1 / 15

FY 12/13 Tentative Operating Budget July 16, 2012

FY 12/13 Tentative Operating Budget July 16, 2012. Michael J. Ortega, P.E., County Administrator Lois Klein, Finance Director. Overall Budget Summary. FY 12/13 General Fund Shortfall ~ $1.2M No change to Property Tax Rate

lexi
Download Presentation

FY 12/13 Tentative Operating Budget July 16, 2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. FY 12/13Tentative Operating BudgetJuly 16, 2012 Michael J. Ortega, P.E., County Administrator Lois Klein, Finance Director

  2. Overall Budget Summary FY 12/13 General Fund Shortfall ~ $1.2M No change to Property Tax Rate Long Term Shortfall amount will depend on State Impact and Additional Revenue Reserves adequate to cover through FY 15/16 Decision Packages – some now, others later Continued focus on Strategic Plan implementation Continued focus on Pay for Performance - Compensation Plan Employee Engagement through gain sharing important

  3. FY 11/12 – Cash Balances Cash Carry Forward (General Fund) FY 08/09 (Actual) $ 20,332,174 FY 09/10 (Actual) $ 21,385,903 FY 10/11 (Actual) $ 25,031,830 FY 11/12 (Actual) $ 29,849,173 FY 12/13 (Projected) $ 30,861,018 Available $ 12,861,018 Carryover to cover P/R, ALTCS AHCCCS and Ins. $ 18,000,000 * Accumulated $ 10.5M since FY 07/08 Cash Carry Forward (Other Funds) FY 10/11 CashRestrictedAvailable Flood Control $ 4,692k $ 4,692k $ 0 HURF $ 4,494k $ 4,494k $ 0 ½ Cent Sales Tax $ 11,742k $ 0 $ 11,742k Other Funds $ 12,763k $ 12,763k $ 0 Library $ 853k $ 853k $ 0

  4. Historical Revenues

  5. FY 12/13 – 15/16 Projections

  6. Cash FlowFY 11/12 – FY 15/16

  7. FY 12/13 General Fund Summary of Changes Please note shortfall does not include requests from Departments/Offices

  8. FY 12/13 Budget Issues Revenues Property tax rate – reduced assessed values Sales Tax – CSA recommending 10% increase Expenses Fuel 360k gal – gas ($4.25/gal), 355k gal – diesel ($4.50/gal) Retirement Costs Medical Examiner Potential issues Additional State Hits Indigent Defense Capital Cases ($1.5M) Fuel Volatility Sales Tax Volatility Loss of Grants – HIDTA, Byrne – SO and CAO Medical Examiner – unknown costs

  9. FTE’s Allocated FY 11/12 972 Proposed Changes FY 12/13 Health Dept (Reduction) 1 Proposed FY 12/13 971* * Frozen Vacancies/Requests from Depts./Offices not included FY 12/13 Personnel

  10. Primary Property Tax Rate FY 12/13 Rate $2.6276/$100 $ (300k) Rate unchanged from FY 11/12 $ 0.01 = $ 104k in revenue to GF

  11. Secondary Property Tax Rates Library District FY 12/13 Rate $ 0.1451/$100 ($ 44,404) Rate unchanged from FY 11/12 $ 0.01 = $ 106k Flood Control District FY 12/13 Rate $ 0.2597/$100 ($ 78,836) Rate unchanged from FY 11/12 $ 0.01 = $ 90k

  12. ½ ¢ Cent Sales Tax Summary

  13. Decision Packages • See attached list • One time expenses vs. ongoing • $1.8M in 1/2¢ Sales Tax as undesignated • Includes $1.0M for Highways Projects • $900k available for DPs • Will request submittals for DPs later in fiscal year

  14. FY 12/13Budget Recommendations

  15. Schedule • Budget Team meetings with Depts. Complete • Follow up Work Session with BOS Complete • Tentative Budget to BOS (Final Review) 7/16/12 • Final Budget adopted by BOS 8/06/12 • Tax Rates & Levies adopted 8/20/12

More Related