|
7
<br />Five Year Financial Plan - One
<br />114 Sales Tax Option in FY2012 and Freeze Expenditures at FY2011 Levels
<br />189,535,576
<br />191,353,246
<br />184,981,325
<br />188,269,202
<br />GENERAL FUND
<br />One Time Revenue Sources
<br />Capital Reserve Funds
<br />Adjust for appeals
<br />Reval
<br />440,000
<br />100,000
<br />Budgeted Revenues for:
<br />2011
<br />2012
<br />2013
<br />2014
<br />2015
<br />Estimated operating revenues from
<br />previous fiscal year
<br />197,223,716
<br />189,535,576
<br />191,353,246
<br />184,981,325
<br />188,269,202
<br />Change resulting from Revaluation
<br />-
<br />-
<br />(10,172,002)
<br />-
<br />-
<br />Annual Change in Property Taxes
<br />(2,939,951)
<br />(1,999,652)
<br />1,315,959
<br />2,082,396
<br />2,947,630
<br />Register of Deeds Fees
<br />1,080
<br />180,000
<br />177,000
<br />217,000
<br />220,000
<br />Building Inspection Fees
<br />(391,000)
<br />200,000
<br />200,000
<br />250,000
<br />250,000
<br />Increase (Decrease) in other Revenues
<br />(2,895,032)
<br />-
<br />-
<br />-
<br />-
<br />Growth (Dec) in Sales taxes
<br />(392,203)
<br />401,322
<br />543,122
<br />692,481
<br />851,751
<br />Addition of 1/4 cent sales tax for education cost
<br />3,036,000
<br />1,564,000
<br />46,000
<br />46,460
<br />Reduction in Taxes - Article 39 and Article 44 (Medicaid)
<br />(1,071,034)
<br />-
<br />-
<br />-
<br />"
<br />Total Re- occurring Revenues
<br />189,535,576
<br />191,353,246
<br />184,981,325
<br />188,269,202
<br />192,585,043
<br />One Time Revenue Sources
<br />Capital Reserve Funds
<br />940,000
<br />110,000
<br />440,000
<br />100,000
<br />-
<br />Capitalized Interest Proceeds - School Debt
<br />3,967,669
<br />3,967,669
<br />-
<br />-
<br />Grants (Library/Staff for Food Council)
<br />170,354
<br />70,354
<br />Cont from Capital Projects Funds
<br />5,700,000
<br />Lottery Proceeds
<br />-
<br />Fund Balance
<br />-
<br />Total Revenues
<br />194,613,599
<br />201,201,269
<br />185,421,325
<br />188,369,202
<br />192,585,043
<br />Budgeted Expenditures for:
<br />Estimated operating expenditures from
<br />previous fiscal year
<br />189,996,364
<br />192,533,245
<br />199,506,102
<br />198,804,959
<br />198,371,882
<br />RCCC Current Expense Funding
<br />53,714
<br />School Current Expense Funding:
<br />Current Operations
<br />1,500,000
<br />Building and Grounds Maintenance
<br />-
<br />Opening New Schools
<br />-
<br />New Debt Service
<br />Housing Unit for Detention Center
<br />3,100,000
<br />(154,250)
<br />(124,000)
<br />(124,000)
<br />(145,000)
<br />School Debt
<br />2,149,154
<br />4,735,000
<br />(142,050)
<br />(197,950)
<br />(224,400)
<br />Parking Deck
<br />Retirement of Debt Service
<br />(1,184,755)
<br />(842,492)
<br />(1,485,616)
<br />(180,503)
<br />(896,788)
<br />Fulfilled /Added Econ Dev Incentive Grants
<br />(186,080)
<br />52,065
<br />(371,477)
<br />25,376
<br />(216,625)
<br />Maximum County Contribution for NC Research Campus
<br />-
<br />1,422,000
<br />44,000
<br />43,700
<br />Salaries and Benefits:
<br />Reduction in Workforce
<br />(2,475,204)
<br />-
<br />-
<br />-
<br />COLA
<br />1,680,553
<br />Restored Position - Soil & Water
<br />49,024
<br />Retirement IncentivelVacation payouts (estimated)
<br />250,000
<br />-
<br />New Positions inclusive of all benefits - Detention Unit
<br />863,631
<br />2,922,534
<br />Increase in operational cost for the Housing Unit
<br />-
<br />260,000
<br />Increase (Decrease) in Contingency
<br />263,883
<br />-
<br />Misc. Increases (Decreases) in Operational Expenditures
<br />(3,627,202)
<br />Vehicles New & Replacements - General Govt
<br />Building Maintenance Repairs
<br />-
<br />Cabarrus Health Alliance Funding
<br />100,163
<br />Total Operating Expenditures
<br />192,533,245
<br />199,506,102
<br />198,804,959
<br />198,371,882
<br />196,932,769
<br />Funding for Capital Projects:
<br />Capital Improvement Plan - Capital Reserve Funds
<br />940,000
<br />110,000
<br />440,000
<br />100,000
<br />-
<br />Capital Improvement Plan - General Fund Monies
<br />1,070,000
<br />1,070,000
<br />1,070,000
<br />1,070,000
<br />1,070,000
<br />Staff position for Food Council
<br />70,354
<br />70,354
<br />-
<br />-
<br />-
<br />Total Expenditures
<br />194,613,599
<br />200,756,456
<br />200,314,959
<br />199,541,882
<br />198,002,769
<br />Revenues over (under) Expenditures
<br />-
<br />444,813
<br />(14,893,634)
<br />(11,172,680)
<br />(5,417,726)
<br />Estimated Unreserved Fund Balance
<br />58,436,158
<br />58,880,971
<br />43,987,337
<br />32,814,657
<br />27,396,931
<br />as a % of Current Budget
<br />30.03%
<br />29.33%
<br />21.96%
<br />16.44%
<br />13.84%
<br />Property Tax Rate
<br />.631100
<br />.631100
<br />.63 1100
<br />.63/100
<br />.631100
<br />Total Debt Service Payments
<br />42,269,653
<br />46,007,911
<br />44,256,245
<br />43,753,792
<br />42,487,604
<br />as a % of Current Budget
<br />21.72%
<br />22.92%
<br />22.09%
<br />21.93% 21.46%
<br />Attachment number 1
<br />G -4
<br />Page
<br />145
<br />E
<br />r
<br />
|