| FY2006-2007 Budget Adopted |
06/20/2006 - On Monday, June 5, 2006, the Alamance County Board of Commissioners unanimously adopted a budget for FY2006-07. The adopted budget sets the ad valorem tax rate at 57.5 cents, an increase of 1.25 cents from the current rate. You can download a copy of the budget ordinance here at our website (in Adobe Acrobat format - download the Adobe Reader here).
| FY2005-2006 Budget Adopted |
| 06/20/2005 - On Monday, June 20, 2005, the Alamance County Board of Commissioners adopted a budget for FY2005-2006. The adopted budget sets the ad valorem tax rate at 56.25 cents, an increase of 5.25 cents from the current rate. For a copy of the proposed budget document, see our Budget Information page. | |
| FY2005-2006 Manager's Recommended Budget Now Available |
5/16/2005 - On Monday, May 16, 2005, Alamance County Manager David Cheek presented his recommended budget for FY2005-2006. The proposed budget includes a 5.5 cent property tax increase for the General Fund. All budgeted funds for the County total $123 Million, up from the current year's $110 Million adopted budget. For a copy of the proposed budget document, see our Budget Information page.
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| Finance System RFP: Q&A No. 1 Released |
6/30/2004 - The County has released Questions and Answers Summary #1 regarding the financial management and human resources software RFP. This document is a summary of questions of a general nature that may help all vendors in preparing their responses along with the County's answers. All vendors responding should refer to this document in conjunction with the RFP.
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| Jail Financing Bids Received Today |
6/25/2004 - Alamance County received bids today on proposed financing agreements for the County's jail expansion project. A preliminary tally sheet has been prepared and is now available. County staff will be reviewing the proposals next week to identify a recommendation to take to the Board of Commissioners at their July 19th meeting. We would like to thank all of the bidders.
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| RFP for New Financial Management Software Released |
6/24/2004 - The Finance Department is pleased to announce the availability of a Request for Proposals for a Financial Management and Human Resources software package. This software will replace the County's primary accounting systems. Interested firms should download the RFP for more instructions on how to submit a proposal. The deadline for submissions is July 23, 2004, at 11:00 a.m.
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| More Financing RFP's Available |
| 6/9/2004 - The County has released additional RFP's for financing packages. One of them is for the $10M jail project. The other is for $400,000 worth of vehicles set to be purchased as part of the 2004-2005 budget.
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| Final FY2004-2005 Budget Adopted |
6/3/2004 - The Board of Commissioners for Alamance County adopted a budget ordinance for FY2004-2005 last night. The adopted budget includes a reduction in the property tax rate from 52 cents to 51 cents per hundred dollars of assessed valuation. To achieve this reduction, two changes were made on the expenditure side, mainly affecting the General Fund only.
The first change was to change the performance pay system for the County. The original proposal called for performance pay increases to be granted from 1% - 5% based on employee performance. The adopted budget has reduced this to 0% - 4% based on performance. Management is predicting this will reduce the average performance pay increase from 3.9% to only 3.0%.
The second change is a 1% reduction in the budgets of most operating departments. There were a few departments not included in this reduction based on the fact that they are fixed costs or represent grant funds.
Overall, the cuts to the General Fund were slightly more than $1.1M. |
| Fund Balance Information |
| 6/2/2004 - In recent days, there has been a great deal of discussion regarding the status of the County's fund balance. Questions about the appropriate size of the fund balance, how it is created, and others, have come through my office. In hopes of helping to clear up some of the confusion, I've prepared a document that hopefully answers some of these questions. I've also provided some information regarding our current and projected fund balance amounts. You may want to review this material, although I am certainly glad to entertain any questions you may have regarding fund balance. |