2005 - 06-06-05 Regular Meeting - Laserfiche WebLink

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Commissioners: Herbert A. Hincks, Chairman W. Chad Adams, Vice-Chairman Jerry M. Lemmond Robert (Bob) Brown Nathan (Ed) Paschal Robert T. Reives Amy L. Stevens IN COUry TI C~ ~ ~ t)uiiA O~~r7 CAAU~~ OFFICE OF THE n r t- V PACE 45iJ David M. Smitherman County Manager dsmithcnnan a leecountynacom Gaynell M. Lee Assistant to the Count), Manager Clerk to the Board glee n leecountynacom COUNTY MANAGER MEMORANDUM TO: All Commissioners FROM: Commissioner Robert Reives P-La/Ll/ S( f~yrt.~✓ DATE: May 27, 2005 RE: Items to consider for an 82 cents tax rate In order to adequately fund the County's budget for the next two years, I feel that the Board should consider an 82 cents tax rate for the upcoming year. Listed below are items to be considered in either the FY 2005-06 bu dget or the FY 2006-07 budget. $ 377,382 Cost of Living Adjustment (3%) $ 425,000 Second half of pay and classification study $ 374,714 Lee County Schools (Based on 3% growth in revenues) $ 49,026 CCCC (Based on 3% growth in revenues) $ 44,350 Retiree Insurance Program (Based on 10 more employees being eligible) EDC Incentives - I am not sure what may be in the hopper) $ 249,260 Sheriffs vehicles (currently funded from fund balance need to be operational expenses) $ 72,000 Computer replacement schedule currently funded from fund balance need to be operational expenses) $ 79,000 Medicaid (3% growth) $ 22,500 Increase in 1% capital reserve funding due to overall budget increases $1 ,000,000 Purchase of land for CCCC $ 25,000' CCCC security study $ 400,000- Security for 3 Lee County locations of CCCC $ 500,000 $2,000,000' Floyd Knight Gym $ 243,000' Capital increase for schools $ 250,000 Merit pay $ 350,000' Tramway Road Park project (amount dependent on grant funding) Notes: (1) All numbers are estimates. (2) If we want to meet our goal of having a 4 year tax rate between revaluations, we are going to have to consider that we will be taking tax payers monies prior to the point that we need them. (3) 34 cents of tax rate will go to Lee County Public Schools; 5 cents of tax rate will go to CCCC. A Items that can be considered in 2005-2006 if taxes are raised to 82 cents per hundred. This budget workshop document (dated 5/27/05) does not represent my desire to raise taxes, for I remain very fiscally conservative on money matters, its sole purpose is to present the facts, as discussed with the County Manger and Finance Director, regarding our budget demands and provide food for thought. P. O. Box 1968, 106 Hillcrest Drive, Sanford, North Carolina 27331-1968 (9.19) 718-4605 FAX: (919) 777-9315