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May 25, 2010 (Recessed Meeting)
<br />Page 1943
<br />1osams.NerPmpectAdded SkreLastYew's C1P
<br />• bdkaeesNesPnAnAddedhWFisWYeer
<br />,. Capital Rem mFuadmg -off
<br />Cerdfacye of Pnt cgwesom (COBS) F=dimg
<br />'. Funding PmsddedbyGsmcs
<br />` Amftg Pmsdded m Solid Wasm Everp m Fwd
<br />General OUga n Road (GO) FVsodmg
<br />” A*W* PubliC F3Ct q Fes
<br />General F=d amd CgnW Resetce Amd'mg
<br />" LotacyPnueeds
<br />Umdeiinumed Debt Pmceeds
<br />Ot1w
<br />an Grants and other
<br />CaPW Pstw, Funds
<br />B1 Capild Reserve Famdmg - General Fwd
<br />51M CIF TOTAL 22,152,235
<br />Paid by Dept 5 1 08 1 080
<br />FxWbyCashRes*m 17,007,235
<br />%Paid byCash 76.7741
<br />Following a brief discussion on the downtown parking deck slated for FY
<br />2012 and FY 2013, the Board agreed by consensus to move the project to the
<br />"beyond" column since there is no funding for the project. It was noted that
<br />Concord should be asked to financially participate in the project. There was
<br />also discussion on selling the old Bethel school property by auction and
<br />thereby eliminating $300,000 from the Capital Improvement Plan for asbestos
<br />abatement and demolition; and to initiate a dialog with the Girls & Boys Club
<br />concerning cost sharing for proposed renovations at Camp T.N. Spencer, Helms
<br />Dining Hall.
<br />Recess of Meeting
<br />p.m.
<br />The Board took a short break at 5:17 p.m. The meeting resumed at 5:33
<br />Five Year Financial Plan - Options A & B
<br />County staff reviewed Options A & B to the 5 -year financial plan set
<br />forth below and responded to questions from the Board. Option A includes a
<br />5.5 cent property tax rate increase in FY 2014 and the use of $10.5 million
<br />of fund balance over a 2 -year period. Option B includes a 4.7 cent property
<br />tax rate increase in FY 2013 and the use of $5.7 million of fund balance over
<br />a 3 -year period.
<br />This section intentionally left blank.
<br />G
<br />PROJECTS
<br />FY2610
<br />FY21n
<br />FY2612
<br />FYMU
<br />FY 29U
<br />FT 2015
<br />Dr.n d
<br />Fdariiii—
<br />Cabarns Contr Schoch
<br />Sclsood Cotmncfiw
<br />1.738,683 '
<br />land Pmc►amArldectmeFen
<br />3,060,861 "
<br />CapiWOmLwExpense Fundmg
<br />1,866,850
<br />1,820.000
<br />1.02D.W
<br />1,020.DOO
<br />1,020.000
<br />1,020 „000
<br />Subtotal Cabanas Cosaft Sc►eah
<br />6,665343
<br />1,020,060
<br />1,025000
<br />1,020,000
<br />1
<br />1,620
<br />I:assaapelc City Schools
<br />School Comttsrsiw
<br />LaudPmcbasn ;Atc►iteet= Fen .
<br />:24,220 ”
<br />Capaal 0013F Expense Fsmdimg
<br />50,000
<br />50,000
<br />50,08
<br />50.ODO
<br />50.000
<br />50 „000
<br />SabtaW ffaeaapolis Qi , Sc►aels
<br />474,220
<br />50,000
<br />50,000
<br />50,80
<br />50
<br />50,000
<br />-
<br />Roan Cabanas Cos amw.r Collep
<br />Addle ml Camas Mg-Desip2mild
<br />10,80.00D
<br />SabteW RCCC
<br />-
<br />-
<br />-
<br />-
<br />-
<br />10,OM
<br />LaadfArcYtect7Eogierria;?'Other Fsadt
<br />SUBTOTAL EDUCATMN
<br />7,140,613
<br />Lre,000
<br />1,070,18
<br />1,070,000
<br />110
<br />1,070,080
<br />10 1 8gM0
<br />GRAND TOTAL - CARARRUSCOUNTY
<br />I1pkaa
<br />7,172,610
<br />4,3 W
<br />8^735
<br />I,17%M
<br />1,67g0M
<br />200,026,242
<br />Adegam Public Factluy Fns
<br />CapitalResimFwd -Other
<br />(6.13&682)
<br />(336,90@)
<br />(3200,0w)
<br />(1,834.735)
<br />COPS F=&ng
<br />GO Bads
<br />Oramsodw
<br />(100.00D)
<br />IsadSll Emarprse Fmod
<br />( 1 -076500)
<br />Losery PmCeeds - Cabs=
<br />(3,060,861)
<br />Losery Pmcekh - Kamapobs
<br />(4241.
<br />Od- (CammomTtust)
<br />(750.900)
<br />Capital PM—
<br />(L540,OOD)
<br />Uodeeeian6ned Debt bsstmoaem
<br />(5.009.000)
<br />TBD
<br />GENMAL FUND TOTALS
<br />FUNDING PROMEDMY CAPITAL RESERtM 'EnNW
<br />120goM
<br />LM,MO
<br />110,100
<br />440
<br />100
<br />FUNEMPROMEDHYCEMALFUNDUONIES
<br />tM,00
<br />1
<br />Lmlfto
<br />LMM
<br />MI
<br />TW
<br />1osams.NerPmpectAdded SkreLastYew's C1P
<br />• bdkaeesNesPnAnAddedhWFisWYeer
<br />,. Capital Rem mFuadmg -off
<br />Cerdfacye of Pnt cgwesom (COBS) F=dimg
<br />'. Funding PmsddedbyGsmcs
<br />` Amftg Pmsdded m Solid Wasm Everp m Fwd
<br />General OUga n Road (GO) FVsodmg
<br />” A*W* PubliC F3Ct q Fes
<br />General F=d amd CgnW Resetce Amd'mg
<br />" LotacyPnueeds
<br />Umdeiinumed Debt Pmceeds
<br />Ot1w
<br />an Grants and other
<br />CaPW Pstw, Funds
<br />B1 Capild Reserve Famdmg - General Fwd
<br />51M CIF TOTAL 22,152,235
<br />Paid by Dept 5 1 08 1 080
<br />FxWbyCashRes*m 17,007,235
<br />%Paid byCash 76.7741
<br />Following a brief discussion on the downtown parking deck slated for FY
<br />2012 and FY 2013, the Board agreed by consensus to move the project to the
<br />"beyond" column since there is no funding for the project. It was noted that
<br />Concord should be asked to financially participate in the project. There was
<br />also discussion on selling the old Bethel school property by auction and
<br />thereby eliminating $300,000 from the Capital Improvement Plan for asbestos
<br />abatement and demolition; and to initiate a dialog with the Girls & Boys Club
<br />concerning cost sharing for proposed renovations at Camp T.N. Spencer, Helms
<br />Dining Hall.
<br />Recess of Meeting
<br />p.m.
<br />The Board took a short break at 5:17 p.m. The meeting resumed at 5:33
<br />Five Year Financial Plan - Options A & B
<br />County staff reviewed Options A & B to the 5 -year financial plan set
<br />forth below and responded to questions from the Board. Option A includes a
<br />5.5 cent property tax rate increase in FY 2014 and the use of $10.5 million
<br />of fund balance over a 2 -year period. Option B includes a 4.7 cent property
<br />tax rate increase in FY 2013 and the use of $5.7 million of fund balance over
<br />a 3 -year period.
<br />This section intentionally left blank.
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