HomeMy WebLinkAboutC.054.93011_1154the 37% increase in school debt service. Operating expense of county government
shows a 7.38% increase; however, as a percentage of the total, this is actually a 1%
decrease.
School Appropriations: The current expense appropriation for the Iredell-Statesville
Schools is a 6.28% increase, or $1,618,946. The Mooresville Graded Schools has an
overall current expense increase of 7.58% or an actual increase of $442,131. The per
pupil rate of both goes from $1,263 to $1,310.
Personnel: Thirty-seven (37) new positions were requested. Only 32 positions are
being recommended. Of the increase, 'h of the new employees will be in human
services [DSS (10), Health (2)]. Approximately '/3 will go to emergency services
[Sheriff (6), ECOM (2), Fire Marshal (1)]. All the new positions are in response to the
rapid growth and the demand for increased service. Also included is a 2.5% across the
board increase and another 2.4% set aside for merit increases following employees'
evaluations. Also incorporated into the budget are funds to implement the next round of
position reviews and market adjustments.
Capital Reserve Fund: The proposed budget increases the appropriation into the Capital
Reserve Fund from $1,500,000 to $2,000,000. This will increase our Capital Reserve
Fund balance from $1,150,164 to $1,665,664. This will allow us to complete the
renovation of the old DSS building for Planning and Enforcement, as well as making
some improvements to several other projects.
Fund Balance: If the budget is approved as recommended, the fund balance will be at
or near 13'/2%.
Closing: The budget as recommended is based on a tax rate of 46%2 cents per $100
valuation and a tax base of $15,084,650,000 and a collection rate of 96.94%.
Budget Review Dates: The board agreed to begin budget review sessions at 5:30 P.M.
on the following dates:
Tuesday, May 16 (South Wing Conference Room)
Thursday, May 18 "
Thursday, May 25
The public hearing is set for Tuesday, June 6 and the anticipated budget adoption date is
Tuesday, June 20.
CLOSED SESSIONS: OTIO by Chairman Tice to enter into Closed Session at
10:30 P.M., pursuant to Economic Development - G.S. 143-318.11 (a) (4) and
Legal - G.S. 143-318.11 (a) (3).
VOTING: Ayes — 5; Nays — 0.
(Return to Open Session at 11:10 P.M.)
ADJOURNMENT: OTIO by Chairman Tice to adjourn the meeting at 11:10
P.M. (Next Meeting: Budget review session on May 16, 2006 at 5:30 P.M., in the South
Wing Conference Room of the Iredell County Government Center, 200 South Center
Street, Statesville, NC.
VOTING: Ayes — 5; Nays — 0.
Approved: 4-.3 D(.
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