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May Budget Workshop

May Budget Workshop. Update on Taxable Values & FY 14 Budget Status. Historical Taxable Values. FY 14 Taxable Value. $13,810,910,177 (DR-420 for FY 13) July 1, 2012 $13,972,497,826 (approx.) 1.17% March 2013 $13,956,735,953 1.06% April 2013 $13,946,537,941 0.98%

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May Budget Workshop

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  1. May Budget Workshop Update on Taxable Values & FY 14 Budget Status

  2. Historical Taxable Values

  3. FY 14 Taxable Value • $13,810,910,177 (DR-420 for FY 13) July 1, 2012 • $13,972,497,826 (approx.) 1.17% • March 2013 • $13,956,735,953 1.06% • April 2013 • $13,946,537,941 0.98% • This past week

  4. Our Budget Issues for FY 14 • General Fund (Transp. & Library) • Expenditures exceed Revenues • Cash Burn - approximately $6M annually • Cash Reserves • Choice • Possible Solutions • Increase millage approximately 0.4 to 0.5 mills • Continue to reduce expenditures • Find additional cash reserves • Or some combination thereof

  5. Our Budget Issues for FY 14 • Retail Water/Wastewater • Solid Waste

  6. Budget Status FY14 • June • Preliminary taxable value from Property Appraiser • Constitutional/Court Administration Budgets • Budget Office • Finish Reviews • Balance all Funds • Provide budget documentation to the Board • July • Certified Taxable Value • Tentative Budget to Board by 15th • Millage Ceiling by End of Month

  7. Questions/Comments

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