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May 24, 2011 (Recessed Meeting) Page 442
<br />Funding Sources
<br />1 Capital Reserve Fund - Other
<br />3,796,800
<br />Capital Reserve Fund - General Fund
<br />750,000
<br />3 Cannon Trust
<br />65,000
<br />A Qualified School Construction Bonds
<br />14,637,156
<br />5 Funding Provided by General Fund Monies
<br />1,170,000
<br />Note: The Capital Improvement Plan (CIP) is a long range plan of
<br />proposed capital improvement projects, including project costs and funding
<br />sources. The CIP is updated annually based on needs identified during the
<br />preparation of the capital budget.
<br />Staff also responded to a variety of questions on the proposed
<br />projects. Later in the meeting, Kyle Bilafer, General Services Director,
<br />responded to questions related to the Arena roofing project.
<br />Budget Summary
<br />Pam Dubois, Deputy County Manager, reviewed the percent of change
<br />between the FY 2011 amended budget and the proposed FY 2012 budget as
<br />follows:
<br />Ms. Dubois also responded to questions from the Board.
<br />Recess of Meeting
<br />At 4:39 p.m., the Board took a short break. The meeting resumed at
<br />4:50 p.m.
<br />Revenue - All Funds
<br />Pam Dubois, Deputy County Manager, reviewed the projected revenues for
<br />FY 2012 for all funds by source and responded to questions from the Board.
<br />The projected revenues are as follows: ad valorem taxes - 61.05 %, other
<br />taxes - 12.09 %, intergovernmental - 8.92 %, permits and fees - 1.19 %, sales
<br />and services - 8.74 %, miscellaneous - 0.09 %, investment income - 0.09% and
<br />other funding sources - 7.83 %.
<br />FY 11 Amended
<br />FY 12 Proposed
<br />% Change
<br />General Fund
<br />222,285,936
<br />203,254,459
<br />-8.56
<br />Landfill Fund
<br />3,397,398
<br />1,305,000
<br />-61.59
<br />Arena Fund
<br />1,478,352
<br />1,488,984
<br />.72
<br />911 Fund
<br />652,000
<br />634,086
<br />-2.75
<br />Workers Comp Fund
<br />575,000
<br />603,213
<br />4.91
<br />Health Insurance Fund
<br />7,060,600
<br />7,367,000
<br />4.34
<br />Total County Budqet
<br />235,449,286
<br />214,652,742
<br />-8.83
<br />Property Tax Rate (cents)
<br />.63
<br />.63
<br />-
<br />Ms. Dubois also responded to questions from the Board.
<br />Recess of Meeting
<br />At 4:39 p.m., the Board took a short break. The meeting resumed at
<br />4:50 p.m.
<br />Revenue - All Funds
<br />Pam Dubois, Deputy County Manager, reviewed the projected revenues for
<br />FY 2012 for all funds by source and responded to questions from the Board.
<br />The projected revenues are as follows: ad valorem taxes - 61.05 %, other
<br />taxes - 12.09 %, intergovernmental - 8.92 %, permits and fees - 1.19 %, sales
<br />and services - 8.74 %, miscellaneous - 0.09 %, investment income - 0.09% and
<br />other funding sources - 7.83 %.
<br />Expense - All Funds
<br />Pam Dubois, Deputy County Manager, reviewed the projected expenses for
<br />FY 2012 by service area and responded to questions from the Board. The
<br />General
<br />Landfill
<br />911
<br />Arena
<br />Wk. Comp
<br />Insurance
<br />Total
<br />Ad valorem
<br />131,042,744
<br />-
<br />-
<br />-
<br />-
<br />-
<br />131,042,744
<br />Other Taxes
<br />25,941,215
<br />-
<br />-
<br />-
<br />-
<br />-
<br />25,941,215
<br />Intergovernmental
<br />18,478,672
<br />35,000
<br />632,086
<br />-
<br />-
<br />-
<br />19,145,758
<br />Permits & Fees
<br />2,514,500
<br />30,000
<br />-
<br />-
<br />-
<br />-
<br />2,544,500
<br />Sales & Services
<br />9,531,812
<br />1,240,000
<br />-
<br />642,286
<br />-
<br />7,356,500
<br />18,770,598
<br />Miscellaneous
<br />185,425
<br />-
<br />-
<br />10,500
<br />-
<br />-
<br />195,925
<br />Investment
<br />180,000
<br />-
<br />2,000
<br />1,500
<br />5,000
<br />10,500
<br />199,000
<br />Other Financing
<br />15,380,091
<br />-
<br />-
<br />834,698
<br />598,213
<br />-
<br />16,813,002
<br />Total Revenue
<br />203,254,459
<br />1,305,000
<br />634,086
<br />1,488,984
<br />603,213
<br />7,367,000
<br />214,652,742
<br />Expense - All Funds
<br />Pam Dubois, Deputy County Manager, reviewed the projected expenses for
<br />FY 2012 by service area and responded to questions from the Board. The
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