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Fiscal Year 14 Budget Workshop Update: Taxable Values & Status

Get updated on historical taxable values and the budget status for FY 14, including strategies to address budget issues. Learn about cash reserves, expenditures, revenues, and possible solutions to balance the budget. Stay informed on retail water, wastewater, solid waste, and more.

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Fiscal Year 14 Budget Workshop Update: Taxable Values & Status

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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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