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May 19, 2009 (Recessed Meeting) Page 1392
<br />Five Year Financial Plan - A
<br />Sfappard0ebt Issue June 2009 and June 1011
<br />GENERAL FUND Revel
<br />8udaeted Revenuesior: 2010 2011 2012 2013 2014
<br />EsBmated operating revenues from
<br />previous fiscal year 198,051,341 194,522,662 198,419,863 208,775,541 226,216,605
<br />Growth due to Revduafion (11 °h fa Real Property) - 12,919,180
<br />AnnualGrow9rinProperlyTaxesfaNewConsWction 1,998,493 (2,930,260) 1,781,623 3,316,705 5,050,161
<br />Inaease in Property Tax (1.5,1.5) - 3,028,242 3,073,899 -
<br />GrowWDeaease in Registerd DeadsFees (302,980) - 50,000 -
<br />GrowthinOtherRevenues 654,013 750,000 750,000 750,000 750,000
<br />Growth in Building Inspection Revenues (500,000) - 50,000 -
<br />Growth in Ambulance Revenues 525,000 150,000 150,000 150,000 150,000
<br />Slate Hold Harmless (Medicaid Reform) 1,994,043 1,102,691
<br />GrowWDecrease in Sales fixes (1 °h inc FY12 to FY 14) (581,995) - 227,927 230,206 232,508
<br />AdktiBonof114centsalestaxfaetlucationcost - 2,211,684 3,202,519 108,284
<br />ReducBoninTaxes-Artide39andAr8de44(Medicaid) 5,321,210 1,306,506 32,981 33,311 33,644
<br />Total Revenues 194,522,662 198,419,863 208,775,541 226,216,605 232,365,630
<br />8udaeted Exnenditures for.
<br />Estimated operating expentliMes hom
<br />previous fiscal year
<br />RCCC Curtenf Expense Funding
<br />Scholl Curted Expense Funding:
<br />CurredOperations
<br />Bulldog and (;rounds Maidenance
<br />Opering New Schads
<br />New Debt Service (estimated):
<br />Housing Unit fa Detention Center
<br />Scholl DeM Issue • 2 schods, t project
<br />Scholl Debt Issue • 2 schods
<br />Packing Dedk
<br />Refirement of Debt Service
<br />FulfilledlAdtled Ecan Dev Incentive Grants
<br />Ma>amum County Contribution for NC Research Campus
<br />Salaces and Benefits:
<br />COLA, Mects, and Health Insurance Increases
<br />Avg GrovM in New Positions induswe of all benefits
<br />New Positions indusive d all benefits • EMS SNR
<br />New Positions indusive d ell benefits -Detention Unit
<br />Inaease in oparefional cast forme Housing Unil
<br />Inaease in CorNngency
<br />Misc. Increases in Operational Expendtures
<br />4ehicles New 8 Replak~menis -General Govl
<br />Bkdltling Maintenance Repairs
<br />Decrease in Medicaid
<br />Additional Cabartus HeaBh Nliance conlcbution
<br />due to popkia8on k~mvlh
<br />Total Operating Expenditures
<br />188,866,429 188,216,08E 198,023,278 207,430,722 218,140,701
<br />- 89,925 94,421 99,142 104,099
<br />1,177,695 883,957 1,113,931 1,473,320 1,498,297
<br />(96,192) 40,488 81,380 82,194 83,016
<br />- 2,000,000 - 1,000,000
<br />1,841,494 3,100,000 (154,250) (124,001) (124,000)
<br />2,945,000 2,313,225 (117,8W)
<br />3,063,837 887,757
<br />733,205 214,300
<br />(1,910,923) (1,184,764) (842,483) (1,485,615) (180,502)
<br />a24,no SEO,sss (162,EOO) (7s4,ooo) (24s,a6o)
<br />662,794 812,956 300,126 540,222 1,020,777
<br />1,501,953 757,708 2,401,558 2,519,821 2,641,014
<br />402,739 50D,000 5,000 500,000 500,000
<br />- 1,719,189 1,716,189 1,543,259
<br />- 600,0 119,0 - -
<br />650,000 (500,000)
<br />(1,611,619) 300,000 330,000 500,000 600,OOD
<br />(331,741) - - -
<br />130,300 100,000 100,000 100,000
<br />(3,371,013) - - -
<br />- 126,765 130,466 134,276 138,197
<br />188,276,086 198,023,278 207,430,722 218,140,701 226,042,557
<br />Funding for CanRal Protects:
<br />Capitd Improvement Plan
<br />Conhibution to Capital Reserve Fund
<br />2,536,850 1,130,000 8,075,520 2,550,566
<br />3,709,726
<br />Total Expendtures 194,522,fi62 198,023,278 208,560,722 226,216,221 228,593,123
<br />Revenues over (under) Expenditures
<br />Eallmated Unreserved Fund Balance
<br />as a % d Curtent Budget
<br />Property Tax Rate
<br />Total DabtServmcePayments
<br />as a % d Cunent eutlget
<br />396,585 214,819 384 3,772,597
<br />36,741,776 31,138,361 37,353,180 37,353,564 41,126,071
<br />19% 20% 18% 18% 18°h
<br />.631100 .6451100 .661100 .661100 .661700
<br />37,671,897 39,587,133 42,268,605 43,186,514 42,764,212
<br />19.37°/a 19.99% 28.27% 19.09% 18.71%
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