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June 16, 2003 Page 161
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<br />Merit and Development pay raises for the payrolls of April 11, 2003,
<br /> April 25, 2003, May 9, 2003, May 23, 2003 and June 6, 2003 ($126,391),
<br /> hospitalization increase ($91,635). Local Governmental Employees
<br /> Retirement rate effective July 01, 2003 increase from 4.89% to 4.92%
<br /> ($10,641) totaling $228,667.
<br />
<br />General Fund FY 2004 Preliminary Budget changes reflects a net increase
<br /> of $ 333,696. Revenues increased $54,887 and additional fund balance
<br /> appropriation of $278,809.
<br />
<br />Landfill Fund:
<br />~ Personal Services Adjustments:
<br /> Merit and Development pay raises for the payrolls of April 11, 2003,
<br /> April 25, 2003, May 9, 2003, May 23, 2003 and June 6, 2003 ($752),
<br /> hospitalization increase ($1,192) Local Governmental Employees
<br /> Retirement rate effective July 1, 2003 increase from 4.89% to 4.92%
<br /> ($37) totaling $1,981.
<br /> Landfill Fund FY 2004 Preliminary Budget changes reflects a net increase
<br /> of $1,981.
<br />
<br />THE CABARRUS ARENA AND EVENTS CENTER FUND: Personal Services Adjustments:
<br /> Merit and Development pay raises for the payrolls of April 11, 2003,
<br /> April 25, 2003, May 9, 2003, May 23, 2003 and June 6, 2003 ($5,446),
<br /> hospital increase ($1,043) Local Governmental Employees Retirement
<br /> rate effective July 1, 2003 increase from 4.89% to 4.92% ($327)
<br /> totaling $6,816.
<br /> Building and Grounds expense decrease of $495 and Office Supplies expense
<br /> decrease of $122.
<br /> The General Services Department will provide cleaning for the Arena and
<br /> Events Center effective July 01, 2003. A Facility Cleaning Services
<br /> budget was implemented totaling $182,500. The Cabarrus Arena and
<br /> Events Center Janitorial Supplies budget was reduced $7,500 and the
<br /> Purchased Services/Cleaning Service was reduced $75,000 totaling
<br /> $82,500.
<br /> A Cabarrus County Convention and Visitors Bureau contribution of $100,000
<br /> will help offset operating expenses.
<br /> The Cabarrus Arena and Events Center Fund FY 2004 Preliminary budget
<br /> reflects a net increase of $106,199.
<br />
<br />CABARRUS COUNTY CONVENTION AND VISITORS BUREAU:
<br /> The Cabarrus County Board of Commissioners tentatively agreed to increase
<br /> the Occupancy Tax rate from five cents ($.05) to six cents ($.06). The
<br /> Board scheduled a public hearing on July 21, 2003 to consider the
<br /> adoption of a resolution approving the increase effective September 1,
<br /> 2003. An estimated revenue and expenditures increase of $162,984.
<br />
<br />Motion was made on May 29, 2003, by Commissioner Privette, seconded by
<br />Commissioner Carpenter to affirm the action taken by the Cabarrus County
<br />Convention and Visitors Bureau Board (Tourism Authority) as follows:
<br />
<br />A motion was made by John Cox with a second by Eddie
<br />Littlefield to place all the funds that currently reside in
<br />the capital account, plus any additional funds collected by
<br />June 30, 2003, into a reserve account to be used specifically
<br />for a grants program for event acquisition and/or promotion in
<br />succeeding years. Motion carried.
<br />
<br />A motion was made by John Cox with a second by Diane Honeycutt
<br />to designate any unallocated operating fund balance remaining
<br />on June 30, 2003 above and beyond the 8% as designated by this
<br />board as operating reserve, for operational contingencies.
<br />Motion carried.
<br />
<br />The Cabarrus County Budget Ordinance for Fiscal Year 2003-2004 as adopted by
<br />the Board was as follows:
<br />
<br />Ordinance No. 2003-06
<br />
<br /> CABARRUS COUNTY
<br />BUDGET ORDINANCE
<br />FISCAL YEAR 2003-2004
<br />
<br /> BE IT ORDAINED by the Board of Commissioners of Cabarrus County, North
<br />Carolina:
<br />
<br />
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