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May 25, 2010 (Recessed Meeting)
<br />Page 1938
<br />revaluation. The anticipated lowering of the county's property
<br />valuation that year results in a reduction in property tax
<br />revenue of nearly $8 million, which is offset by a fund balance
<br />appropriation. The property tax rate is then raised to 68.5 cents
<br />in FY 2014 and FY 2015. Option B raises the property tax rate in
<br />FY 2013 to the revenue - neutral rate of 67.7 cents and retains
<br />that rate in FY 2014 and FY 2015.
<br />r.'s_r�eers�
<br />Many difficult choices were made to achieve a new sense of
<br />normalcy - choices that result in a more austere form of county
<br />government. But those choices were necessary and made for the
<br />benefit of our taxpayers. Non - essential services continue at
<br />acceptable levels even after staff reductions and funding
<br />cutbacks. Law enforcement and emergency medical services were not
<br />subject to the same reductions experienced in other areas and
<br />continue at the same high level of excellence our citizens have
<br />come to expect. County employees are compensated fairly and
<br />provided high quality health care benefits, and public schools
<br />receive increases in operating funds each year. And the Board of
<br />Commissioners' multifaceted, sustainable community initiative
<br />will continue, laying a firm foundation for a more resilient
<br />local economy.
<br />I appreciate the efforts of those who contributed to the
<br />preparation of the budget, and those of the many county employees
<br />who proudly and effectively serve our citizens everyday - I offer
<br />them my sincere gratitude. I especially want to thank deputy
<br />county managers Pam Dubois and Mike Downs, budget and performance
<br />manager Kalesha Kennedy, assistant finance director Susan
<br />Fearrington, accountant Becky Crabtree, and the county's
<br />department directors for their considerable efforts.
<br />The county staff and I look forward to assisting the Board in its
<br />deliberations and helping it prepare the county for a better
<br />future.
<br />Budget Summary
<br />Kalesha Kennedy, Budget and Performance Manager, reviewed the budget
<br />summary as follows:
<br />Note: One cent on the tax rate generates $2,027,838.00 of revenue.
<br />Revenue - All Funds (Revenues by Source)
<br />Kalesha Kennedy, Budget and Performance Manager, reviewed FY 2011
<br />Revenues by Source for all Funds as follows:
<br />Other Taxes: 13.28 %; Intergovernmental Revenues: 9.63 %; Permits &
<br />Fees: 1.17 %; Sales & Services: 9.46 %; Miscellaneous: 0.10 %; Investment
<br />Income: 0.09 %; Other Financing Sources: 3.68% and Ad Valorem Taxes:
<br />62.58 %.
<br />At the request of the Board, Ms. Kennedy also reviewed the various
<br />types of sales taxes the County receives. She and Pam Dubois, Deputy County
<br />Manager, responded to questions from the Board.
<br />Revenue - All Funds
<br />Kalesha Kennedy, Budget & Performance Manager, reviewed the following
<br />data on revenue:
<br />General Landfill 911 Arena W Insurance Total
<br />Comp.
<br />FY 10 Amended
<br />FY 11 Proposed
<br />% Change
<br />General Fund
<br />$203,026,940
<br />$194,689,189
<br />-4.11%
<br />Landfill Fund
<br />1,585,643
<br />3,255,657
<br />105.32%
<br />Arena Fund
<br />1,958,006
<br />1,399,363
<br />- 28.53%
<br />911 Fund
<br />792,430
<br />652,000
<br />- 17.72%
<br />Workers Comp. Fund
<br />1,574,500
<br />575,000
<br />- 63.48%
<br />Health Ins. Fund
<br />7,152,000
<br />7,060,600
<br />-1.28%
<br />Total County Budget
<br />216,089,520
<br />207,631,809
<br />-3.91%
<br />Prop. Tax Rate (cents)
<br />.63
<br />.63
<br />-
<br />Note: One cent on the tax rate generates $2,027,838.00 of revenue.
<br />Revenue - All Funds (Revenues by Source)
<br />Kalesha Kennedy, Budget and Performance Manager, reviewed FY 2011
<br />Revenues by Source for all Funds as follows:
<br />Other Taxes: 13.28 %; Intergovernmental Revenues: 9.63 %; Permits &
<br />Fees: 1.17 %; Sales & Services: 9.46 %; Miscellaneous: 0.10 %; Investment
<br />Income: 0.09 %; Other Financing Sources: 3.68% and Ad Valorem Taxes:
<br />62.58 %.
<br />At the request of the Board, Ms. Kennedy also reviewed the various
<br />types of sales taxes the County receives. She and Pam Dubois, Deputy County
<br />Manager, responded to questions from the Board.
<br />Revenue - All Funds
<br />Kalesha Kennedy, Budget & Performance Manager, reviewed the following
<br />data on revenue:
<br />General Landfill 911 Arena W Insurance Total
<br />Comp.
<br />
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