Agenda - 06-28-1994-IX-A - Laserfiche WebLink

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5 Attachment 1 Summary of Changes A. Changes to Manager's Recommended Budget The following modifications to the County Manager's Recommended Budget were made by the Board of County Commissioners at their June 15, 1994, Budget Worksession: A-1) One additional Deputy Sheriff I (1.0 Full-time Equivalent) position, Salary Grade 66, is added to the recommended new positions. This position will be effective September 1, 1994. The adjustment to the Manager's Recommended Budget, Public Safety function is an additional $28,464. A-2) A $26 per pupil increase in the current expense appropriation for Schools from a recommended level of$1,425 per pupil to an approved level of$1,451 per pupil. The current expense appropriation for each school system is adjusted as follows: Orange County Schools by $145,132, from $7,954,350 to $8,099,482 Chapel Hill/Carrboro City Schools by $197,080, from $10,801,500 to $10,998,580. A-3) All increases in County travel were deleted. Since a portion of the travel increase in departments with an increase in the travel line item had been offset in the Recommended Budget by reductions in the travel line in other departments, the impact of eliminating all increases in the travel line item is a net budget reduction of$13,533. Of this total amount, $10,458 is reallocated to partially offset increases approved by the Board of Commissioners to the budget, such as the additional Deputy I position. Revenue is adjusted by $3,075 ($1,732 in intergovernmental revenues for reimbursements related to travel and $1,343 decrease in the fund balance appropriation). A-4) The Board of Commissioners adopted the Manager's Recommendation to earmark $50,000 for Human Services Reform. This initiative is being funded by reducing County Funds for Human Services agencies by $42,000 and the appropriation to outside agencies by $8,000. These reductions equal approximately one half of one percent of the County appropriation to these functions. Miscellaneous expenditures are increased by a total of $50,000 to budget for this initiative. A-5) A favorable interest rate received at the bond sale on June 14, 1994, of the remaining $30 million in bonds authorized by the voters in the $52 million referendum in 1992, reduced the County's six month interest payment by approximately $142,500. However on June 17, 1994, staff learned from the Local Government Commission that the structure of the bond sale requires a seven month interest payment in February, 1995, rather than the six month interest payment for which staff had planned. This increases the amount of debt service payment that must be budgeted in 1994-95. This additional month's interest,