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Public Hearing on Central Health Fiscal Year 2018 Proposed Budget and Property Tax Rate Increase
Central Health Board of Managers Sept. 6, 2017 Jeff Knodel, CFO Lisa Owens, Interim Deputy CFO
FY 2018 Proposed Tax Rate (4.5% over Effective Rate)
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FY17 FY18 (Proposed)
Average Homestead Value
$285,152 $305,173
Tax Rate 11.0541¢ 10.7385¢
Tax Bill $315.21 $327.71
Annual Increase = $12.50 (3.97%)
Homestead Exemption
Over 65 Homestead Exemption
Disability Homestead Exemption
20%* $5,000 Minimum $80,000 $80,000
*Maximum allowable by state law
Central Health FY 2018 Proposed Budget
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Description FY 2017 Approved Budget
FY 2018 Proposed Budget (August 16,
2017)
FY 2018 Proposed Budget (August
30, 2017)
Variance Notes
Sources
Property Taxes $169,806,722 $181,839,054 $181,839,054 Lease Revenue 31,544,675 10,303,467 10,303,467 Interest 400,000 400,000 400,000 Tobacco Litigation Settlement 1,800,000 1,800,000 1,800,000 Subtotal Revenue 203,551,397 194,342,521 194,342,521
Contingency Reserve 36,600,000 57,886,845 67,511,845 9,625,000
Updated year end estimate for FY17; IGT and expenses less
than budget Total Sources 240,151,397 252,229,366 261,854,366 9,625,000
Uses
Health Care Delivery 229,738,205 241,433,090 251,058,090 9,625,000
Increased contingency reserve ($8.875 million) and women’s health ($1 million); decreased
operating expenses ($250,000) Administration 8,926,601 9,143,516 9,143,516 Tax Collection 1,486,591 1,652,760 1,652,760
Total Uses 240,151,397 252,229,366 261,854,366 9,625,000 Reserves (ending balance)
Capital - - - HMO Risk-based Capital Reserve - - - Contingency Reserve - - - Emergency Reserve 29,895,000 32,035,084 31,997,584 (37,500)
Total Reserves $29,895,000 $32,035,084 $31,997,584 (37,500)
Resources
For detailed information regarding Central Health’s proposed FY 2018 budget and tax rate, visit: http://www.centralhealth.net/finance/
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Next Steps ü May 24 — Central Health Board of Managers (5-year forecast) ü May 30 — Travis County Commissioners Court (FY 2017 update and FY 2018 budget guidelines) ü June 21 — Central Health Budget and Finance Committee (budget update) ü June 28 — Central Health Board of Managers (proposed budget) ü July 19 — Central Health Budget and Finance Committee (FY 2018 CCC proposed budget) ü July 26 — Central Health Board of Managers (FY 2018 CCC proposed budget and Central Health
budget update) ü Aug. 9 — Central Health Budget and Finance Committee (FY 2018 Central Health proposed
budget and property tax rate) ü Aug. 16 — Central Health Board of Managers (FY 2018 Central Health proposed budget and
property tax rate) ü Aug. 22 — Travis County Commissioners Court (Central Health proposed budget and property
tax rate) ü Aug. 30 — First public hearing • Sept. 6 — Second public hearing • Sept. 13 — Central Health Board of Managers (FY 2018 budget adopted) • Sept. 19 — Travis County Commissioners Court (FY 2018 Central Health proposed
budget and property tax rate)
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(512) 978-8000 www.centralhealth.net @centralhealthtx