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<br />May 31, 2005 - Recessed Meeting
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<br />199
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<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 TUesday, May 31, 2005, at 4:00 p.m. to begin
<br />review of the proposed FY 2005-06 Cabarrus County Budget.
<br />
<br />Present - Chairman: Carolyn B. Carpenter
<br />Vice Chairman: Robert W. Carruth
<br />Commissioners: Robert M. Freeman
<br />Joni D. Juba
<br />Coy C. Privette
<br />
<br />Also present were John D.
<br />County Manager for Operations;
<br />Administration; and Kay Honeycutt,
<br />
<br />Day, County
<br />Pam Dubois I
<br />Deputy Clerk
<br />
<br />Manager; Mike Downs, Deputy
<br />Deputy County Manager for
<br />to the Board.
<br />
<br />Chairman Carpenter called the meeting to order at 4:03 p.m.
<br />
<br />Chairman Carpenter gave the invocation.
<br />
<br />Change of Meeting Time for the June 6th Work Session
<br />
<br />By consensus, the Board changed the starting time of the June 6 Work
<br />Session from 3:30 p.m. to 4:30 p.m. in order to attend a presentation
<br />ceremony at Oiles Americas, Inc., in Concord.
<br />
<br />FY 2005-06 Budget
<br />
<br />Pam Dubois, Deputy County Manager, presented a new budgetary tool
<br />called the "Total General Fund Report". This report showed what was spent in
<br />each line item for all county departments, compared it to what was budgeted,
<br />and showed the percentage of change.
<br />
<br />John Day, County Manager, presented a new budgetary tool called the
<br />"Program Funding Matrix". The Matrix categorized each County program
<br />according to service and funding requirements. The Programs were identified
<br />as follows: mandated programs with required funding levels; mandated programs
<br />with discretionary funding levels; and discretionary programs with
<br />discretionary funding.
<br />
<br />Debt Service
<br />
<br />Pam Dubois, Deputy County Manager, presented the proposed budget for
<br />Debt Service. She reported the County has $218,344,484.00 in outstanding
<br />debt as of June 30, 2005 for the following projects: School Bonds (GO Bonds)
<br />$93,282,382.00; Rowan Cabarrus Community College (RCCC) GO Bonds $579,206.00;
<br />Coddle Creek Reservoir GO Bonds $3,943,413.00; Schools Lease Financing
<br />$1,801,483.00; Schools Installment Payment Revenue Bonds $21,000,000.00;
<br />Schools - COPS $76,279,250.00; Arena and Events Center COPS $17,100,750.00;
<br />and RCCC - Lease Financing $4,358,000.00. She further reported approximately
<br />$26,621,139.50 is due in FY 2006 for principal and interest, which is
<br />equivalent to 19 cents of the tax rate.
<br />
<br />Ms. Dubois responded to questions on sales tax and bank service charges
<br />and briefly reviewed several funding instruments.
<br />
<br />Register of Deeds
<br />
<br />Linda McAbee,
<br />Register of Deeds.
<br />than last year's and
<br />
<br />Register of Deeds, presented the proposed budget for the
<br />She reported this year's budget is 1.43 percent lower
<br />projected 43,000 documents will be recorded.
<br />
<br />UPON MOTION of Vice Chairman Carruth, seconded by Commissioner Juba and
<br />unanimously carried, the Board approved the proposed budget for the Register
<br />of Deeds as presented.
<br />
<br />Board of Commissioners
<br />
<br />The budget for the Board of Commissioners was reviewed. A small error
<br />in the employee headcount was identified and noted for correction. Chairman
<br />Carpenter suggested the "Consultants" line item be reduced by $10,000.00.
<br />
<br />UPON MOTION of Vice Chairman Carruth, seconded by Chairman Carpenter
<br />and unanimously carried, the Board approved the proposed budget for the Board
<br />of Commissioners as presented with the exception of the "Consultants" line
<br />item, which was reduced by $10,000.00.
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