The information contained in this document is intended to accomplish the following:

• Explain how tax dollars are used
• Enhance accountability
• Promote transparency
• Describe departments and programs
• Inform the Board of Commissioners

The Fiscal Year 2024 (FY24) Budget goes from July 1, 2023 to June 30, 2024. The following sections are included in the document:

This section provides a Reader’s Guide, County Profile and details of the strategic planning process.

This section provides the County Manager’s overview of the FY24 Budget. The budget message explains funding priorities for the year focusing on new funding.

This section provides the fund structure, fund relationships, financial policies and budget process.

This section provides a summary of revenues and expenditures.

This section provides a summary of the county’s funds including:

· General Fund

· Community Investment Fund

· Landfill Fund

· 911 Emergency Telephone Fund

· Cabarrus Arena and Events Fund

· Fire Districts Fund

· Social Services Fund

· Intergovernmental Fund

· Workers Compensation and Liability Fund

· Health and Dental Insurance Fund

This section provides position information by department. In addition, this section includes new positions funded.

FIVE YEAR FINANCIAL PLAN

This section provides a forecast of revenues and expenditures over a five-year period for the general fund.

CAPITAL IMPROVEMENT PLAN

This section provides the Capital Improvement Plan (CIP) for a five-year period. The CIP funds large construction and repair projects for the county. Projects for Cabarrus County Schools, Kannapolis City Schools and Rowan-Cabarrus Community College (RCCC) are also included.

EDUCATION

This section provides information on funding for Cabarrus County Schools, Kannapolis City Schools and Rowan-Cabarrus Community College.

DEBT SERVICE

This section provides the county’s current and future debt obligations. It also includes the county’s legal debt margin.

SUPPLEMENTAL INFORMATION

This section provides the supplemental information such as a glossary and index.