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Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6
<br />Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to
<br />ect Budget Funding 2013 -14 2014 -15 2015 -16 2016 -17 2017 -18 2018 -19 Total Year 10
<br />General Fund Related Operating Costs
<br />Personnel Services
<br />Operations
<br />New Debt Service
<br />Total Operating Costs
<br />Revenues /Funding Source
<br />Article 46 Sales Tax- Economic Development
<br />1,612,500
<br />1,366,000
<br />1,386,490
<br />1,407,287
<br />1,428,398
<br />1,449,824
<br />1,471,572
<br />7,143,571
<br />7,695,650
<br />Article 46 Sales Tax - CHCCS
<br />990,125
<br />840,090
<br />852,690
<br />865,482
<br />878,464
<br />891,640
<br />905,013
<br />4,393,290
<br />4,732,812
<br />Article 46 Sales Tax - OCS
<br />622,375
<br />525,910
<br />533,800
<br />541,807
<br />549,934
<br />558,183
<br />566,555
<br />2,750,279
<br />2,962,824
<br />Total
<br />3.225.000
<br />2.732.000
<br />2.772.980
<br />2.814.576
<br />2.856.796
<br />2.899.647
<br />2.943.140
<br />14.287.140
<br />15.391.286
<br />Project Description /Justification
<br />The Article 46 (1/4 cent) Sales Tax was approved by the voters in the November 2011 election, and became effective April 1, 2012. The anticipated revenue generated in FY 2013-
<br />14 is $2,732,000, with an assumption of 1.5% growth in subsequent years. 50% of the proceeds are for Economic Development initiatives, and 50% of the proceeds for Education
<br />(allocated by the ADM count of the two school districts). Prior Years Funding reflects $2,600,000 in FY 2012 -13 and FY 2011 -12, when proceeds of $625,000 were estimated for the
<br />April -June 2012 quarter.
<br />*Note: The Board of County Commissioners approved a Water and Sewer Agreement with the City of Mebane at its June 19, 2012 meeting, whereby the City of Mebane reserves
<br />250,000 gallons per day of capacity in the Mebane water and sewer system at a cost of $50,000 per year for a period of 10 years. At such time as the County makes the tenth and
<br />final payment of $50,000, the City shall assume responsibility for determing capacity in the service area. The annual cost would be reduced as the reserved capacity in the Mebane
<br />system is allocated to new customers in the areas served.
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