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Walworth County

Walworth County. 2011 Preliminary Budget. Planning for the future. The Budget. is a legal document. insures fiscal control. is a planning tool. Property Tax Bill. State of Wisconsin. School district(s). County of Walworth. City, town or village. Gateway Technical College.

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Walworth County

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  1. Walworth County 2011 Preliminary Budget Planning for the future

  2. The Budget • is a legal document • insures fiscal control • is a planning tool

  3. Property Tax Bill • State of Wisconsin • School district(s) • County of Walworth • City, town or village • Gateway Technical College • Special taxing districts

  4. County Tax • Library Levy • Debt Service Levy • Children with Disabilities Education Board (CDEB) Levy • Other Operating Levy

  5. Library Levy Wisconsin Statue 43.64(1) provides for the Library tax levy.

  6. Debt Service Wisconsin Statute 67.03(1) limits the amount of debt that can be issued by a County to 5% of the equalized value of taxable property.

  7. Debt Projection

  8. Future Bonded Capital Projects Future Goal: Continue to look for ways to reduce the need to borrow.

  9. Children with Disabilities Education Board (CDEB) Levy • CDEB is not a uniform tax

  10. Other Operating • The balance of county departments

  11. 2011 Preliminary Budget

  12. Equalized Values

  13. Calculating the Tax • $150,000 house (assuming 100% assessment ratio): 1. (150,000 / 1,000) = 150 2. 150 * 4.206938 = 631 • $631 Walworth County taxes

  14. 1992 Operating Mill Rate Cap • Wisconsin State Statute 59.605 imposes an operating levy rate limit on counties. The operating tax levy rate may not exceed the 1992 rate. This limit excludes library, debt service and the CDEB tax levies. • 1992 Operating mill rate 3.846215 • 2010 Operating mill rate 3.231416 • Under the cap (0.614799) or ($8,883,896)

  15. 2005 State Levy Limits (as amended in 2009) • The increase may not exceed the greater of 3% plus terminated TID (0) or the increase in net new construction (0.091%) plus terminated TID (0). • Limit excludes CDEB, library aid, and increases in debt service payments • Limit allows for carry forward of unused 2007 levy (2008 purposes). • Under limit by $3,657,882

  16. Self-Imposed Limit • The Walworth County Board established a goal limiting growth in the tax levy: • Calculated levy goal 4.59% • Self-imposed recommendation 2.89% • 2010 levy increase 2.88% • Under calculated goal (1.64%) or ($1,011,739) • Under recommended goal (.008%) or ($4,881)

  17. 2011 Preliminary Expenditures

  18. Wages & Benefits – 49%

  19. Full-time Equivalents (FTE)

  20. Wage/Benefit Comparison Wages Benefits Benefits without OPEB

  21. Other Post Employment Benefits (OPEB)

  22. OPEB Liability by Category

  23. 2011 Preliminary Revenues

  24. Unrestricted Equity • County Ordinance states target reserves should be between 15-20% of allowable revenues * Less the approved usage of funds in 2010.

  25. Insurance Unrestricted Equity • County Ordinance states Health, Dental and Workers Comp reserves should be a minimum of 3 to 4 months of prior years average claims * Target Risk Management reserve is $4,000,000

  26. Saving for the Future • Road Construction • Required severance benefits/payouts • Election equipment • Parks

  27. Appropriation Allocation

  28. CDEB Budget Factors • Full Time Equivalent Positions • 2006 – 196.89 FTEs • 2011 – 118.22 FTEs • Change of 78.67 positions • State Aid ($390,000) • Payroll Costs ($467,000)

  29. Dept of Public Works • Central Services, Facilities, Highway • $136,000 decrease in Highway state aid and state reimbursements • $163,000 increase in employee payouts • $123,000 increase in depreciation

  30. Lakeland Health Care Center 10 Year Plan

  31. Insurance Funds • Health Insurance: • Cost savings via third party vendors • Claims expense down • Employee wellness initiatives • Overall health of employees/spouses • Federal healthcare reform plan • 0% increase for 2011 premiums • Risk Management Insurance: • New safety coordinator

  32. Tax Levy – 40.9% $60,790,625 • Balanced budget • The tax levy is the difference between the expenditures and all other revenues.

  33. Historical Tax Levy Increases • 2010 change in levy ranked 46th of 72 counties

  34. Historical Average Mill Rates • Out of 72 Counties, Walworth County: • Ranked 54th for 2010 mill rate ($3.94) compared to avg ($4.76) • Ranked 53rd for change in mill rates

  35. The 2011 Walworth County Preliminary Budget is available for review in the County Clerk & Finance offices and on the County’s website. www.co.walworth.wi.us

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