Transcript Document

Budget Workshop
June 8, 2012
Millage & Ad Valorem History
FY 05/06 – FY 12/13 Proposed
Actual
FY 05/06
Actual
FY 06/07
Actual
FY 07/08
Actual
FY 08/09
Actual
FY 09/10
Actual
FY 10/11
Adopted
FY 11/12
Estimated
FY 12/13
Countywide Value
$ 23,764,413,952
$ 30,275,942,171
$35,609,473,400
$ 34,461,594,334
$ 30,428,480,693
$ 26,074,924,427
$ 24,440,706,317
$ 23,246,017,181
Unincorporated Value
$ 14,776,699,533
$ 19,077,812,368
$22,250,559,145
$ 21,041,608,875
$ 18,296,056,150
$ 15,710,985,770
$ 14,730,436,160
$ 14,065,926,840
9 .4 7 7 0
9 .0 8 3 0
7 .4 9 9 3
7 .4 9 9 3
7 .4 9 9 3
7 .4 9 9 3
7 .4 9 9 3
7 .4 9 9 3
$ 1 7 2 ,7 4 9 ,3 6 5
$ 2 0 8 ,5 6 7 ,6 4 3
$ 1 9 3 ,1 1 9 ,3 3 0
$ 1 8 7 ,3 0 8 ,1 9 7
$ 1 6 6 ,3 1 3 ,6 5 2
$ 1 4 2 ,3 2 7 ,5 8 8
$ 1 3 1 ,5 6 8 ,6 0 0
$ 1 2 5 ,1 3 7 ,3 7 9
$ 2 5 7 ,4 9 8 ,2 8 4
$ 2 4 8 ,1 3 9 ,7 8 8
$ 2 4 0 ,1 7 6 ,0 8 4
$ 2 1 3 ,1 1 7 ,2 8 2
$ 1 8 2 ,3 0 5 ,4 0 2
$ 1 6 8 ,2 8 6 ,3 5 7
$ 1 6 0 ,0 9 3 ,7 1 3
F inal Pr oper t y Value
Tot al Millage
Gener al F und Rev enue
Tot al Tax es $ 2 1 1 ,2 0 4 ,1 4 4
$97.4 million
37.8% reduction
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Millage & Ad Valorem History
FY 05/06 – FY 12/13 Proposed
Actual
FY 05/06
Actual
FY 06/07
Estimated
FY 12/13
Countywide Value
$ 23,764,413,952
$ 30,275,942,171
$ 23,246,017,181
Unincorporated Value
$ 14,776,699,533
$ 19,077,812,368
$ 14,065,926,840
9 .4 7 7 0
9 .0 8 3 0
7 .4 9 9 3
$ 1 7 2 ,7 4 9 ,3 6 5
$ 2 0 8 ,5 6 7 ,6 4 3
$ 1 2 5 ,1 3 7 ,3 7 9
$ 2 5 7 ,4 9 8 ,2 8 4
$ 1 6 0 ,0 9 3 ,7 1 3
F inal Pr oper t y Value
Tot al Millage
Gener al F und Rev enue
Tot al Tax es $ 2 1 1 ,2 0 4 ,1 4 4
$97.4 million
37.8% reduction
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Goal: Long-Term Financial Alignment
to Sustain Essential Services
Work towards General Fund sustainability & alignment of revenue
with services
Reduced CRA increments
Reduced General Fund subsidy
to Parks
Eliminated Public Service Tax
transfer to Stormwater
Moved Medicaid to Indigent
Healthcare Fund
Merged Fire & EMS
Prioritized services
Eliminated 205 General Fund
positions including Department
Director level
Reduced historical unspent
appropriations
Bridged gap in revenues with
one-time funding
Worked with Constitutional
Officers
Reduced level of service
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General Fund Operating Revenue & Expense
FY 07/08 -$296,109,782
OTHER GF REVENUE - $103,943,809
GF AD VALOREM REVENUE - $192,165,973
CONSTITUTIONAL OFFICERS BUDGET - $158,744,108
0%
20%
OTHER GF BUDGET - $137,365,674
40%
60%
80%
100%
FY 11/12 - $234,780,819
GF AD VALOREM REVENUE - $131,568,600
OTHER GF REVENUE - $103,212,219
CONSTITUTIONAL OFFICERS BUDGET - $156,336,127
0%
20%
40%
OTHER GF BUDGET - $78,444,692
60%
80%
100%
FY 12/13 -$231,133,011
GF AD VALOREM REVENUE - $125,137,379
OTHER GF REVENUE - $105,995,632
CONSTITUTIONAL OFFICERS BUDGET - $156,083,500
0%
20%
40%
60%
OTHER GF BUDGET - $75,049,511
80%
100%
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General Revenue Not In General Fund
FY 02/03 – FY 12/13 Proposed
in millions
Countywide Property Value (in billions)
FY 02/03 FY 03/04 FY 04/05 FY 05/06 FY 06/07 FY 07/08 FY 08/09 FY 09/10 FY 10/11 FY 11/12 FY 12/13
$ 18.0 $ 19.0 $ 20.6 $ 23.8 $ 30.3 $ 35.6 $ 34.5 $ 30.4 $ 26.1 $ 24.4 $ 23.2
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General Fund - Infrastructure
(in millions)
FY 06/07
FY12/13
Proposed
$13.57
$4.60
$4.50
$3.70
$------
$4.00
PARKS
Sales Tax to Parks
Sales Tax to commercial paper
Transfer from General Fund to Leisure MSTU
$3.10
$2.00
$3.30
$-----$-----$1.40
FACILITIES
Communications Services Tax to Facilities
$2.35
$------
STORMWATER
Public Service Tax to Stormwater
$2.60
$------
$11.80
$3.10
$43.32
$16.73
TRANSPORTATION
CRA Increments
Public Service Tax
Transportation subsidy through not
reducing 1-mill proportionately
*0.1773 mills proportionate difference
SUBSIDIZED INDIRECT COST
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Balancing the Deficit
Three Year Plan***
(in millions)
Ad Valorem
One-Time
Deficit
Use One-Time
Prior Year Balance
Misc. Budget Adjustment
FY 11/12
($9.0)
($10.5)
FY 12/13*
($5.3)
($8.0)
FY 13/14**
$0.0
($6.0)
($19.5)
$8.0
($13.3)
$6.0
($6.0)
$0.0
($11.5)
($7.3)
($6.0)
$0.0
$12.7
$1.2
$1.2
$2.0
($4.1)
$0.0
$0.0
($6.0)
*Assumes 4% property value reduction
**Assumes no change in property value
***Assumes no increase to Board or Constitutional budgets
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FY 12/13 – Balancing the Deficit
(in millions)
PROJECTED GENERAL FUND DEFICIT
($13.3)
Use Fund Balance
$6.0
Revenue
FY 11/12 recurring balance
Parks debt payoff
Indirect cost increase
Reduced Tax Collector amount
Misc. Major Revenue Increase
June 1 preliminary value
$1.2
$2.0
$0.9
($0.3)
$1.3
($1.2)
($7.3)
$3.9
($1.2)
($1.0)
$0.4
($0.5)
$1.6
$2.2
$0.3
$0.1
$0.2
Expense
Compensation Plan
FRS pending Supreme Court decision
Planned reduction to Parks transfer
Sheriff Comm. Center increase
Stormwater savings
BoCC division operating reductions
Outside medical reduction
CRA value, including June 1
Adult Day Care
$2.1
$6.0
Deficit
($1.3)
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FY 12/13 – Balancing the Deficit
One-Time Available & Expenditures
(in millions)
Available One-Time Funds
FY 10/11 Additional Ending Fund Balance
$1.5
Self-Insurance Reserve Available
$3.4
Mid-Year Division Savings
$1.6
Available Funds
Landfill Closure Funds Available
Available Funds
$6.5
$15.0
$21.5
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FY 12/13 – Balancing the Deficit
One-Time Available & Expenditures
(in millions)
Available One-Time Funds From Prior Slide
$21.5
Medicaid “Back Billing”
($7.7)
FRS Potential Reimbursement of Employee Contribution ($4.5)
Polk Commerce Reserve Reimbursement
($0.6)
Parks Debt Payoff
($1.9)
Efficiency Commission
($0.3)
Available Funds
Used to Bridge in FY 12/13
$6.5
($6.0)
Available Funds
$0.5
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FY 12/13 – Balancing the Deficit
One-Time Expense Items Not Budgeted
Jail & Mental Health Program
Cultural Arts
Other Outside Agencies
Unfunded Requests from Outside Agencies
Commissioner Funding
TOTAL
$450,000
$133,500
$200,688
$500,000
$??
$1,284,188
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FY 13/14 – Balancing the Deficit
Deficit from One-Time to Balance used in FY 11/12
Increase Major Revenue
2nd year Efficiency Commission
Statutory retirement rate increase
3rd Polk Commerce settlement payment
NR CRA plan increment reduced to 75%
FRS increase (partially covered by one-time in FY 12/13)
(in millions)
($6.0)
$1.0
($0.2)
($0.5)
($0.2)
$0.7
($2.1)
(pending Supreme Court decision)
Constitutional Officer adjustment
Section 125 benefit not in FY 13/14
Deficit
$0.2
$1.2
($5.9)
Note: assumes no change in property value from FY 12/13 & does not include impact
from Amendment IV
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Major Fund Budget Issues
Transportation Trust Fund
Fund balanced 5 years through FY 16/17 utilizing fund
balance as recurring revenue does not cover recurring
expense
Stormwater Assessment will provide $1.4 million for
roadway stormwater issues if approved
$250,000 savings including reduction of 3 FTEs
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Major Fund Budget Issues
Utilities Funds
$2.8 million impact in FY 12/13 as some meters are
changed ahead of schedule
$35 million annual average CIP budget over 5 years;
bond issues budgeted every other year to finance
expansion
Additional staff required due to increased water plant
capacity
5% indexing of water & wastewater user fees continues in
FY 12/13 as approved by Board in FY 09/10
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Major Fund Budget Issues
Leisure Services MSTU Fund
Recurring expenditures higher than recurring revenue
Proposed reductions to balance the fund for next 5 years
$200,000 annual Turf Program reduction
$94,170 minor reorganization savings with elimination of 2
FTEs
$40,000 annual savings from Youth Assistance Program
elimination
Continued focus on self-supporting or replacement
projects (ex: Walker Road, Off-Highway Vehicle Park,
Coleman Campground)
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Major Fund Budget Issues
Waste Resource Management Funds
$6 million potential additional expenses for gas
collection system if Wheelabrator Ridge Energy
agreement ends before construction of next cell
$1 million set aside for potential refunds pending internal
audit results
5% revenue decrease with tonnage decline due to
increased recycling
17
Major Fund Budget Issues
Fire Rescue Fund
New Ranchlands & Marion Creek stations in development
Davenport, Babson Park, & Four Corners station
remodels in progress
Focus on operational & managerial function alignment to
streamline Division
$105,000 service improvement – increased hours of
availability for Medical Director to enhance service
delivery
18
Major Fund Budget Issues
Indigent Health Care Fund
2012 legislation increased Medicaid by $2.28 million,
from $6.50 million to $8.78 million
$10.8 million reserve reduction from $15.8 million to
$5.0 million for services to members
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Major Fund Budget Issues
Tourism Trust Fund
4% projected Tourism Tax collections increase (currently
7% above prior year actuals)
Final debt service payment on Chain of Lakes Stadium to
be made in FY 12/13
Increased 4th & 5th Penny reserves; TDC working to
identify & address future capital needs
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Major Fund Budget Issues
Building Fund
FY 11/12 Single-Family Residential permits 43% higher
than same time period in FY 10/11
Recurring revenue covered recurring expenses at FY
10/11 end, increasing fund reserves in FY 12/13
Maintaining costs & slight revenue increases projected to
keep fund balanced through FY 18/19
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Budget Process Calendar
July 6 – Sheriff’s Budget Presentation to Board
July 9 – County Manager’s Proposed Budget Presentation
August 23 – Board Workshop to discuss Community
Investment Program
August 28 – CIP Work Session
September 6 – First Public Hearing
September 13 – Final Public Hearing
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