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May 22, 2018 (Budget Meeting)
<br />Page 3562
<br />requested the Board of Commissioners approve the Cabarrus County Tourism
<br />Authority FY19 budget.
<br />There was discussion following the presentation. During discussion, Ms.
<br />Carpenter, Mr. Mills, Mike Downs, County Manager, and Jonathan Marshall, Deputy
<br />County Manager, responded to questions from the Board.
<br />UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Shue and
<br />unanimously carried, the Board suspended its Rules of Procedure in order to
<br />take action on this item due to time constraints.
<br />UPON MOTION of Vice Chairman Honeycutt, seconded by Commissioner Shue and
<br />unanimously carried, the Board approved the Cabarrus County Tourism Authority's
<br />FY2019 budget totaling $5,757,614, in accordance with Article IV, Room Occupancy
<br />and Tourism Development Tax, Tourism Authority of the Cabarrus County Code of
<br />Ordinances.
<br />EDC - Presentation of the FY 2019 Budget Request
<br />Robert Carney, Jr., Economic Development Corporation (EDC), Executive
<br />Director, provided an overview of the EDC's projects for the upcoming.year and
<br />the FY 2019 budget request. In addition to his budget detail, Mr. Carney
<br />presented a PowerPoint presentation related to the following topics:
<br />• 2017 by the Numbers / 2017 in Review
<br />• New Initiatives Launched
<br />• Looking Ahead
<br />• Program of Work
<br />• Budget Request
<br />Cabarrus Economic Development, Inc.
<br />Proposed Fiscal Year 2019 Budget
<br />2018-2019 Proposed
<br />Budget
<br />Revenue
<br />Cabarrus County 5
<br />400,000.00
<br />Other Municipal Revenue
<br />141,500.00
<br />Private & Other Sources
<br />137,500.00
<br />Restricted Advertising
<br />15,000.00
<br />694,000.00
<br />Expenses
<br />Payroll Related
<br />Wages
<br />302,172.37
<br />Payroll Taxes
<br />22,381.79
<br />Retirement Expense
<br />22,118.47
<br />401(k)Expense
<br />14,628.62
<br />Health insurance
<br />30,996.00
<br />We Insurance
<br />132.00
<br />Workmen's comp
<br />321.83
<br />Bonus
<br />6,875.00
<br />399,626.07
<br />Program Expenses
<br />Marketing/Advertising
<br />60,000.00
<br />Comm/Industr Investor relations
<br />14,638.93
<br />Restricted Advertising
<br />15,000.00
<br />89,638.93
<br />Operations
<br />Administrative
<br />25,000.00
<br />Rent
<br />48,177.00
<br />Insurance
<br />5,675.00
<br />Audit &Tax Return
<br />7,000.00
<br />Bookkeeping
<br />4,500.00
<br />Bank Charges
<br />300.00
<br />Office Supplies
<br />2,520.00
<br />Computer Supplies
<br />2,700.00
<br />Tech Support
<br />1,188.00
<br />Auto Expenses
<br />1,500.00
<br />Telephone
<br />3,000.00
<br />Property Taxes
<br />175.00
<br />Dues & Subscriptions
<br />64,000.00
<br />Database Subscriptions
<br />11,000.DD
<br />
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