Chowan County Manager's Recommended Budget 2021-2022 Overview
The Chowan County Manager, Kevin Howard, has recommended a budget for FY 2021-2022 with details on property tax information, general fund revenues, revenue sources, and fund expenditures. The proposed budget includes information on assessed tax values, tax rates, revenue sources, and expenditures by function.
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Presentation Transcript
CHOWAN COUNTY MANAGER S RECOMMENDED BUDGET 2021-2022 Kevin Howard County Manager May 3, 2021
Property Tax Information Assessed Tax Values FY 20-21 - $1,476,060,702 FY 21-22 - $1,486,879,822 Change - % of Increase .73% Collection Rates Real and Personal 98.39% (prior year 98.44%) Motor Vehicle - 100% (prior year 100%) 2021 Budgeted Property & MV Tax Revenue - $11,261,874 1 cent = $146,514.89 Current Tax Rate - $0.755 Manager s Recommended Tax Rate - $0.755 (No Increase) $ 10,819,120
General Fund Revenues by Service MGR MGR Recommended Revenue FY 2022 Recommended Revenue FY 2022 % of Gen Fund Budget Service Ad Valorem Taxes $11,261,874 69% 5%0%3% 2% 4% Ad Valorem Taxes Sales Tax $2,824,987 17% Sales Tax 17% Departmental $664,074 4% Departmental Permits and Fees 69% Permits and Fees $377,969 2% Miscellaneous Other Taxes Miscellaneous $738,436 5% Fund Balance Other Taxes $50,806 0% Fund Balance $442,113 3% Total Revenues $16,360,259 100%
General Fund Revenue Sources FY 2022 Property Tax Revenue $0.755 proposed tax rate and 98.39% collection (100% MV) $11,261,874 annual revenue $18,171 (.16%) increase from 2021 Budget Sales Tax Revenue $2,824,987 annual revenue which is $719,592 (34%) up from 2021 Budget Other Revenue $1,831,285 annual revenue - $46,073 (2.5%) increase from 2021 Budget Fund Balance Appropriations $442,113 in FB $184,436 (29%) down from 2021 Budget
General Fund Expenditures by Function Proposed General Fund Expenditures by Function FY 2021-2022 MGR MGR Recommended Expenditures FY 2022 Recommended Expenditures FY 2022 % of Gen Fund Budget Function Public Safety (Sheriff/SRO, 911, Jail, Animal Control/Shelter) 2% Public Safety (Sheriff/SRO, 911, Jail, Animal Control/Shelter) $6,298,831 38% Education (ECPS,COA, Library) 15% 38% Education (ECPS,COA, Library) $4,358,197 27% 18% Government (Elections, ROD, Tax, Admin) 27% Government (Elections, ROD, Tax, Admin) $2,884,887 18% Human Services (Rec, Health & Mental Health, Ag, SR Citizens) Human Services (Rec, Health & Mental Health, Ag, SR Citizens) $2,512,761 15% Other Services (Planning, Forestry) Other Services (Planning, Forestry) $305,583 2% Total Expenditures $16,360,259 100%
General Fund Expenditures FY 2022 Salaries & Benefits $5,126,450 annual - $28,630 (.5%) decrease from 2021 Adopted Budget Other Expenditures $7,457,249 (excludes transfers) $440,387 (6%) increase from 2021 Budget DSS Transfer $922,971 is $164,966 (6%) over 2021 Adopted Budget EMS Transfer $1,128,689 is $76,014 (17%) over 2021 Adopted Budget Debt Service Transfer $1,624,900 from General Fund no change from 2021 Adopted Budget Reval Transfer $100,000 from General Fund - $31,240 (24%) decrease from 2021 Adopted Budget Total General Fund Expenditures - $16,360,259 - $599,400 (3.8%) over 2021 Budget
More to come in More to come in Budget Workshops . Budget Workshops . Dates: May 19 and May 28
