Learn more about the budget process for fiscal year 2015
July 2, 2014 — At its June 16 meeting the Cabarrus County Board of Commissioners adopted to maintain the 70 cent ad valorem tax rate and approve the County Manager’s proposed budget with several amendments.
To view details of the amendments in their entirety, click here
The total FY15 adopted budget is $220,454,949, of which the adopted FY15 General Fund Budget is $209,643,419.
County staff identified the amendments will have a financial impact of $3,920,112 on the proposed FY15 General Fund Budget. The Board of Commissioners has directed staff to move the $3,920,112 into the County’s School Construction Fund for the improvement and construction of facilities.
Commissioners also voted to reallocate funding from the proposed FY15 Capital Projects Fund Budget in the amount of $2.7 million (originally dedicated to updates at Camp T. N. Spencer Park and the construction of Rob Wallace Park) for school improvements and roof repairs.
The amendments will also have an impact of $278,721 on the proposed FY15 Special Revenue Fund Budget (Cabarrus Arena and Events Center) and no change to the proposed FY15 Enterprise Fund Budget (Construction and Demolition Landfill).
At the May 19 Cabarrus County Board of Commissioners meeting County Manager Mike Downs presented the proposed budget for FY15
. The balanced budget included a recommended General Fund Budget of $209,684,590.
The Board of Commissioners held budget work sessions on May 27, 29 and June 2, and a public hearing on June 16.