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3 <br /> 1 Gary Donaldson said yes. <br /> 2 Commissioner McKee asked if the projected growth for this year is known. <br /> 3 Gary Donaldson said the projected growth was for the increased debt service. He said <br /> 4 this amount also includes a fund balance appropriation of$8.2 million. He said for FY 2020 <br /> 5 there was no fund balance appropriation that was used. <br /> 6 Commissioner McKee asked if the appropriated fund balance is down, are projected <br /> 7 revenues ahead or behind from what was originally projected. He said it is his understanding <br /> 8 that revenues were originally projected to be down considerably. <br /> 9 Gary Donaldson said the sales tax difference is $3 million. He said the revenue and <br /> 10 expenditure trends have no alarms at this point, since this was based on the property tax <br /> 11 revenue, which usually peaks at the end of the calendar year. <br /> 12 Paul Laughton, Deputy Financial Services Director, said the Intergovernmental Account <br /> 13 reflects the CARES Act funding, which was a huge driver for the overall 2.92% increase in <br /> 14 revenues. <br /> 15 Commissioner McKee said he is curious for numbers that have atypical revenue sources <br /> 16 removed, in order to get a clearer picture of the actual situation. <br /> 17 <br /> 18 Slide #6 <br /> 19 <br /> 20 Property Tax Revenues <br /> 21 �"ro T.mlmcrs re]65sdlk mdrrm .b.*K-pve.UA de"Mm <br /> wr do H"W-O w,ae 0.*WM 1wn <br /> 22 Seim do mx .AKme pam nrwss ndmWnmmc Aa ud <br /> VYa AY iT,Wa�I'�sin4•r e C Wuv,].dVO lreppRrty'y�rNl n1h4 hY <br /> 23 <br /> 24 � �mar>Ydcarl9�d Ve Nxuvdoe n>4<ncwrta+eeml6[n4es�kola <br /> 25 ��M1ad vN -tW nx4 rrt A ftnr k@W MA Ire L}XMI <br /> �a � a <br /> 26 W wde mesh w(ieonik rtl�cF—A d.w C[rse b mm�,A.IN <br /> 27 <br /> 28 Slide #7 <br /> 29 <br /> 30 Sales Tax Revenues <br /> 31 .M1 T'MaVreenuc ram 14 Poi.N M0.••.�d@e,m INTM mtbhW <br /> 32 m dhMmx rKv ncd a Ntt,k Coe.. v NC70,Wtfaw dlwmias <br /> itt kha 62%t kf.Ar OID.4rs rm rd PrNpctSYe rn¢a A Amfth%C ALI <br /> 33 Ulm r*K.a t or'"m drurrd 4wxw"Wxi m34 <br /> de <br /> ;., <br /> 35 <br /> • r�ryawnwmrn hrru,es r+ra wcaw++rcan <br /> 36Ea . <br /> 37 <br /> 38 <br /> 39 Slide #8 <br /> 40 <br /> 41 Sales Tax Annual Trend <br /> 42 „s <br /> 43 <br /> 44 <br /> 45 15 <br /> is,6rek15.m 52]p11S18.6F 513.,1GMl.l]5 a39s7tlm <br /> 46 <br /> 47 <br /> 48 Commissioner Price asked if the negative 9% was budgeted. <br /> 49 Gary Donaldson said yes. <br /> 50 <br /> 51 <br />