TOWN OF CARY
OPERATING BUDGET    
ORDINANCE
Text Box: BE IT ORDAINED by the Town Council of the Town of Cary, North Carolina, that the following anticipated fund revenues and expenditures by function, together with a financial plan for Internal Service Funds, certain Fee and Charge Schedules, and with certain restrictions and authorizations, are hereby appropriated and approved for the operation of Town Government and its activities for the Fiscal Year beginning July 1, 2008, and ending June 30, 2009.
SECTION 1.   GENERAL FUND
ANTICIPATED REVENUES
Current Year Ad Valorem Taxes $62,809,799
Prior Year Taxes $300,000
Penalties & Interest on Taxes $70,000
ABC Revenue $407,330
Wake County Sales Tax - 1 Cent (Article 39) $11,980,858
Wake County Sales Tax - 1/2 Cent (Articles 40 & 42) $8,658,698
Wake County Sales Tax - 1/2 Cent (Article 44) $4,677,804
Privilege Licenses $1,484,339
Occupancy Tax $764,513
Pet Licenses $5,500
Utility Franchise Taxes $2,586,480
Wine and Beer Tax $530,287
Wireless E911 Fund $0
Gov's Highway Program Grant $54,297
Wireless Communications Sales Tax $1,629,755
Rental Vehicle Tax $74,222
High School Resource Officer Reimbursement $151,352
Other Restricted/Grants $515,190
Building Permits $3,520,161
Pavement/Curb Cuts $20,691
Rezoning/Variance Request Fees $48,595
Site/Final Plan Review Fees $114,522
Bldg./Elect./Mech./Plumbing Inspections Fees $819,101
Sign Permits $24,136
Fire Permits $31,322
Watershed Maint. Fees $400,211
Traffic Impact Analysis Reimbursement $677,000
Grading Permits $254,662
Sanitation Fees $6,550,252
Used Appliance Disposal $25,000
Recreation Program Fees $759,825
Recreation Retail Sales $43,461
Dog Park $42,000
Skate Park $141,000
Ticket Sales $33,600
Athletic Fees $617,000
USA Baseball $313,105
Tennis $772,000
Arts & Crafts Fees $279,000
Soccer Park $529,000
Festivals $122,525
Recreation Facility Rentals $269,693
Cultural Arts Rentals $45,000
Rents-Fire $222,226
Hazardous Waste Reimbursement $5,000
Interest Earned $1,980,220
Miscellaneous Revenues $400,000
Cable TV Franchise Fees $722,190
Court Costs $15,157
Donations $47,200 $47,200
Recycled Goods $108,000 $108,000
Red Light Ticket $15,000
Cellular Tower Lease Proceeds $528,888
DMV Rental Revenue $47,850
Appropriation From Fund Balance $1,385,812
  Total Anticipated Revenues $118,630,829
SECTION 1.   GENERAL FUND (continued)
AUTHORIZED EXPENDITURES/TRANSFERS OUT
General Government $29,889,614
Public Safety $35,245,664
Parks, Recreation and Cultural Resources $10,727,712
Public Works $26,563,862
Departmental Allocation Accounts ($1,317,533)
Class & Pay Study $43,530
Market Adjustment on Pay Schedule $25,000
Installment Purchase / Related Fees $704,767
Long Term Debt / Related Fees $13,567,448
Reimbursement from Utility Fund - Indirect Costs ($2,133,223)
Reimbursement from Internal Service Fund ($205,542)
      Subtotal - Expenditures $113,111,299
Inter-Fund Transfers:
  Capital Project Funds $4,087,778
   Transit Fund $1,466,490
   Self-Insurance Fund ($231,533)
  Transfer to Health & Dental $321,795
   Sale of Assets ($125,000)
      Subtotal - Transfers (net) $5,519,530
 
  Total Authorized Expenditures/Transfers $118,630,829
SECTION 2. UTILITY FUND
ANTICIPATED REVENUES/TRANSFERS IN
Interest Earned $1,625,141
Miscellaneous Revenues $70,000
Proceeds from Sale of Assets $10,000
Utility Inspection Fees $502,318
Water Service Fees $20,864,930
Sewer Service Fees $24,050,949
Connection Fees $400,000
Reconnection Fees $45,000
Water Capacity Charges-RDU/Chatham Co. $285,391
Cross Connection Program Fees $360,000
Reinstallment Fees $20,000
New Account Service Charge $200,000
Bulk Water/Hydrants $156,560
Water Wholesale Sales $117,963
Raw Water Sales $111,534
Sewer Extension Permits $15,000
Pretreatment Program $65,000
FOG Fees $50,000
Returned Check Charge $5,150
Late Payment Charge $163,000
  Total Anticipated Revenues $49,117,936
AUTHORIZED EXPENSES/TRANSFERS OUT
(TRANSFERS IN)  BY DEPARTMENT
  Water Conservation $844,182
  Pretreatment $385,669
  Utility Systems Maintenance $3,053,075
  North Cary WRF $6,665,867
  South Cary WRF $3,675,506
  Cary/Apex Water Plant $5,555,120
  Reimbursement from Apex ($1,122,988)
Finance Department:  Customer Accounting Division $2,157,357
Allocation Account ($75,000)
Self-Insurance $221,333
Long Term Debt $12,606,762
Bond Proceeds $150,000
Reimbursement to General Fund - PW/UT Dept. $10,008,032
Reimbursement to General Fund - Indirect Costs $2,133,223
Capital Projects - Open Space and Parkland Acquisition $1,000,000
Transfer to Utility Capital Reserve $1,114,817
Appropriation From (To) Fund Balance $744,981
  Total Authorized Expenditures/Transfers $49,117,936
SECTION 3. TRANSIT FUND
ANTICIPATED REVENUES
Transfer from General Fund $1,466,490
Fees/Vehicle License Fee
$469,186
Federal Transit Grant $1,100,000
State Grant $240,000
Transportation / C - Tran Tickets $247,639
Appropriation From Fund Balance $300,000
  Total Anticipated Revenues $3,823,315
AUTHORIZED EXPENDITURES
Operating Expenses $3,823,315
  Total Anticipated Expenditures $3,823,315
SECTION 4. COMMUNITY DEVELOPMENT BLOCK GRANT FUND
The Community Development Block Grant (CDBG) is a multi-year award from the US Department of Housing and Urban Development (HUD).  Under HUD regulations, CDBG funds must be expended within five years of award.  The CDBG budgets will remain effective and will not expire for the entire five year period.
ANTICIPATED REVENUES
Federal Grant $450,746
  Total Anticipated Revenues $450,746
AUTHORIZED EXPENDITURES
Unallocated Expenses $450,746
  Total Anticipated Expenditures $450,746
SECTION 5. ECONOMIC DEVELOPMENT STRATEGIC FUND
ANTICIPATED REVENUES
Appropriation from Fund Balance
$930,000
  Total Anticipated Revenues $930,000
AUTHORIZED EXPENDITURES
Operating Expenses $930,000
  Total Anticipated Expenditures $930,000
SECTION 6. POLICE SEPARATION ALLOWANCE FUND
ANTICIPATED REVENUES
Transfer from General Fund
$242,853
  Total Anticipated Revenues $242,853
AUTHORIZED EXPENDITURES
Police Separation Allowance $242,853
  Total Anticipated Expenditures $242,853
SECTION 7. SELF INSURANCE (WORKMAN'S COMP & SMALL CLAIMS) FUND
ANTICIPATED REVENUES
Transfer from General Fund $943,467
Transfer from Utility Fund $221,333
Transfer from ISF Fleet Management $10,200
  Total Anticipated Revenues $1,175,000
AUTHORIZED EXPENDITURES
Expenditures $1,175,000
  Total Anticipated Expenditures $1,175,000
SECTION 8. SELF INSURANCE (HEALTH & DENTAL) FUND
ANTICIPATED REVENUES
Transfer from General Fund $6,034,880
Transfer from Utility Fund $1,415,750
Transfer from ISF Fleet Management $65,242
Retiree Coverage $321,795
Dependent Premium Revenue $2,313,662
  Total Anticipated Revenues $10,151,329
AUTHORIZED EXPENDITURES
Expenditures $10,151,329
  Total Anticipated Expenditures $10,151,329
SECTION 9. 911 FUND
ANTICIPATED REVENUES
Wireless E911 Fund $232,217
Wired E911 Fund $190,215
  Total Anticipated Revenues $422,432
AUTHORIZED EXPENDITURES
Expenditures $308,573
Appropriation To Fund Balance $113,859
  Total Anticipated Expenditures $422,432
SECTION 10. FLEET MANAGEMENT FUND
ANTICIPATED REVENUES
Parts $113,475
Fuel $376,002
Labor $600,000
Outsourcing Fee $21,926
Interest $20,000
  Total Anticipated Revenues $1,131,403
AUTHORIZED EXPENSES
Operating Expenses $880,926
Transfer to Self Insurance $215,742
Appropriation To Fund  $34,735
  Total Authorized Expenses $1,131,403