BC 2009 05 19 Recessed - Budget Meeting

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May 19, 2009 (Recessed Meeting) Page 1386 The Board of Commissioners for the County of Cabarrus met in recessed session in the Multipurpose Room at the Governmental Center in Concord, North Carolina on Tuesday, May 19, 2009, at 3:30 p.m. Present - Chairman: H. Jay White, Sr. Vice Chairman: Grace M. Mynatt Commissioners: Robert W. Carruth Elizabeth F. Poole Coy C. Privette Also present were John Day, County Manager; Mike Downs, Deputy County Manager; Pam Dubois, Deputy County Manager; Kalesha Kennedy, Budget and Performance Manager; Susan Fearrington, Assistant Finance Director; Francesca Martin, Budget Analyst; Kay Honeycutt, Clerk to the Board and Lyndsay Hayes, Deputy Clerk to the Board. Note: Commissioners Carruth and Privette were not present for the beginning of the meeting. Call to Order Chairman White called the meeting to order at 3:41 p.m. Kalesha Kennedy, Budget and Performance Manager, reviewed the agendas for the Budget Workshops. Budget Message John Day, County Manager, reviewed the budget message for the FY 2010 budget as follows: Honorable Chairman and Members of the Board of Commissioners: Today's world differs dramatically from the one we lived in a year ago. Last year's budget message focused on managing the high rate of growth and development in the county and moderating its associated burden on the tax rate and on our quality of life. This year it will focus on the impacts of revenue shortfalls resulting from the global recession, opportunities realized and opportunities awaiting. Impact of Reduced Revenues in FY 2010 The proposed general fund budget for FY 2010 totals $194.5 million, retaining the property tax rate of 63 cents but with revenue projections down by nearly $12 million from the budget adopted last June (The proposed FY2010 general fund budget is $9.3 million less than the current amended budget, which was cut by $6.1 million in February 2009 to reflect reduced revenues in FY 2009). Consistent with the Board's prudent and conservative fiscal policies, appropriation of fund balance is not recommended to fill this funding gap. Instead, proposed expenditures are reduced accordingly. These expenditure reductions are targeted to minimize detrimental impacts on service delivery and to avoid layoffs. Reductions in spending for FY 2010 are proposed nearly across the board, except where prevented by contractual or statutory obligations, and for public school operations (current expense), where spending increases over 2.50. Total general fund spending is reduced in EY 2010 by about 9.6$ compared to the amended FY 2009 budget, or by about 5.8a compared to the FY 2009 budget originally adopted last June. General descriptions of the reductions in revenues and expenditures can be found in the Budget Summary, beginning on page 31. Impact of Reduced Revenues in Subsequent Years