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May 25, 2010 (Recessed Meeting) Page 1944
<br />Five Year Financial Plan - A
<br />Staggard Debt Issue June 2009 and June 2012
<br />192,529,189
<br />203,078,725
<br />205,839,961
<br />Capital Reserve Funds
<br />1,090,000
<br />GENERAL FUND
<br />440,000 100,000
<br />Capitalized Interest Proceeds - School Debt
<br />Revel
<br />3,967,669
<br />800.000
<br />Budgeted Revenues for
<br />2011
<br />2412
<br />29]?
<br />2414
<br />2015
<br />Estimated operating revenues tram
<br />7,985,442 6,405,118 3,948,982
<br />Fund Balance
<br />(154,250)
<br />2,056,127
<br />8,477.042
<br />previous fiscal year
<br />197,223,716
<br />189,531,520
<br />194,032,412
<br />190,447,477
<br />204,724,063
<br />Change resulting from Revaluation
<br />-
<br />41,465,021
<br />(7,997,769)
<br />(1000)
<br />(1,184,755)
<br />Annual Change in Property Taxes
<br />(2,939,951)
<br />219,570
<br />1,692,712
<br />2,150,893
<br />3,281,792
<br />Increase in Property Tax (5.5 in FY 2014)
<br />25,376
<br />(210,625)
<br />.63
<br />10,660,212
<br />1,300,000
<br />Register of Deeds Fees
<br />1.080
<br />180,000
<br />177,000
<br />217,000
<br />220,000
<br />Building Inspection Fees
<br />(391.000)
<br />200,000
<br />200,000
<br />250,000
<br />250,000
<br />Increase(Decrease)In other Revenues
<br />(2,899,088)
<br />Growth (Dec) in Sales taxes
<br />(392,203)
<br />401.322
<br />543,122
<br />692,481
<br />851,751
<br />Addition of 1/4 card sales lax for education cost
<br />3,500,000
<br />1,800,000
<br />106,000
<br />106,120
<br />Reduction in Taxes - Article 39 and Article 44 (Medicaid)
<br />(1,071,034)
<br />Total Re- occurring Revenues
<br />189,531,520
<br />194,032,412
<br />190.447.477
<br />204,724.063
<br />209,435,726
<br />One Time Revenue Sources
<br />192,529,189
<br />203,078,725
<br />205,839,961
<br />Capital Reserve Funds
<br />1,090,000
<br />110,OOD
<br />440,000 100,000
<br />Capitalized Interest Proceeds - School Debt
<br />3,987,669
<br />3,967,669
<br />800.000
<br />Grants (Library)
<br />100,000
<br />800,000
<br />1,070,000
<br />Lottery Proceeds
<br />40,000
<br />4,092,517
<br />7,985,442 6,405,118 3,948,982
<br />Fund Balance
<br />(154,250)
<br />2,056,127
<br />8,477.042
<br />Total Revenues
<br />194,889.188
<br />2258,725
<br />207,349,961 211,229,181 213,384,708
<br />Budgeted Expenditures for,
<br />Estimated operating expenditures from
<br />previous fiscal year
<br />RCCC Current Expense Funding
<br />School Current Expense Funding:
<br />Current Operations
<br />Building and Grounds Maintenance
<br />Opening New Schools
<br />New Debt Service
<br />Housing Unit for Detention Canter
<br />School Debt
<br />Parking Deck
<br />Retirement of Debt Service
<br />Fulfilled/Added Econ Dev Incentive Grants
<br />Maximum County Contnbulion for NO Research Campus
<br />Salaries and Bents:
<br />Reduction In Workforce
<br />COLA and Merits
<br />Avg Growth in New Positions Inclusive of all benefits
<br />New Positions inclusive of all benefits - EMS Shift
<br />New Positions Inclusive of all benefits - Detention Unit
<br />Increase in operational cost for the Housing Unit
<br />Increase (Decrease) in Contingency
<br />Misc. Increases (Decreases) in Operational Expenditures
<br />Vehicles New b Replacements - General Govt
<br />Building Maintenance Repairs
<br />Cabamis Health Alliance Funding
<br />Total Operating Expenditures
<br />189,906,364
<br />192,529,189
<br />203,078,725
<br />205,839,961
<br />209,970,709
<br />53,714
<br />37,044
<br />37,785
<br />38,541
<br />39,312
<br />1,501,341
<br />800.000
<br />800,000
<br />800,000
<br />800,000
<br />1,070,000
<br />40,000
<br />40,000
<br />40,000
<br />40.000
<br />3,100.000
<br />(154,250)
<br />(124,000)
<br />(124,000)
<br />(145,000)
<br />2,149,154
<br />4,735,000
<br />(142,050)
<br />(197,950)
<br />(224,400)
<br />-
<br />-
<br />41,465,021
<br />903,000
<br />(1000)
<br />(1,184,755)
<br />(842,492)
<br />(1,485,616)
<br />(180,503)
<br />(896,788)
<br />(186,080)
<br />52,065
<br />(371,477)
<br />25,376
<br />(210,625)
<br />.63
<br />.685
<br />1,300,000
<br />Total Debt Service Payments
<br />42.269,653
<br />(2,475,204)
<br />44,256,245
<br />44,656,792
<br />43,389,604
<br />as a % of Current Budget
<br />2.380,553
<br />2,616.871
<br />2,622,175
<br />2,740.176
<br />2,747,243
<br />863,631
<br />2,922,534
<br />260,000
<br />(89,649)
<br />(3,579,880)
<br />82,764 84,419 86,108 87,830
<br />192.529,189 203,078,725 205,839,961 209,970,709 212,201,281
<br />Fundina for Capital Proiects:
<br />Capital Improvement Plan - Capital Reserve Funds
<br />1,090,000
<br />110.000
<br />440,000
<br />100,000
<br />Capital Improvement Plan - General Fund Morses
<br />1,070,000
<br />1,070,000
<br />1,070,000
<br />1,070,000
<br />1,070,000
<br />Total Expenditures
<br />194,869,189
<br />204,258,725
<br />207,349,981
<br />211,140,709
<br />213,271,281
<br />Revenues over (under) Expenditures
<br />-
<br />-
<br />88,472
<br />113,427
<br />Estimated Unreserved Fund Balance
<br />43,521,146
<br />41,465,021
<br />32,987,979
<br />33,076,451
<br />33,189,878
<br />as a % of Current Budget
<br />22.35%
<br />20.30%
<br />15.91%
<br />15.67%
<br />15.56%
<br />Property Tax Rate
<br />.63
<br />.631100
<br />.63
<br />.685
<br />.6051100
<br />Total Debt Service Payments
<br />42.269,653
<br />46,007,911
<br />44,256,245
<br />44,656,792
<br />43,389,604
<br />as a % of Current Budget
<br />21.71%
<br />22.52%
<br />21.34%
<br />21.15%
<br />20.34%
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