Presentation of the FY15-16 Recommended Budget

Transcription

1 Presentation of the FY15-16 Recommended Budget Chris Coudriet County Manager New Hanover County Slide 1

2 Budget Themes Advancing the County s strategic direction Aligning resources to meet Board-identified priorities Meeting ongoing, prior obligations Planning for the long term operating and financial sustainability of New Hanover County New Hanover County Slide 2

3 Tax Rate Proposed 60.4 cent tax rate 5 cent tax increase Constructed to pay for ongoing annual debt service approved by voters in 2006 and 2008 New Hanover County Slide 3

4 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ FY14-15 TAX RATE FOR 15 URBAN COUNTIES $ $ $ $ $ $ $ $ $ $ $ $ New Hanover County Slide 4

5 FY15-16 Recommended Budget General Fund $306.6 million 1.3% increase from FY14-15 revised budget Fire Services $13.8 million 4.9% increase from the FY14-15 revised budget Environmental Management $12.9 million 18.7% decrease from the FY14-15 revised budget New Hanover County Slide 5

6 Economic Conditions Local economy continues to show signs of recovery: Register of Deeds collections are up 22% Unemployment rate dropped to 5.1% as reported in March 2015 New Hanover County Slide 6

7 Economic Conditions (continued) Passenger activity at ILM increased over the previous three years Tourism was estimated at $478 million; a 4% increase over 2012 Population growth is at a slower rate than prior to the recession but growing 2.5% New Hanover County Slide 7

8 Economic Conditions (continued) TAX BASE PROJECTION ( I N B I L L I O N S ) Ad valorem tax base has only grown 4.6% since FY12-13 revaluation year 1.1 percent annual growth Reduction due to revaluation Reduction from prior year due to Tax and Tag Program New Hanover County Slide 8

9 Revenue Picture Increase in tax base is 2.4% Sales tax is estimated to increase 12% over FY14-15; 2 percent over expected collections Increase in charges for services is estimated to increase 2% New Hanover County Slide 9

10 Millions NEW HANOVER COUNTY SALES TAX REVENUE GROWTH $65 $60 $55 $50 $45 $40 $35 $ $25 FY11 ACTUAL FY12 ACTUAL FY13 ACTUAL FY14 ACTUAL FY15 REVISED FY16 RECOMMENDED GENERAL FUND SCHOOLS FIRE SERVICES New Hanover County Slide 10

11 Millions GROWTH OF REVENUE FOR REGISTER OF DEEDS AND PLANNING AND INSPECTIONS $7.0 $6.0 $5.0 $4.0 $3.0 $ $1.0 FY11 ACTUAL FY12 ACTUAL FY13 ACTUAL FY14 ACTUAL FY15 REVISED FY16 RECOMMENDED REGISTER OF DEEDS PLANNING AND INSPECTIONS New Hanover County Slide 11

12 Fund Balance Fund balance is recommended for appropriation at $7.6 million General Fund: $6.7 million for capital, capital outlay, and other one-time expenses 911 Fund: $900,000 New Hanover County Slide 12

13 Budget Growth & Drivers Commitment to public education: New Hanover County School $3.8 million current expense increase $250,000 capital increase $4 million total increase Cape Fear Community College $3.8 million increase Operating & debt service New Hanover County Slide 13

14 Economic Development The Board established economic development as its first-amongequals priority. Community surveys identified the single highest priority of taxpayers are more jobs and better jobs. New Hanover County Slide 14

15 Economic Development (continued) $500,000 for economic development investments $25,000 above contract amount to the Wilmington Film Commission $50,000 above contract amount for Wilmington Business Development $20,000 for the second of a three year commitment to the Southeastern Partnership for the three County micromarketing alliances Fund incentives for PPD, GE, Castle Branch, Fortron and Live Oak New Hanover County Slide 15

16 Economic Development (continued) Water/Sewer extension along US 421 to Pender line: $12 million LOB issuance WAVE Transit Comprehensive development plan: $500,000 Dredging of the Carolina Beach Inlet: $300,000 New Hanover County Slide 16

17 Superior Public Education 1. New Hanover County Schools Current expense - $71.7 million: $3.8 million increase Capital - $3.0 million: $250,000 increase Debt - $19.9 million: $32,000 increase 2. Cape Fear Community College Operating - $12.2 million: $1.6 million increase Debt - $17.5 million: $2.2 million increase New Hanover County Slide 17

18 New Hanover County Schools New Hanover County Slide 18

19 Fine Arts & Humanities Building New Hanover County Slide 19

20 Early Childhood Preparedness Replacement of current Myrtle Grove Library Relocation of Carolina Beach Library: $45,000 Include $673,000 to expand childcare subsidy Establish four Outdoor Environmental Learning Centers: $10,000 New Hanover County Slide 20

21 Storytime at Carolina Beach New Hanover County Slide 21

22 Outdoor Learning Centers Blair Elementary School Cape Fear Center for Inquiry New Hanover County Slide 22

23 Superior Public Health and Safety Health and Human Services Space redesign for DSS: $250,000 Economic services supervisors: 2 Expansion of walk in clinic hours at The Harbor facility: $100,000 New Hanover County Slide 23

24 Superior Public Health and Safety Public Safety Expand prevention programs managed by the County s Department of Youth Empowerment Services Continue funding for Communities in Schools, Dreams, Kids Making It, Wilmington s Residential Adolescent Achievement Place, One Love Tennis New Hanover County Slide 24

25 Superior Public Health and Safety Public Safety (continued) $25,000 in funding for Blue Ribbon Commission of Youth Violence $250,000 for juvenile justice service review 911 backup center Upgrade of 800 MHz radio software New Hanover County Slide 25

26 Fire Service District Fire Service District tax lowered to 7 cents 11% tax rate decrease Sustains operations without compromising response system or service district fund health Capital: Fire engine Continued fire hydrant installation Acquisition of Ogden Fire Station New Hanover County Slide 26

27 Environmental Management Tipping Fee decreased to $52/ton: 5.5% decrease FY15 (current year) decrease from $59 to $55-6.8% reduction $52/ton fee through FY19-20 New Hanover County Slide 27

28 Environmental Management (continued) Fund operating obligations through FY19-20 Maintain unrestricted fund balance of 8% $1.16 million toward closure/post closure reserve annually $250,000 toward capital reserve annually Fund projected capital projects through FY19-20 $2.7 million in FY15-16 New Hanover County Slide 28

29 Environmental Management (continued) Materials Recovery Facility Partnership with City of Wilmington Expand existing regional recycling processing Increase diversion of recyclable materials from landfill New Hanover County Slide 29

30 Effective County Management: The Model of Good Governance % market adjustment 2. 2% merit pool with a range of potential merit awards 3. 7 positions to right-size operations: General Fund 6 Environmental Management 1 New Hanover County Slide 30

31 Capital Planning 1. Five year Capital Improvement Plan FY15-16 $6.8 million for CIP $1.2 million fund balance appropriation 2. Capital Outlay FY15-16 $2.1 million for capital outlay Funded via fund balance New Hanover County Slide 31

32 Unknowns 1. Ebb and the flow of the economic recovery statewide and locally 2. Sunset of the state film incentive and its associated loss of sales taxes locally 3. Pending pieces of legislation that converts sales taxes to a state sales tax and redistributes funds via a per capita formula New Hanover County Slide 32

33 New Hanover County Slide 33

34 Next Steps 1. Identify possible work sessions 2. Public hearing June 8 3. Adoption scheduled for June 22 New Hanover County Slide 34

35 Questions... New Hanover County Slide 35