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<br />Fiv Year Financial Plan - Two
<br />114 Sales Tax Option in FY2012 and Freeze Expenditures at FY2012 Levels
<br />GENERALFUND
<br />2014
<br />Budoeted Revenues for:
<br />2011
<br />Estimated operating revenues from
<br />184, 981, 32 5
<br />previous fiscal year
<br />197,223,716
<br />Change resulting from Revaluation
<br />Annual Change in Property Taxes
<br />(2,939,951)
<br />Increase in Property Tax
<br />-
<br />Register of Deeds Fees
<br />1,080
<br />Building Inspection Fees
<br />(391,000)
<br />Increase (Decrease) in other Revenues
<br />(2,895,032)
<br />Growth in Sales taxes
<br />(392,203)
<br />Addition of 1/4 cent sales lax for education cost
<br />401,322
<br />Reduction in Taxes - Article 39 and Article 44 (Medicaid)
<br />(1,071,034)
<br />Total Re- occurring Revenues
<br />189,535,576
<br />One Time Revenue Sources
<br />46,000
<br />Capital Reserve Funds
<br />940,000
<br />Capitalized Interest Proceeds - School Debt
<br />3,967,669
<br />Grants (Library/Staff for Food Council)
<br />170,354
<br />Cont from Capital Projects Funds
<br />Lottery Proceeds
<br />Fund Balance
<br />Adjust for appeals Revel
<br />2012
<br />2013
<br />2014
<br />2015
<br />189,535,576
<br />191, 353, 246
<br />184, 981, 32 5
<br />188, 269, 202
<br />(10,172,002)
<br />(1,999,652)
<br />1,315,959
<br />2,082,396
<br />2,947,630
<br />180,000
<br />177,000
<br />217,000
<br />220,000
<br />200,000
<br />200,000
<br />250,000
<br />250,000
<br />401,322
<br />543,122
<br />692,481
<br />851,751
<br />3,036,000
<br />1,564,000
<br />46,000
<br />46,460
<br />800,000
<br />192, 585, 043
<br />191, 353, 246
<br />'184,9811,325
<br />188, 269, 202
<br />110,000
<br />440,000
<br />100,000
<br />-
<br />3,967,669
<br />-
<br />-
<br />70,354
<br />New Debt Service
<br />5,700,000
<br />Housing Unit for Detention Center
<br />Budgeted Expenditures for:
<br />Estimated operating expenditures from
<br />previous fiscal year
<br />189,996,364
<br />192,533,245
<br />201,648,960
<br />200,947,817
<br />200,514,740
<br />RCCC Current Expense Funding
<br />53,714
<br />27,783
<br />School Current Expense Funding:
<br />Current Operations
<br />1,500,000
<br />800,000
<br />Building and Grounds Maintenance
<br />-
<br />40,000
<br />Opening New Schools
<br />-
<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 />-
<br />-
<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 />-
<br />CO LA
<br />1,680, 553
<br />1, 212, 840
<br />Restored Position - Soil R Water
<br />49,024
<br />-
<br />Retirement IncentiveNacation Payout (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 in Operational Expenditures
<br />(3,627,202)
<br />-
<br />-
<br />-
<br />-
<br />Cabarrus Health Alliance Funding
<br />100,163
<br />62,235
<br />Total Operating Expenditures
<br />192,533,245
<br />201,648,960
<br />200,947,817
<br />200,514,740
<br />199,075,627
<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 />Contribution to Capital Reserve Fund
<br />-
<br />-
<br />-
<br />-
<br />-
<br />Staff position for Food Council
<br />70,354
<br />70,354
<br />-
<br />Total Expenditures
<br />194,613,599
<br />202,899,314
<br />202,457,817
<br />201,684,740
<br />200,145,627
<br />Revenues over (under) Expenditures
<br />-
<br />(1,698,045)
<br />(17,036,492)
<br />(13,315,538)
<br />(7,560,584)
<br />Estimated Unreserved Fund Balance
<br />58,436,158
<br />56,738,113
<br />39,701,621
<br />26,386,083
<br />18,825,499
<br />as a % of Current Budget
<br />30.03%
<br />27.96%
<br />19.61%
<br />1308%
<br />9.41%
<br />Property Tax Rate
<br />.631100
<br />.63/100
<br />.631100
<br />.63/100
<br />.63/100
<br />Total Debt Service Payments
<br />42,2.69,653
<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 />22.68%
<br />21.86%
<br />21.69%
<br />21.23%
<br />Attachment number 1
<br />G -4 Page 146
<br />Total Revenues 194,613,599 201,201,269 185,421,325 188,369,202 192,585 043
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