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January 25, 2014 (Board Retreat)
<br />Page 1992
<br />The Board of Commissioners for the County of Cabarrus met in recessed
<br />session in the Multipurpose Room at the Cabarrus County Governmental Center
<br />in Concord, North Carolina on Saturday, February 25, 2014 at 8:30 a.m.
<br />Present - Chairman:
<br />Vice Chairman:
<br />Commissioners:
<br />Elizabeth F. Poole
<br />Larry M. Burrage
<br />Christopher A. Measmer
<br />Stephen M. Morris
<br />Jason A. Oesterreich
<br />Also present were Mike Downs, County Manager; Jonathan Marshall, Deputy
<br />County Manager; Pam Dubois, Deputy County Manager and Megan Smit, Clerk to
<br />the Board.
<br />Chairman Poole called the meeting to order at 8:33 a.m.
<br />Welcome and Introductory Remarks
<br />County Manager Mike Downs welcomed staff and guests to the Governmental
<br />Center and reviewed the retreat agenda for the day.
<br />Projected Revenues - 2015 / 2016 Revaluation
<br />Brent Weisner, Tax Administrator, presented an overview of the
<br />revaluation process. He described the point -based system versus the grading
<br />system and explained the benefits of using Pictometry for revaluation and
<br />assessment purposes.
<br />During the presentation, Mr. Weisner addressed the following
<br />information and responded to a variety of questions from the Board. Chris
<br />Ferriss, Real Property Manager and David Thrift, Real Property Supervisor,
<br />were also in attendance.
<br />Pictometry Review Project Results
<br />Change in Real Property Value by Year - Post Revaluation
<br />Estimated
<br />4 th 4 th
<br />Sale Quarter Quarter
<br />Year Ratio Ratio
<br />Revaluation 2011 98.68
<br />2012 100.42
<br />2013 97.63
<br />2014 94.92
<br />Proposed
<br />Revaluation 2015 92.29
<br />Estimated
<br />% of Total
<br />Change in Adjustment Change in
<br />Market for Vacant market Tax
<br />Value Lot Sales Value Year
<br />2012
<br />-1.76& 0.381 -1.38% 2013
<br />1.061 0.38% 1.44% 2014
<br />3.81% 0.39% 4.19% 2015
<br />6.47% 0.381 6185% 2016
<br />Preliminary Value Estimates 2014/2015
<br />January 3, 2014
<br />Estimated
<br />Value Increase
<br />Budget Due to 2016
<br />Year Revaluation
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017 $1,361,514,558
<br />2010
<br />2011
<br />2012
<br />2013
<br />2014
<br />2015
<br />Project
<br />County
<br />$15,890,155,856
<br />$1,594,061,251
<br />$310,983,313
<br />$1,589,788,280
<br />$19,384,944,000
<br />2013/2014
<br />Total
<br />Parcels
<br />$1,570,962,562
<br />$304,841,483
<br />51,584,853,842
<br />$19,068,304,733
<br />% Change
<br />1.81%
<br />Reviewed
<br />11,171
<br />71,349
<br />1.66%
<br />82,526
<br />Parcels
<br />Visited/Changed
<br />212
<br />4,247
<br />$0
<br />3,054
<br />3,500
<br />1,914
<br />12,927
<br />Value Increase
<br />$2,327,900
<br />$46, 636, 307
<br />$0
<br />613,688,510
<br />$15,687,552
<br />$8,578,850
<br />85,919,119
<br />Average
<br />Change /Parcel
<br />$10,981
<br />$10,981
<br />1 $0
<br />1 $4,482
<br />1 $4,482
<br />1 $4,482
<br />1 $6,724
<br />Change in Real Property Value by Year - Post Revaluation
<br />Estimated
<br />4 th 4 th
<br />Sale Quarter Quarter
<br />Year Ratio Ratio
<br />Revaluation 2011 98.68
<br />2012 100.42
<br />2013 97.63
<br />2014 94.92
<br />Proposed
<br />Revaluation 2015 92.29
<br />Estimated
<br />% of Total
<br />Change in Adjustment Change in
<br />Market for Vacant market Tax
<br />Value Lot Sales Value Year
<br />2012
<br />-1.76& 0.381 -1.38% 2013
<br />1.061 0.38% 1.44% 2014
<br />3.81% 0.39% 4.19% 2015
<br />6.47% 0.381 6185% 2016
<br />Preliminary Value Estimates 2014/2015
<br />January 3, 2014
<br />Estimated
<br />Value Increase
<br />Budget Due to 2016
<br />Year Revaluation
<br />2013
<br />2014
<br />2015
<br />2016
<br />2017 $1,361,514,558
<br />T]l -- -1,
<br />The Board took a short break at 9:20 a.m. The meeting resumed at 9:47
<br />a.m.
<br />Five Year Plan / 2015 General Fund Budget
<br />Ann Wilson, Finance Director, presented a PowerPoint presentation of
<br />the Five Year Plan and 2015 General Fund Budget. Items addressed included
<br />the following:
<br />• Overview of Financial Awards and Ratings
<br />• Overview of Current Year
<br />• Overview of Next Year
<br />Jurisdiction
<br />Real
<br />Personal
<br />Public
<br />Service
<br />Motor Vehicles
<br />Estimated Value
<br />2014/2015
<br />County
<br />$15,890,155,856
<br />$1,594,061,251
<br />$310,983,313
<br />$1,589,788,280
<br />$19,384,944,000
<br />2013/2014
<br />County
<br />$15,607,646,846
<br />$1,570,962,562
<br />$304,841,483
<br />51,584,853,842
<br />$19,068,304,733
<br />% Change
<br />1.81%
<br />1.47%
<br />2.00%
<br />0.31%
<br />1.66%
<br />T]l -- -1,
<br />The Board took a short break at 9:20 a.m. The meeting resumed at 9:47
<br />a.m.
<br />Five Year Plan / 2015 General Fund Budget
<br />Ann Wilson, Finance Director, presented a PowerPoint presentation of
<br />the Five Year Plan and 2015 General Fund Budget. Items addressed included
<br />the following:
<br />• Overview of Financial Awards and Ratings
<br />• Overview of Current Year
<br />• Overview of Next Year
<br />
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