CUYAHOGA COUNTY, OHIO

Transcription

1 Cuyahga Cunty Executive Armnd Budish CUYAHOGA COUNTY, OHIO Biennial Budget Octber 10, 2017 Dennis Kennedy, CPA, Cunty Fiscal Officer Maggie Keenan, Office f Budget and Management

2 General Operating Fund nd Qtr. Estimate 2018 Rec. Budget 2019 Rec. Budget Revenue $384,073,196 $372,569,922 $385,236,688 Operating Expenses $350,674,208 $360,997,046 $367,636,349 Subsidies t Other Funds $24,173,385 $11,386,861 $17,551,763 Ttal Expenditures $374,847,593 $372,383,907 $385,188,112

3 One-time revenue: $4.5 millin transfer f unclaimed funds in 2018: drps t $250,000 in 2019 and 2020 $3 millin frm rental registry: drps t $500,000 in 2019 and 2020 General Operating Fund Sales Tax drps frm 60% t 55% f ttal perating revenue: reflects the lss f MCO Sales Tax (eff. 7/2017); des anticipate increase in transfer frm 0.25% Fund t $7.5 millin in 2019 and 2020 Charges fr Services higher in 2018 than in 2017 due t revenue generated frm the rental registry and frm reginal crrectins (assumes 70% capacity) Anticipates allcating the $25 millin MCO Transitin payment: $4M/$12.5M/$8.5M in 2018/2019/2020 Des nt anticipate add l revenue frm the State t cmpensate fr lss f MCO Sales Tax (legislatin pending) $3 millin transfer f surplus cash frm ld capital prject accunts in 2018 $2 millin transfer f 0.25% Fund in 2018: GF reimbursement frm Rad & Bridge Funds fr wrk cmpleted n the Htel tunnel in 2016

4 General Operating Fund nd Qtr. Estimate 2018 Rec. Budget 2019 Rec. Budget Cmments Prperty Taxes $12,489,664 $12,489,664 $12,489,664 Sexennial Appraisal in 2018 will impact 2019 revenue; GO debt service decreases by $5M in 2020 and anther $8M in 2021 GF share f inside millage will increase Sales & Use Tax $218,373,600 $206,588,304 $210,680,070 Assumes 2% increase n nn-mco in bth years; grwth rate cnfirmed by Key Bank; reflects transfer f $7.5M frm 0.25% Fund in bth years (up $2M frm 2017) Fines & Frfeitures $7,656,490 $8,333,270 $9,133,270 Anticipates increase in Juvenile Curt; decrease in Clerk f Curts Charges fr Services $68,380,732 $78,444,379 $76,744,379 Rental registry; BOE reimbursement; Indirect Cst Plan; Reginal Crrectins Intergvernmental $35,198,301 $33,692,321 $33,692,321 N change t LGF frmula/amunt; Assumes 45% reimbursement frm State PD Investment Earnings $10,000,000 $11,100,000 $12,325,000 Based n investments maturing in ea. year that can be reinvested at higher rates License/Permits/ Other Tax $75,654 $75,654 $75,654 N change Miscellaneus $31,898,755 $21,846,330 $30,096,330 MCO Transitin: $6M in 2018/$12.5M in 2019; Add unclaimed Funds; Capital Prjects cash balance (2018); Dem Fund cash balance (2019) Ttal Revenue $384,073,196 $372,569,922 $385,236,688

5 General Operating Fund Persnnel represents tw-thirds f General Operating Fund expenses: 47% f FTEs are under the authrity f the Cunty Executive, 43% under the ther elected fficials, and 10% under the Bards and Cmmissins (2018) Other Financing Uses are the subsidies t ther Cunty Funds: increases in 2019 due t the $4 millin subsidy t the Ecnmic Develpment Fund (nt in 2018) Debt Service reflects the anticipated increase in investment earnings based n the Cunty directing the investment f the debt prtfli

6 General Operating Fund General Gvernment Justice & Public Safety nd Qtr. Estimate 2018 Rec. Budget 2019 Rec. Budget Cmments $67,073,362 $73,421,832 $73,404,521 Reductin t Fiscal Office, PRC; add l funding fr IT $260,157,452 $262,826,537 $268,838,870 Reductins t Cunty Curts and Prsecutr s Office; reductin t Sheriff s Office Develpment $3,389,369 $4,072,463 $4,204,530 Add l funding fr persnnel, lan servicing Scial Services $6,778,181 $6,900,338 $6,900,338 VSC: Budget set by ORC Health & Safety $530,337 $445,784 $452,206 Reductin t public safety grants Miscellaneus $12,745,507 $13,330,093 $13,835,885 $7.2M CIP; add l funding fr equity adjustments t pay fr nn-bargaining EX staff Subsidies t Other Funds $24,173,385 $11,386,861 $17,551,763 Supplant CPC subsidy with R&B Funds; maintains ASH subsidy; N subsidy t ED (2018 nly) r DEMO Funds Ttal Expenditures $374,847,593 $372,383,907 $385,188, Base Budgets established based n 2 nd Quarter estimates fr 2018 and 2019 plus adjustments Assumes a 2% increase n all salaries Cunty-wide Assumes a 6% increase in the emplyer share f emplyee healthcare csts Cunty-wide (40% GF impact) Targeted reductins t balance

7 0.25% Fund nd Qtr. Estimate 2018 Rec. Budget 2019 Rec. Budget Revenue $77,073,149 $58,734,752 $56,734,752 Operating Expenses $11,325,000 $10,467,316 $8,467,316 Subsidies t Other Funds $44,037,769 $47,727,250 $47,727,250 Ttal Expenditures $55,362,769 $58,194,566 $56,194,566 Assumes the transfer f $7.5 millin t the General Operating Fund, based n: Histrical perating surplus in this Fund Return f PY perating surplus in the CCCFDC that will be transferred t the General Operating Fund (annually beg. in 2018) Assumes $2 millin in revenue frm the Rad & Bridge Funds that will be transferred t the General Operating Fund Des nt draw n capital reserves fr perating purpses

8 HHS Levy Fund nd Qtr. Estimate 2018 Rec. Budget 2019 Rec. Budget Revenue $231,755,183 $231,755,183 $231,755,183 Operating Expenses $75,787,620 $75,787,620 $75,787,620 Subsidies t Other Funds $154,850,023 $155,795,432 $155,929,177 Ttal Expenditures $230,637,643 $231,583,052 $231,716,797 Utilizatin f PA Fund Reserves: - $11.2 millin in $11.3 millin in $2.8 millin in 2010 Ending cash balance in 2020: $1.2 millin

9 HHS Levy Fund Ballt Date Type Millage Duratin Begin Margin Next Up May 2016 Renewal years % 2024 Nv 2013 Replacement years % 2018 March 2012 Renewal years % 2016 May 2010 Renewal years % 2014

10 All Funds nd Qtr. Estimate 2018 Rec. Budget 2019 Rec. Budget Revenue $1,469,829,558 $1,458,115,214 $1,485,576,922 Ttal Expenditures $1,517,587,653 $1,475,187,376 $1,497,593,989 Maintains $39 millin subsidy t the ADAMHS Bard t address behaviral health care, specifically the piid epidemic Includes the establishment f a Husing Fund using the cash balance in the Develpment Revlving Lan Fund - $1 millin in 2018, $2 millin in 2019/2020 Assumes the transfer f $6.5 millin in Casin Tax revenue t the Ecnmic Develpment Fund Will reflect a draw n the cash balance in the Cmputerizatin Fund fr a cmputer refresh in the Cmmn Pleas Curt, Dmestic Relatins Curt, and Clerk f Curts (2018 and 2019)

11 Capital Imprvements Plan Facilities and Airprt Facilities Airprt Cmbined 2017 Ttal Prjects $25,784,421 $15,350,000 $41,134, General Fund Impact $6,599,052 $1,850,000 $8,449, Ttal Prjects $31,183,297 $5,000,000 $36,183, General Fund Impact $8,187,500 $500,000 $8,687, Ttal Prjects $9,246, General Fund Impact $9,246, CIP will be revised in early 2018 t include unfinished prjects frm prir years: active prjects are fully funded revisin will nt impact the budget unless prjects cme in under estimate CIPs ttal mre than what has been allcated in the budget ($7.2M ea. year): this ensures that there is a plan fr wrk that can be dne if estimates fr mandated prjects cme in less than anticipated 2019 plan includes apprximately $3 millin in Justice Center prjects that may be canceled based n plans fr the building

12 Debt As f January 1, 2018 the Cunty has $1.1 billin in utstanding debt 22 issues: General Obligatin (4), Revenue (13), Sales Tax (4), and Certificates f Participatin (1) One issue matures in 2018 (1993 GO Rck Hall) Three issues mature within the next five years: 2010 Revenue Medical Mart GO Varius Purpse Revenue Gateway 2022

13 Issue Type 2018 Obligatin Debt 2018 General Fund Obligatin 2019 Obligatin 2019 General Fund Obligatin General Obligatin $29,762,518 $0 $28,944,260 $0 Revenue $48,378,479 $38,625,737 $48,415,020 $38,723,938 Sales Tax $12,511,460 $6,507,794 $16,718,997 $6,502,094 Certificates f Participatin $20,743,344 $20,743,344 $20,733,344 $20,733,344 Ttal $111,395,801 $65,876,875 $114,811,621 $65,959,376 Western Reserve Fund debt service transferred t Ecnmic Develpment (i.e. Western Reserve) Fund in 2018 and 2019 frm the General Operating Fund General Fund impact will be less than General Fund bligatin due t ther revenue surces that cntribute t debt service General Obligatin debt service decreases by $5.6 millin in 2020 and anther $7.9 millin in 2021: this will enable the redirectin f inside millage t the General Fund