JAMES E. MARTIN
AMY H. CANNON
County Manager
Assistant County Manager
JUAN ITA PILGRIM
Deputy County Manager
OFFICE OF THE COUNTY MANAGER
5
th
Floor, New Courthouse
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PO Box 1829
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Suite 512,
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Fayetteville, North Carolina 28302-1829(910) 678-7723 / (910) 678-7726
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Fax (910) 678-7717
June 1, 2009
COUNTY OF CUMBERLANDBUDGET MESSAGE FY2010
TO: The Chairman and Members of the Board of County CommissionersSubmitted herewith is the recommended County budget for FY2010. The budget was developedon the modified accrual basis of accounting and is balanced in accordance with the NorthCarolina General Statutes. The budget as submitted meets the County Commissioners’ objectivesof decreasing the tax rate to a revenue neutral rate, maintaining current staffing levels andemployee compensation, while continuing to provide levels of service that our citizens expect.The recommended FY2010 General Fund budget of $273,470,933 represents a decrease of $2,565,029 or 0.93% less than the FY2009 adopted General Fund budget of $276,035,962. Thecounty wide property tax rate required to support the recommended budget has been reduced by9.4 cents to 76.6 cents per $100 valuation; the revenue neutral tax rate with growth. Thedifference between General Fund recurring expenditures and projected recurring revenuerequires an appropriation of $5,461,504 from fund balance. This amount is in keeping with theCounty’s Fund Balance Policy of limiting the appropriation to an amount that can be sustainedon a recurring basis. In addition, another $1,211,346 has been appropriated for one-timeexpenditures, $500,000 is appropriated from the Health Department’s fund balance to be appliedtoward debt service on their new building and $178,220 has been appropriated from thecommunications fund balance. The remaining undesignated fund balance is 10.00%. Each onecent on the tax rate generates $1,895,354 in real, personal and motor vehicle taxes based on acollection rate of 98.13% for real and personal property and 80.56% for motor vehicles.In addition to the above, $3,258,222 has been designated for deferred maintenance andrenovation projects; $1,175,000 for tax office software; $3,604,488 for renovation to the “old”Health Department building; and $3,375,000 for the City’s Hope VI project. This total amount of $11,412,710 is not included in the Recommended Budget, but rather will represent a designationof General Fund fund balance in the County’s FY2009 audit report and will be budgeted asneeded.
Celebrating Our Past…Embracing Our Future
EASTOVER - FALCON – FAYETTEVILLE - GODWIN - HOPE MILLS - LINDEN - SPRING LAKE - STEDMAN - WADE
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