Transcript GENERAL EXPENSE

GENERAL EXPENSE
FY 2012-2013 Proposed Budget
Christine Moody,
Budget & Financial Planning Manager
Purpose
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Consolidation of Non-departmental
mandated and essential payments and
services that cannot otherwise be
allocated to individual departments.
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Debt Service
Special Services & Projects
Tourism
Title III
Risk & Benefits
General Fund
Debt Service
County limited by ORS 287.053 to carry debt on limited tax full faith & credit
bonds of no more than 1% of real market value on taxable property within the
county. ORS 287.054 similarly provides a debt limit on general obligation bonds
of 2% of real market value.
TOTAL OUTSTANDING DEBT: $103.5 million
Total FY 12-13 Debt Service Payments: $12.6 million
Special Services & Projects
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Economic Development
◦ Funded primarily with Video Lottery from State of Oregon
 50/50 split between general allocation program and economic
development strategic investment projects.
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Courthouse Facility Security
◦ Revenue from court fines, fees & assessments. Expenditures
must develop or implement court security improvement.
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Capital Projects
◦ Juvenile Justice Center construction fund – contains balance of
voter approved GO-bonds. Remaining balance is completing
remodel of National Guard Armory on Serbu Youth Campus.
Done in FY 12-13
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County School Funds
◦ National Forest Svc & State Timber Harvest Payments (now that
Secure Rural Schools has ended). Transfer all funds to Lane
Education Service District which transfers to county schools.
Transient Room Tax
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Transient Room Tax revenue for enhancement of
Visitor Industry which is in the business of attracting
and providing services and accommodation to
support the convention business and tourism.
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Travel Lane County (fna CVALCO)
Capital Improvements (Lane Events Center)
Lane County Historical Museum
Rural Tourism Program
Special Projects
Parks
Receipts of tax show slow economic recovery.
Olympic Trials in summer 2012 will provide boost.
Title III
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Secure Rural Schools (SRS) provided federal
funding for timber dependent counties in regions
with substantial holdings of federal forests. Title
III portion of this funding used exclusively for:
◦ Firewise Communities program
 Lane County has a grant program run through Land
Management in Public Works. Encourages local solutions for
wildfire safety.
◦ Search & Rescue and other Emergency programs
 Search & Rescue, Wildland Policing, National Dunes &
Communication tower upgrades
◦ Wildfire Protection Plans
 Lane County developed under prior SRS legislation.
Title III
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Lane County receipt of Title III revenue:
All Title III funding is eliminated with the
expiration of the SRS legislation.
Reserves of these funds - $2.1 million – is
being spent in FY 12-13. Public Safety
services are stable, while Firewise Program is
being reduced from $1.1 million in FY 11-12
to $512,000 in FY 12-13.
Risk & Benefits
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Risk Fund
◦ Fund holds reserves for payment of both general liability and
workers’ compensation claim payments.
◦ County began paying for excess liability insurance in FY 10-11 as
a result of increases in Tort Claims limits by the legislature.
◦ Due to higher litigation, Risk Fund began paying for one attorney
in County Counsel office beginning July 1, 2012
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Benefits Fund
◦ Health, Dental, PERS, Deferred Comp, all employer taxes
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Retiree Benefit Fund
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Retiree Medical insurance benefit (no longer given to new EEs)
Unemployment Reserve.
◦ County is self-insured and receives quarterly bill. Anticipated
that majority of reserve ($1 million) will be spent with FY 12-13
layoffs. Rate may increase in FY 13-14.
General Fund
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Revenue & expenses required to meet
Countywide operating requirements within the
General Fund.
◦ REVENUE
 Property Tax Revenue
 Cigarette, Liquor, Car Rental and Amusement taxes
 Timber Payments from O&C Lands
◦ EXPENDITURES
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Debt Service transfers
Legal ad expenses
Association Dues – separate attachment
Metro TV, etc
Prudent Person and Service Stabilization reserve
General Fund
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General Fund Reserve Policy
◦ 5% Prudent Person – ‘emergency reserve’
◦ 5% Economic Stabilization Reserve
 Use of this reserve can be approved through budget
process. Committee should consider trends:
 Revenue growth below 2.5% annually
 Unemployment rate in excess of 7% (March 2012=8.3%)
 If used, should restore in 2 fiscal years.
General Fund
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Reserve History
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FY 12-13 General Fund Reserve is $6.8 million, or
10% of operating revenue.