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May 4, 2009 (Work Session)
<br />Page 1358
<br />Funding:
<br />Current Operations 1,177,695 883,957 1,113,931 1,973,320 1,998,297
<br />Building and Grounds
<br />Maintenance (96,792) 90,489 81,360 82,199 83,016
<br />Opening New Schools - 3,000,000 - - -
<br />New Debt Service
<br />(estimated):
<br />Housing Unit for
<br />Detention Center 1,891,999 3,100,000 (159,250) (129,001) (129,000)
<br />School Debt Issue -
<br />Future Projects 5,290,000 9,200,200 (210,600)
<br />Parking Deck 733,205 219,300
<br />Retirement of Debt Service (1,970,923) (1,189,769) (892,983) (1,985,615) (180,502)
<br />Fulfilled/Added Econ Dev
<br />Incentive Grants 929,770 500,969 (162,000) (769,000) (299,000)
<br />Maximum County
<br />Contribution for NC
<br />Research Campus 662,799 812,956 300,126 590,222 1,020,777
<br />Salaries and Benefits;
<br />COLA, Merits, and Health
<br />Insurance Increases 1,501,953 757,708 2,901,558 2,519,821 2,691,019
<br />Avg Growth in New
<br />Positions inclusive of
<br />all benefits 902,739 500,000 500,000 500,000 500,000
<br />New Positions inclusive
<br />of all benefits - EMS
<br />Shift - - - - -
<br />New Positions inclusive
<br />of all benefits -
<br />Detention Unit - 1,719,189 1,716,189 1,593,259
<br />Increase in operational
<br />cost for the Housing
<br />Unit - 600,000 119,900 - -
<br />Increase in Contingency 650,000 (500,000)
<br />Misc. Increases in
<br />Operational Expenditures (1,611,619) 300,000 330,000 500,000 600,000
<br />Vehicles New &
<br />Replacements - General
<br />Govt (331,791) - - - -
<br />euilding Maintenance
<br />Repairs 130,300 - 100,000 100,000 100,000
<br />Decrease in Medicaid (3,371,013) - - - -
<br />Adtlitional Cabarrus Health
<br />Alliance contribution
<br />due to population growth - 126,765 130,966 139,276 138,197
<br />Total Operating
<br />Expenditures 186,276,086 199,023,278 210,725,722 220,258,839 226,180,138
<br />Funding fox Capital
<br />Projects:
<br />Capital Improvement Plan 1,686,650 1,130,000 8,862,520 2,550,566
<br />Contribution to Capital
<br />Reserve Fund 9,559,726
<br />Total Expenditures 199,522,662 199,023,278 211,855,722 229,121,359 228,730,709
<br />Revenues over (under)
<br />Expenditures - 907,839 1,123 536,955 7,186,367
<br />Estimated Unreserved Fund
<br />Balance 36,741,776 37,199,615 37,150,738 37,687,193 49,873,559
<br />as a 8 of Current Budget 198 20~ 188 178 20~
<br />Property Tax Rate
<br />Total Debt Service
<br />Payments
<br />as a & of Current Budget
<br />Five Year Financial Plan .63 / 100 .65 / 100
<br />
<br />37,671,897 39,587,133
<br />19.378 19.89
<br />- A (2012) .675 / 100
<br />
<br />94,563,605
<br />21.038 .675 / 100
<br />
<br />97,368,989
<br />20.67& .675 / 100
<br />
<br />96,853,387
<br />20.48
<br />GENERAL FUND Reval
<br />Budgeted Revenues for: 2010 2011 2012 2013 2019
<br />Estimated operating revenues
<br />from previous fiscal year 198,051,391 199,522,662 196,900,115 203,659,272 220,995,492
<br />Growth due to Revaluation
<br />(11~ for Real Property) - - 12,937,393
<br />Annual Growth in Property
<br />Taxes for New Construction 1,866,895 (2,930,260) 1,759,001 3,198,698 9,866,993
<br />Increase in Property Tax (.5) - 1,008,999 -
<br />Growth/Decrease in Register
<br />of Deeds Fees (302,980) - 50,000 -
<br />Growth in Other Revenues 785,611 750,000 750,000 750,000 750,000
<br />Growth in Building Inspection
<br />Revenues (500,000) - 50,000 -
<br />Growth in Ambulance Revenues 525,000 150,000 150,000 150,000 150,000
<br />State Hold Harmless (Medicaid
<br />Reform) 1,999,043 1,102,691
<br />Growth/Decrease in Sales
<br />taxes (1& inc FY 12 to FY
<br />19) (581,995) - 227,927 230,206 232,508
<br />Addition of 1/9 cent sales
<br />tax for education cost - 2,211,684 3,202,519 108,289
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