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May 24, 2011 (Recessed Meeting)
<br />Page 441
<br />Option A, was thoroughly reviewed by the Board and is as follows:
<br />1fd Safes Tax Option in FY2012and Freeze Expenditures of FY2012 Levels
<br />GENERAL FU14D
<br />Rti d ne t _gsL Reygz1L0s for:
<br />F "_siirnatac operating rsvenues fron
<br />orevious fiscal y3ar
<br />Chan7o resulting from Revaluation
<br />CrowlhrDa -ine ir, tax base
<br />Ircroaso h Poperty `ax
<br />Register of Daeds Pees
<br />Budding Inspection Fees
<br />CSC9 Subsidy Paymcnts
<br />lricieas9 fDOcrew;o) n offer Revenues
<br />GrvMh in Sale; taxes
<br />Now 114 cent sales ioxieeuestion cahisal preiects
<br />Reduction in Taxes - Articlo 29 and Article 44 (talodicaid)
<br />Toiat fie- occurring Revenues
<br />0!ne Time. Rftyerua Seurcos
<br />Capital R-- ,servo Funds
<br />Capimlizcd Irterest r - School DoIA
<br />CcrtribuWn trorn Cap4ai PrP;crcta funds
<br />Lottery i'7cceed,%
<br />Fund Batanco Approilrialed
<br />Total Rcvenuos
<br />Fri gntrl E�gLenditu -I for
<br />Estisrated operating expendimums from
<br />previous (scat year
<br />F.CCC Cttrrcnt Expense Fun <fing
<br />Schott Current Expense -unding
<br />New Debt Servicu
<br />Housing Unit for Dcicnfion Center
<br />Schott Debt
<br />4salifed School Gan:tn.AcVon Bonds
<br />F.'etireme - ,t c' Dett Service
<br />FulrbAl added Eton DBv Incr_ntN* Gratis
<br />Oblioaiion io Kannapolk
<br />Satanes and C,er>efits:
<br />C-kl,A
<br />t9ew Positions inclts�ve of all benefits • Deleng:on Unit
<br />Incrons91n ooerstional cost 'fartte Housing Unit
<br />Incze3se(De:�rease) in CanWi gency
<br />Undesigratw_d E7y1en11d7ten
<br />flisc. Inc(ea;es eDeaeates) "n C•perai'onai Expenditures
<br />Cebarrus I leal:h Alliance, Funding
<br />Total C•perating Expenditures
<br />FundinttforC Pilol sects:
<br />Capsisl irlprov2ment flan - Capital Rascrve Funs
<br />Capital ir,prcaement Plan - General Fund Mcnies
<br />Cont :o Capitd Reser.•e Func
<br />Total Etponditures
<br />P.ovonues o•:er (under) Experdibrras
<br />Est ianatcd Unassigned Fur.d Balance
<br />Property Tao Rate
<br />Total Debt Service Payrnenis
<br />ns a X. of Current E'udget
<br />750,0{0 4 ?0,000 100 4100 -
<br />3,967.589 - - - -
<br />>,7co,ceo
<br />1,713,555 7,307 4,e4B,S73 7 „]GOn•00 2,00-•,00.3
<br />203,997,5eo 203,235,344 _- 203;944,655 205,302028 211.600.0734
<br />192,214,857
<br />Revaluation Year
<br />201,605,344
<br />202,674,586
<br />202,M,243
<br />2012
<br />Governmental Center Main Area Handlers
<br />2014
<br />2015
<br />2016
<br />191,425,780
<br />191,866,316
<br />195,457.026
<br />198,996,)13
<br />203102.42M
<br />-
<br />360,834
<br />-
<br />-
<br />-
<br />(2,479,994)
<br />1,0'4,479
<br />2,464,187
<br />3,214, 1 133
<br />3,960,492
<br />(53,0EC)
<br />177,090
<br />217,00
<br />2217,000
<br />1,330,000
<br />(83,6C0)
<br />2CO,000
<br />250,000
<br />250,00^
<br />(2,288,744)
<br />743;021
<br />27,634
<br />-
<br />-
<br />-
<br />(525,4EO)
<br />-
<br />•14,000
<br />43,700
<br />3,343
<br />45,9E9
<br />247.3CB
<br />403,600
<br />t-38,13130
<br />1 X128,384
<br />3.039, 000
<br />1,Sr,4 =0
<br />138.0co
<br />294,2P..0
<br />101,782
<br />(245.470)
<br />-
<br />-
<br />-
<br />-
<br />b 91,816,31$
<br />1`:50
<br />106,116,01 °.
<br />203,902,42Ci
<br />20969C,OF,'4
<br />750,0{0 4 ?0,000 100 4100 -
<br />3,967.589 - - - -
<br />>,7co,ceo
<br />1,713,555 7,307 4,e4B,S73 7 „]GOn•00 2,00-•,00.3
<br />203,997,5eo 203,235,344 _- 203;944,655 205,302028 211.600.0734
<br />192,214,857
<br />262,077,541
<br />201,605,344
<br />202,674,586
<br />202,M,243
<br />37, 0.4
<br />Governmental Center Main Area Handlers
<br />100,000
<br />2
<br />Old Board of Elections Demolition
<br />19 0,040
<br />1 Old
<br />Jail Demolition /Resurface
<br />2,000,000
<br />1
<br />(•114.25`3)
<br />{124,000)
<br />{'24,f.-00)
<br />(145,000)
<br />,146.500)
<br />4,735.000
<br />(1c;>,C56)
<br />{'97,550}
<br />(224,400)
<br />[159,400}
<br />748,098
<br />28,C27
<br />-
<br />-
<br />1,330,000
<br />x817,445}
<br />(,,49 0,677)
<br />(- aa,708)
<br />(697,743)
<br />(2,288,744)
<br />(34:7,:23;•
<br />(175,CO'D)
<br />56,000
<br />(125.00C)
<br />(727,000)
<br />3,534,300
<br />1,421 -E 4
<br />•14,000
<br />43,700
<br />3,343
<br />734,454
<br />2,678;621
<br />-
<br />-
<br />-
<br />5
<br />-
<br />(21g,420)
<br />1,sOO,DDO
<br />1.500000
<br />1,600.003
<br />-
<br />E2.235
<br />-
<br />2C2,077,541
<br />201,575,24
<br />2D2,674,0 86
<br />202,826243
<br />262.308,899
<br />750,000
<br />470,000
<br />13D,DOC
<br />-
<br />-
<br />1,170,000
<br />1,170,000
<br />1,17 0,9OG
<br />1.170,13 cc
<br />1,170.000
<br />203, 997,541
<br />203.2 35,344
<br />^.03;044, >$Ei
<br />203,096.243
<br />2tl3.4i`9,8CA
<br />(0)
<br />(0)
<br />(:D)
<br />1,900,382
<br />E.210,135
<br />13,:3:8,832
<br />18,323,832
<br />113,323,832
<br />20,235,09?
<br />21,445,20+3
<br />.63i 1c0
<br />.7050
<br />.70501'00
<br />,7050/100
<br />.7CSO;100
<br />4C,SMI15
<br />.74,791,115
<br />44250,457
<br />43013.314
<br />41,72-0.67.9
<br />22.1.x11
<br />22.049',
<br />21.:x145
<br />21.179 ?0
<br />2•?.50':,
<br />Ms. Dubois noted that Option B is no longer relevant since the 14 cent
<br />sales tax referendum was approved by the voters on May 17.
<br />John Day, County Manager, addressed sales tax revenues and the County's
<br />recent efforts to identify State issued sales tax refunds to local businesses
<br />and possible recoupment of refunds possibly issued in error. He also
<br />responded to questions from the Board. Staff was asked to provide the
<br />calculation for determining a revenue neutral property tax rate.
<br />Capital Improvement Plan (CIP)
<br />Mike Downs, Deputy County Manager, thoroughly reviewed each project
<br />identified in the FY 2012 Capital Improvement Plan and related funding source
<br />as follows:
<br />Capital Improvement Plan - FY 2012
<br />Project
<br />Dollar Amount
<br />2
<br />Governmental Center Main Area Handlers
<br />100,000
<br />2
<br />Old Board of Elections Demolition
<br />650,000
<br />1 Old
<br />Jail Demolition /Resurface
<br />2,000,000
<br />1
<br />Arena Roof Replacements
<br />96,800
<br />3
<br />Kannapolis Library Program Room
<br />65,000
<br />1
<br />Emergency Communications Improvements
<br />700,000
<br />'
<br />Human Services Building Renovations
<br />1,000,000
<br />5
<br />RCCC Capital Outlay
<br />100,000
<br />5
<br />Cabarrus County Schools Capital Outlay
<br />1,020,000
<br />4
<br />Cabarrus County Schools Construction /Renovations
<br />11,102,856
<br />5
<br />Kannapolis City Schools Capital Outlay
<br />50,000
<br />4
<br />Kannapolis City Schools Construction /Renovations
<br />3,534,300
<br />Grand Total
<br />20,418,956
<br />
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