County of nevada
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County of Nevada. Board Of Supervisors Fiscal Report January 27, 2003. (UNAUDITED). County of Nevada. Significant Fiscal Events To Date In 2002/2003 Operating Results Through 12/31/02 Fiscal Uncertainties and Threats Potential Contingency Actions. Fiscal Position 6/30/2002.

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County of nevada

County of Nevada

Board Of Supervisors

Fiscal Report

January 27, 2003

(UNAUDITED)


County of nevada1

County of Nevada

  • Significant Fiscal Events To Date In 2002/2003

  • Operating Results Through 12/31/02

  • Fiscal Uncertainties and Threats

  • Potential Contingency Actions

  • Fiscal Position 6/30/2002


2001 2002 fiscal results

2001/2002 Fiscal Results

  • 2001/2002 Ended Modestly Better than Anticipated

General Fund Revenues Exceeded Expenditures:

Note: $1.3 Million in One-Time GASB 34 Residual Equity Transfers from Closed Funds


General fund discretionary revenues

General Fund Discretionary Revenues


General fund discretionary revenues1

General Fund Discretionary Revenues


2001 02 general fund revenues by source

2001/02 General Fund Revenues by Source


2001 02 general fund expenditures by category

2001/02 General Fund Expenditures by Category


2001 02 other operating funds

2001/02 Other Operating Funds


2001 02 expenditures by department

2001/02 Expenditures By Department


Gf fund balance

GF Fund Balance


Realignment special revenues

Realignment Special Revenues


Road mvlf measure f cip

Road/MVLF/Measure F/CIP


June 30 2002 perspective

June 30, 2002 Perspective

  • General Fund Results for 2001-2002 Improved the Picture by $2,354,000, Allowing for Recommendation to Fund Expected PERS Cost Increases

  • Discretionary Revenues Continued Modest Upward Trend in 2001-2002

  • Other Operating Funds Also Ended 2001-2002 Positively

  • Road CIP Funding Positive

  • HSA & Environmental Health Fund Balances Available to Backfill

  • Financially Solvent


2002 2003 budget fiscal position plan

2002/2003 Budget Fiscal Position & Plan

  • Prepared to Maintain Current Levels of Service to Citizens absent Negative State Actions

  • Balanced 02/03 Budget Along With Increase in Reserves for Technology, Space, and un-funded Liabilities

  • Financially Solvent


2002 2003 mid year significant fiscal events

2002/2003 Mid-Year Significant Fiscal Events

  • Certain Fund Balance Changes & Recommendations

  • Release of 6/30/02 Encumbrances & Associated Reduction in Supplemental Appropriations

  • Positive Impact of Vacancy Elimination

  • Positive Consolidated Budget Amendment #1

  • Memorandums of Understanding with Certain Bargaining Units

  • Commitments for Certain Separation Payments


2002 2003 budget changes to gf fund balance

2002/2003 Budget Changes to GF Fund Balance


2002 2003 changes to contingency budget

2002/2003 Changes to Contingency Budget


Q2 2002 2003 general fund discretionary revenues

Q2 2002/2003General Fund Discretionary Revenues


Q2 2002 2003 general fund expenditures by category

Q2 2002/2003 General Fund Expenditures by Category


Q2 general fund revenue expenditures

Q2 General Fund Revenue/Expenditures


Q2 2002 03 other operating funds

Q2 2002/03 Other Operating Funds


Uncertainties threats

Uncertainties/Threats

  • PERS

    • Miscellaneous 2003/04 2.7% 2004/05 7.5%

    • Miscellaneous Each 1% Approximately $400K

    • Public Safety 2003/04 4.3% 2004/05 13.5%

    • Public Safety Each 1% Approximately 40K

    • Public Safety Move to 3% @ 50

  • MOUS

  • Results/Costs of Lawsuits

  • IHHS Public Authority Escalating Costs

  • CSS Incentive Revenue Return to State

  • Space Needs


State budget impacts

State Budget Impacts

  • MVLF Backfill Elimination

  • Realignment 2

  • Others


Potential contingency actions

Potential Contingency Actions

  • Intensified Vacancy Review

  • RIF through attrition

  • No New FTEs in 2003/04 Budget

  • No Supplementals in 2003/04 Budget


Recap

Recap

Vigilance


County of nevada2

County of Nevada

Board Of Supervisors

Fiscal Report

January 27, 2003


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