Agenda Package - 05-17-10 - Laserfiche WebLink

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G 012 LEE COUNTY Committed Today for a Better Tomorrow BUDGET WORK SESSION OF THE LEE COUNTY BOARD OF COMMISSIONERS 106 HILLCREST DRIVE SANFORD. NORTH CAROLINA 27330 MAY 3, 2010 A budget work session of the Lee County Board oflGomipissioners for the County of Lee, State of North Carolina, convened at 12 Noon in the Gordon} Icker Conference Room, Lee County Government Center, 106 Hillcrest Drivetjjdanford, NortHiCarolina, on said date. Commissioners present were Amy M. Dalrymple„ ,0chard B. Hayes, James C. Kelly, Larry "Doc" Oldham, Nathan E. Paschal, and Linda A.il$igpk. Commissioner Robert T. Reives joined the meeting at 12:30 p.m. Staff in atten ace included County Manager John Crumpton, County Attorney K. R. Hoyle, Deputy Attorne~jjDale Talbert, Finance Director Lisa Minter, and Clerk to the Board Gaynell LE 11111j11, 0 1I 1~~►1111111 Chairman Hayes called the work se ~js'on to order and turned the meeting over to County Manager John Crumpton,11111g11 The first part of the irr iitg~i 411fvbdldiscussion of the Capital Improvement Program for FY 2011-2015. Mr. Crumpton stated that several projects have been removed from the request and a couple offitlerlw ones 1li~ye entered the plan. The total capital funds requested from departments forlSel neSct, ive years totaled $85,315,877. This is a $23 million decrease from the requested pl'n last yefr. The County Manager's recommended five-year plan totals $57,585,008. The planjj'nclues renovations and improvements at Lee County High School which the Commissionersjjha~re already agreed to fund. Funding for required renovations to the dam at San-Lee Park is1also a major reason at a cost of $1.4 million. Mr. Crumpton stated the County will have difficulty funding new major capital expenditures in the next three fiscal years' budgets unless the voters approve general obligation bonds for specific projects or a tax rate increase is approved by the Board. Mr. Crumpton presented his recommended FY 2010-11 Budget in keeping the current tax rate of 75 cents per $100 valuation. The total budget presented is $60,636,073 and represents an increase of 1.29 percent from the FY 2009-10 original budget and a 4.13 percent decrease over the current amended FY 2009-10 budget. Mr. Crumpton stated in order to maintain the current tax rate over the next several years will be extremely difficult given the current situation the State of North Carolina faces with its budget. The Xcent sales tax that • will be effective in July and our capital reserve fund will cover the increase in debt for the high school renovation project and fits into our debt service program. With or without the project,