![]() “Part of working for the state and spending your career serving the citizens of North Carolina is not that you came to get rich,” she said. She said there is an employee shortage in state government jobs and that there are not enough people to fill the positions that provide critical public services. Suzanne Beasley, the government relations director for the State Employees Association of North Carolina, said the organization would like to see pay increases for all state government employees and retirees. Chamber hopes the compromise budget will include an elimination of North Carolina’s regressive franchise tax and modernization of state transportation funding. 1 state in the country for business - that wasn’t by accident,” he said. Chamber, said the business advocacy group is hopeful that state leadership will create a budget that supports the state’s economy and job creation. Jake Cashion, the vice president of government affairs for N.C. He said funding for transportation modernization is one of his personal priorities for the budget, as well as the expansion of behavioral health services across the state. But, the final implementation of this expansion, Woodward said, is contingent on the adoption of a budget. Roy Cooper - expands Medicaid eligibility to include the majority of adults who make less than 133 percent of the federal poverty level. Woodard said there is a lot of pressure to pass a budget that implements the Medicaid expansion that was passed by the General Assembly in March. “It takes a lot of time and it requires a lot of conversation and some negotiation back and forth between all the members of the conference committee,” he said. He said it is challenging to include the priorities of all the legislators working on the compromise budget. Senate budget’s acceleration of proposed tax cuts are the most notable differences between the two budget proposals. House budget’s larger raises for state employees and the N.C. General Assembly are currently working on a compromise budget proposal for the 2023-24 fiscal year - but it may not be completed until early July. The result of this intense analysis of new and previously approved projects demonstrates to the City Council and our Citizens the investment that is being made to maintain vital infrastructure and plan for future needs.Republican members of the N.C. Staff continually update the CIP with new estimates as the year for funding approaches. The CIP is a forecast of capital projects that is used in planning the annual budget. Annual Comprehensive Financial Report - Year Ended J(PDF)Ī Capital Improvement Plan (CIP) captures infrastructure and facility needs.Annual Comprehensive Financial Report- Year Ended J(PDF). ![]() Copies are also available for public viewing in the City Clerk’s office and the Onslow County Public Library. Upon completion, the report is distributed to City Council, several state and federal agencies, bond rating agencies and financial institutions. The report includes the City’s financial statements, which provide an overview of the City’s financial position as a whole, a statistical section reflecting social and economic data and financial trends, and the independent auditor’s report. Once the audit is completed, staff prepares the Annual Comprehensive Financial Report in accordance with generally accepted accounting principles (GAAP). BudgetsĪfter the end of each fiscal year, the City of Jacksonville undergoes an audit by an independent accounting firm of the City’s financial records and procedures. Once all decisions are made, and the budget is adopted, Finance staff prepares the budget book and provides copies to Council and the City Manager. Budget workshops are held beginning in April, and a public hearing is held so Citizens can voice their questions and concerns about the proposed budget. In other words, total expenditures cannot exceed the amount of revenues and appropriated fund balance.īy State statute, the proposed budget must be delivered to the Mayor and Council no later than June 1 and adopted before July 1. 159-13), which require that the budget be balanced. The City budget is adopted annually for the fiscal year beginning July 1 through June 30 in accordance with North Carolina General Statutes (G.S. Through the City budget, the Mayor and City Council determine the level of funding for City operations and services, as well as funding for capital projects.
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