Budget Status Update(58% of year completed)
May 7, 2012
7-Month Spending Pattern(58%)
All Departments
Revenues 58%Expenses 52%
General Fund only
Revenues 63% (departmental only)Expenses 56%
• Revenues – no large variations at this time
FY 12-13 Budget Process
We are in the middle of it:
– CIP Budget to LPA on May 31 (there are issues emerging)• CIP tax rate was deleted in 2008• No dedicated funding source for Natural Resources TMDL
projects and LeeTran projects
– Major Maintenance Budget• General Fund directly impacted for a portion• Future courthouse improvements including Public Defender and
Jury Room
– Operating Budgets• Deadline is this Wednesday – some service level pressures
emerging
FY 12-13 Budget Process
Upcoming Dates:– June 1
• Preliminary Tax Base Assessment• Sheriff’s Budget due
– June 25• Preliminary Budget Workshop
– July 1• Final Tax Base Assessment
– July 31• Set TRIM Millage
– August 21 and 28• Open dates for 2nd and/or 3rd budget workshops
– September 5• 1st Public Hearing
– September 19• 2nd Public Hearing
Continued on next page
Continued from previous page
General Fund Expenditures
Constitutionals $199 million 57%
County Depts. $110 million 31%
Joint Costs $ 42 million 12%
TOTAL $351 million 100%
Continued on next page
Continued from previous page
General Fund Undesignated ReservesHistory & Projections
Sep. 30
2005 $ 70.0 million2006 $ 57.4 million2007 $ 123.9 million2008 $163.8 million2009 $173.9 million2010 $191.1 million2011 $158.3 million2012 $127.7 million 34%2013 $ 95.3 million 28%2014 $ 61.0 million 18%2015 $ 29.3 million 9%
Positives/Negatives
• Sales Tax Revenues improving• Potential for bottoming out of tax base• Increase in mandates– Medicaid– Juvenile Detention
General Fund Reserves
• Reasons to spend down further– Not at 10%-to-15% level for 3-1/2 more years– Reserves are maintaining service levels– Economy improving
• Options– Eliminate shortfall – what timeframe?
• August 29, 2011 Workshop with Constitutionals– Continue to spend reserves to maintain service levels– Consider millage neutral options of Finance & Taxation
Committee (IN FUTURE YEARS)