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 2 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 3 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 4 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% 5 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 6 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 7 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 8 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) 9 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 10 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 11 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 12 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 13 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 14 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 15 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) 16 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 19 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 20 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 21 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 22