159,954 199,645,339 204,238,503
<br />One Time Revenue 9ourcea
<br />Capital Reserve "unds
<br />940,000
<br />111 0,11on
<br />440,000
<br />100.000
<br />Capitalized Interest Proceeds - School Debt
<br />3,067,669
<br />3,967,dfi9
<br />-
<br />Grants (Lbrory;Staff rcr Food Council)
<br />170,354
<br />70,354
<br />-
<br />Cent from Capital Projects Funds
<br />5,700,000
<br />Lcttary Proceeds
<br />1.780.000
<br />6,730,03
<br />1,300,000
<br />1,300,000
<br />Fund Balance
<br />1,093,005
<br />4,541,720
<br />380,357
<br />Total Revenues
<br />194,613,599
<br />203,4n7,9a5
<br />2L 423 B,_ie
<br />203,567.059
<br />203.899,880
<br />Budgeted Expenditures for:
<br />Estimated operating expend•tures from
<br />previous fiscal year
<br />189,996,384
<br />192,533,245
<br />201,648,960
<br />202,913,872
<br />204,417.059
<br />RCCG Current Expense Funding
<br />53,714
<br />7/,783
<br />26,200
<br />28,823
<br />29,0.2
<br />School Current Exponao Funding:
<br />Current Oporatiors
<br />1 inn tool
<br />800,01D)
<br />800,000
<br />800,0)0
<br />800,000
<br />Building and Grounds Maintarance
<br />40,003
<br />40,000
<br />40,030
<br />40,000
<br />Opening New Schcds
<br />-
<br />-
<br />New Debt Service
<br />Housing UNt for Det?nOnnCenter
<br />3,1MOO)
<br />1154,2
<br />(124,000)
<br />(124,000:
<br />(145,OCO)
<br />Sel l neht
<br />2,149,154
<br />4,735,006
<br />(142,050)
<br />(197,950;
<br />;224,400)
<br />Parting Deck
<br />Retrement of Debt Qavice
<br />-
<br />(1,184,7651
<br />(842,402)
<br />(1,485,616)
<br />(isn,503"
<br />1 896,7b8)
<br />Fulfilled(Added Ecar Dev Incentive Drama
<br />(166,086,r
<br />62065
<br />(371,47
<br />75,:1/3
<br />(216,625)
<br />Maximum Cuun(y Contritution for NC Research Campus
<br />1,422,DO0
<br />44,OOD
<br />43,700
<br />Salaries and Benefits:
<br />Reduction in Workforce
<br />(2,475,2041
<br />-
<br />COLA
<br />1,680,553
<br />1,212,64n
<br />1;934,437
<br />1.003.725
<br />918,784
<br />Restored Position - Sall& Water
<br />40.024
<br />Rotiromonl Inlcentiva,'Vocation payouts iostlmated)
<br />750 flM
<br />New locations inclusive of all benefits - Dat"an Unit
<br />863•ti31
<br />2,922,034
<br />Increase in operational cost for the Hcusirg Unit
<br />260,000
<br />increase(Decrease)In Contingerrc/
<br />263.683
<br />-
<br />Wee. Increases (Decreases) in Opernhonat Expanditures
<br />(3627.702)
<br />-
<br />Vehicles Now & Replrmrrents - (;anaral Govt
<br />-
<br />Hnsning Maintenance Repa
<br />t Health Alliance Fundlrg
<br />100,iC3
<br />62,236
<br />63,163
<br />64,116
<br />R
<br />Total Operating Expenditures
<br />192,533,245
<br />201,648,980
<br />202,913,072
<br />204,417,050
<br />204,828,860
<br />Fund ina for Carital ProloMw
<br />('anitai lmprcvement Plant - Capital Reser /e Funds
<br />940,000
<br />110,000
<br />443,000
<br />100,Oc0
<br />-
<br />09pital lmprove1111811: Plan! - General Furld Monies
<br />1,070,000
<br />1,070,000
<br />1,073,000
<br />1,070,000
<br />1,nTn;:mn
<br />Staff position fx Food Council
<br />70,354
<br />70,364
<br />Total Expenditures
<br />194,613,600
<br />101 31!
<br />204,423 672
<br />205,567
<br />LU5 896,880
<br />Revenues over (under) Expenditures
<br />508,681
<br />-
<br />-
<br />Estimated Unreserved Fund Balance
<br />66,436,168
<br />69,944,839
<br />57,851,154
<br />53,309,434
<br />52,949,077
<br />es u are of Current Budget
<br />30.03
<br />29.05%
<br />7R X1
<br />25.93%
<br />25.72
<br />Property Tax Rate
<br />.631100
<br />.63/100
<br />.68491100
<br />.66491100
<br />.68491 100
<br />Total Debt Service Pg /monto
<br />42,265,653
<br />1R ric i,y11
<br />44,256,245
<br />43, ?53,
<br />42,07,004
<br />a3 a o of Current Budget
<br />21.7245
<br />22.681/0
<br />2'11.85%.
<br />21.26%
<br />20.04%
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