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Department/Program Budget Page
<br />Each department /program has a budget page that gives the reader a general description of the
<br />department or program, and projected outcomes for the upcoming budget year. Outcomes are
<br />performance expectations stated in quantitative and qualitative terms. Measures provide the reader with
<br />historical workload and performance indicators for each department /program. Budget Highlights explain
<br />budget fluctuations or other relevant information pertaining to the department or program. For the larger
<br />departments with several divisions, the budget also contains a summary page of that department.
<br />Financial Services
<br />210018 -019
<br />21009 -110,
<br />2010 -1'..1
<br />210,1'..011
<br />Department/Program Budget Page
<br />Dutcotme Measures
<br />Actual
<br />Actua.l'.
<br />Budget
<br />Estimate
<br />Projected
<br />provides general description of
<br />department.
<br />2008 -09 2009 -10 2010 -11 2010 -11 2011 -12 2011 -12
<br />12.1%
<br />Actual
<br />Actual
<br />Original
<br />12 -Month Department Commissioner
<br />Expenditures Expenditures Budget Estimate Requested Approved
<br />3y Category (General Fund)
<br />Percent of time Payroll Compleledtwro
<br />1I0�0%
<br />Account: 2200
<br />Provides current and historical fiscal
<br />information for each category:
<br />lersonnel Services $ 750,017 $ 827,120 $ 703,367 $ 723,160 $ 878,234 $ 878,234
<br />Dperations
<br />$ 176,999 $
<br />164,661 $
<br />163,675 $
<br />148,933 $ 173,426 $ 173,426
<br />Personnel Services, Operations, and
<br />:apital Outlay
<br />rotal Expenditures
<br />$ 0 $ 1,540 $ 0 $ 0 $ 0 $ 0
<br />$ 927.016 $ 993.320 $ 867.042 $ 872.093 $ 1.051.660 $ 1.051.660
<br />Capital Outlay.
<br />-ounty Costs (net)
<br />$ 927,016 $
<br />993,320 $
<br />867,042 $
<br />872,093 $ 1,051,660 $ 1,051,660
<br />rotal Financial Services and
<br />2elated Expenditures
<br />$ 927,016 $
<br />993,320 $
<br />867,042 $
<br />872,093 $ 1,051,660 $ 1,051,660
<br />Major Services
<br />.Accounting andf'iscal control in accordance with Generally Accepted AccountingPrinciples(GA P)
<br />and North Carolina General Statutes to ensure Sound financial condition is Maintained
<br />Revenues properly deposited and reported and sufficient cash on
<br />Prompt and efficient payment of all County Obligations
<br />Accurate and timely payroll processing for all County employees
<br />FY 2010 -11 outcomes
<br />Debt service on bonds and installnierttpurchases is rnetwith 100 percent accuracy. No penalties
<br />for late payment.
<br />Maintain excellent credit rating through soundfinancialpolicies andpractices and strong financial
<br />condition.
<br />.. Monitor delstto ensure compliance with debt management policy.
<br />Increase the bond ratings from Moody 's and Standards and Foors to Aa1 and.AA+ respectively.
<br />.Audit and financial statements completed as regulred by the Local Government Commission.
<br />FY 2011 -12 Fiiscall Year Objectives
<br />Ccmpletethe County's ComperhensiveAnnual Financial Report by October 31, 2811.
<br />Fund balance Mleets budgetedgoals of 10 percent or greater.
<br />Monitorf'inancial transactions to insure compliance with Fiscal Control.Act,tak:ing corrective action
<br />when necessary resulting in no More than bxo finance related management points, and retain the
<br />GFOA Certificate of Achievernentfor Excellence to Financial Reporting.
<br />Ensure timely payment of debt service. Plan, execute and oversee debt issuance to comply with
<br />the Fiscal Control Act and ensure fund availabilityfor designated capial projects.
<br />Budgiet Highlights
<br />Held vacant Financial Services Coordinator position open for 9 months generating $18,913 in
<br />savings, and hold vacant the Budget and Management Analyst I position open for 10 months
<br />generating $19,962.
<br />Increased the bonded debt ratings for Moody's and S &P to Aal and A.A+ respectively
<br />Issued the CAFR. by October 31, 2010 and resolved all of the auditf'indings from the priorthree
<br />fiscal years.
<br />Associated activities to this program
<br />are shown as a cross - reference when
<br />applicable. These expenditures are
<br />made elsewhere in the budget. Not
<br />on this particular page.
<br />Major Services - general description
<br />of the services of the department.
<br />Outcomes and Measures - measure
<br />the success and performance of the
<br />department, over time.
<br />Budget Highlights - describes
<br />significant budget changes, during
<br />the current and upcoming fiscal year.
<br />14
<br />210018 -019
<br />21009 -110,
<br />2010 -1'..1
<br />210,1'..011
<br />21011- .1,2
<br />Dutcotme Measures
<br />Actual
<br />Actua.l'.
<br />Budget
<br />Estimate
<br />Projected
<br />Unassigned Fund Balance percent of
<br />12%
<br />12.1%
<br />12.1%
<br />16%
<br />16%
<br />General Fund Expenditures
<br />Percent of time Payroll Compleledtwro
<br />1I0�0%
<br />1I0�G%
<br />1GD%
<br />10x0 °5
<br />100%
<br />days prior to payday
<br />FY 2011 -12 Fiiscall Year Objectives
<br />Ccmpletethe County's ComperhensiveAnnual Financial Report by October 31, 2811.
<br />Fund balance Mleets budgetedgoals of 10 percent or greater.
<br />Monitorf'inancial transactions to insure compliance with Fiscal Control.Act,tak:ing corrective action
<br />when necessary resulting in no More than bxo finance related management points, and retain the
<br />GFOA Certificate of Achievernentfor Excellence to Financial Reporting.
<br />Ensure timely payment of debt service. Plan, execute and oversee debt issuance to comply with
<br />the Fiscal Control Act and ensure fund availabilityfor designated capial projects.
<br />Budgiet Highlights
<br />Held vacant Financial Services Coordinator position open for 9 months generating $18,913 in
<br />savings, and hold vacant the Budget and Management Analyst I position open for 10 months
<br />generating $19,962.
<br />Increased the bonded debt ratings for Moody's and S &P to Aal and A.A+ respectively
<br />Issued the CAFR. by October 31, 2010 and resolved all of the auditf'indings from the priorthree
<br />fiscal years.
<br />Associated activities to this program
<br />are shown as a cross - reference when
<br />applicable. These expenditures are
<br />made elsewhere in the budget. Not
<br />on this particular page.
<br />Major Services - general description
<br />of the services of the department.
<br />Outcomes and Measures - measure
<br />the success and performance of the
<br />department, over time.
<br />Budget Highlights - describes
<br />significant budget changes, during
<br />the current and upcoming fiscal year.
<br />14
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