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Budget Presentation

Budget Presentation. Boone County Fiscal Court Fiscal Year 2001-2002. General Fund. Total General Fund Budget FY02 - $68,269,564 FY01 - $43,470,464 FY00 - $42,057,870 FY99 - $28,593,702. General Fund Balance. General Fund Operating Revenue Breakdown. Tax Revenue Breakdown.

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Budget Presentation

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  1. Budget Presentation Boone County Fiscal Court Fiscal Year 2001-2002

  2. General Fund • Total General Fund Budget • FY02 - $68,269,564 • FY01 - $43,470,464 • FY00 - $42,057,870 • FY99 - $28,593,702

  3. General Fund Balance

  4. General Fund Operating Revenue Breakdown

  5. Tax Revenue Breakdown

  6. Tax Revenue Breakdown, cont’d. • 67% of Total Operating Revenues • Total tax revenue - $31,900,507 • 60% derived from payroll taxes • 29% passed through to other entities • 11% exclusively business tax • 24% residents only

  7. General Expense Breakdown • General Government • Protection to Persons and Property • General Health and Sanitation • Social Services • Recreation and Culture • Capital Projects • Administration and Reserves

  8. Expense Breakdown Percentages

  9. General Government - 5% • Consists of twelve departments • Total General Government - $3,605,089

  10. General Government Comparison

  11. General Government, cont’d

  12. Protection to Persons and Property - 10% • Consists of six departments • Total Protection to Person and Property - $6,833,552

  13. Protection Budget Comparison

  14. General Health and Sanitation - 1% • Consists of only one department - • Animal Control Total General Health and Sanitation - $421,584

  15. General Health Budget Comparison

  16. Social Services - 2% • Consists of three departments • Total Social Services - $1,185,111

  17. Social Services Budget Comparison

  18. Recreation and Culture 2% • Consists of only one department - • Parks and Recreation Total Parks and Recreation - $1,148,171

  19. Recreation and Culture Budget Comparison

  20. Debt Service - 2% • Total General Fund Debt Service - $1,865,565 • Decreased by 31%

  21. Debt Service - cont’d. • Two bonds are paid from the General Fund • $6.025 million - 1992 Multiple projects • Camp Ernst Park, Maplewood gym, GIS Equipment, Waterline Construction, Storm Water, etc. • Refinancing in June 2001 • Maturity Date - December 15, 2012 • $6.0 million - 1999 Multiple Projects • Roads, Storm Sewer, Sanitary Sewer, Parks, Restricted Custody Center • Maturity Date - November 1, 2008

  22. Debt Service, cont’d. • One lease/purchase agreement paid from the General Fund • Pass through money: • Point Pleasant Fire - $850,000 • Maturity Date - January 20, 2011

  23. Capital Projects - 57% • Buildings - $15,060,900 • Streets and Highways - $1,750,000 • Water Projects - $11,000,000 • Sewer Projects - $315,000 • Parks Projects - $2,980,000 • Other Capital Outlay - $8,532,587

  24. Buildings - 38% • New Public Safety Center • General Obligation Bond Issue • $15,000,000 • Animal Control Building Improvements • Closed the Building Improvement Account • Funded by Donations and Interest • Swimming Pool Project • Closed the Swimming Pool Account • Funded by Donations and Interest

  25. Streets & Highways - 4% • Florence - Hopeful Road Connector - $550,000 • Mall Road Master Plan- $50,000 • Conrad Lane Expansion - $300,000 • Industrial Road Area Improvements - $150,000 • Dream Street Improvements - $700,000

  26. Water Project - 28% • Rural Water System Expansion Project • Phase I • $8,000,000 to be financed with a General Obligation Bond • $3,000,000 to be paid from the General Fund

  27. Sewer Projects - 1% • Donaldson Road - $40,000 • Boone Aire Road - $150,000 • Scattered Sewer Assessments - $75,000 • Other Various Projects - $50,000

  28. Parks Projects - 8% • Purchase of Land for Park Development • $2,500,000 • South Fork Park - Florence • $100,000 • Gun Powder Creek Park • $380,000

  29. Other Capital Outlay - 22% • Total Other Capital Projects - $8,532,587

  30. Administration and Reserves • Contracted Services • Contributions • Utilities/Insurance • Fringe Benefits • Reserves • Total Administration $14,149,367

  31. Contracted Services - 37% • Total of twelve contracted agencies • Five largest: • TANK - $2,001,517 • PSCC - $1,525,310 • Dept for Juvenile Justice - $600,000 • Boone Co Board of Education - $500,000 • Planning Commission - $445,000

  32. Contributions - 2% • Total of eleven organizations • Five largest: • Saint Luke Hospital • Fire Chief’s Association • Florence Disability Committee • Boone County Urban Forestry Comm. • Dinsmore Foundation

  33. Fringe Benefits - 24% • Employer Share of Social Security • Employer Share of Retirement • Health/Dental/Life Insurance • Unemployment Insurance • Worker’s Compensation

  34. Administration Budget Comparison

  35. Public Works Fund • Total Public Works - $7,675,470 • Contracted Services - Highway • Contracted Services - Sewers/Bridges • Building and Construction • Equipment • Debt Services-TAN • Salaries • Other Expenses

  36. Contracted Services - Highways - 27% • Asphalt Paving/Milling - $770,000 • Concrete Repairs - $350,000 • Crack/Joint Sealing - $225,000 • Emergency Repairs - $100,000 • Roadway Striping - $40,000 • Right-of-Way Mowing - $35,000 • Sign Inventory Analysis - $35,000

  37. Buildings and Construction - 18% • Construction of Truck Garage - $300,000 • carried over from FY01 • Replacement of Vehicle Maintenance Garage Floor and Lifts - $100,000

  38. Public Works Equipment - 3% • Bucket Truck - $100,000 • Single-axle dump truck - $77,000 • Equipment Van - $35,000 • Air Compressor - $25,000 • Installation of new radios, Sheriff vehicles - $20,000 • Miscellaneous office furniture - $5,000

  39. Overall County Budget • Contains fifteen funds (bank accounts) General Fund Local Law Enforcement Grant Fund Road Fund MH/MR/Aging Tax Fund Jail Fund Boone County Revolving Loan Fund LGEA Fund Boone County School Tax Fund Federal Grants Fund Public Safety Fund Parks & Rec. Escrow Fund Motor Vehicle Rental Tax Fund Assisted Housing & Reserve Fund Scattered Sewer Assessment Program Fund Economic Development Fund Earl Parker Robinson Fund

  40. Overall County Budget, cont’d. • Total Overall Budget $99,050,122

  41. Operating Budget vs. Capital Budget • Total FY02 Capital Budget • $48,063,741 • Total FY02 Operating Budget • $50,986,381

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