Lapeer County Accountability and Transparency

Transcription

1 Picture TO: FROM: The Citizens of the County of Lapeer John Biscoe, County Administrator/Controller DATE: October 01, 2012 SUBJECT: Lapeer County Accountability and Transparency The presented tables and charts include the following: Lapeer County Performance Dashboard This is an ataglance table that reflects a snapshot of the County s 1) Fiscal Stability, 2) Economic Strength, 3) Public Safety and Quality of Life. It compares the two most recently completed years in a number of categories. Citizens Guide to Local Finances for Lapeer County This is an excerpt from the County s audited Comprehensive Annual Financial Reports displaying the Revenues by Source, Expenditures by Type, Fund Balances and Liabilities for the last six completed years along with supporting tables, charts and graphs. 1) Revenues, 2) Expenditures, 3) Fund Balances and 4) Liabilities. Projected Budget Report The County Board of Commissioners adopts a rolling two year Biennial budget each year. This means in the October session of each year they adopt not only the next year s budget, but also the following year. For example, in October of 2011 they adopted 2012 and 2013; In the October session of 2012 they will adopt 2013 and This document reflects only the 2012 and 2013 Biennial Budget. Debt Service Requirements In addition to the projected budgets, the County is also presenting the LongTerm Liabilities for outstanding bonds which are detailed in the County s audited Comprehensive Annual Financial Reports.

2 Lapeer County Performance Dashboard Trend Performance Fiscal Stability Annual GF Expenditures per capita $225 $ % Positive Fund Balance as % of Annual GF Expenditures 20.7% 25.4% 22.4% Positive Unfunded Pension & Retiree health care liability, as a % of annual GF revenue 31% 36% 15.2% Negative Debt burden per capita $21 $ % Negative Percentage of road funding provided by the General Fund 1.3% 1.4% 2.8% Neutral Ratio of pensioners to employees % Positive Number of services delivered via cooperative venture % Neutral Economic Strength % of community with access to high speed broadband 100% 100% 0.0% Neutral % of community age 25+ with Bachelor's Degree or higher. 17% 16% 6.5% Negative Tax Rate/ County Operating Millage % Neutral Bond Rating (Standard & Poor's) AA Stable AA Stable 0.0% Neutral Public Safety Violent crimes per thousand % Positive Property crimes per thousand % Positive Traffic injuries or fatalities 1,483 1, % Positive Quality of Recreational Life State Recreation and Game Area Acreage % Neutral County Parks Acreage % Neutral City Parks Acreage % Neutral Township and Village Parks Acreage % Neutral Acres of County park per thousand residents % Neutral

3 CITIZENS' GUIDE TO LOCAL UNIT FINANCES County of Lapeer Per capita information Date Input Page Stmt. Of Rev & Exp All governmental funds Revenue Taxes 15,972,806 13,661,065 14,141,996 13,944,341 12,776,677 13,680, Licenses & permits 604, , , , , , from Federal Govt. 3,115,264 3,028,280 3,318,998 3,226,089 4,045,326 2,891, from State Govt. 5,344,798 5,350,713 5,018,678 4,409,086 5,804,228 5,959, Local contributions 64,851 Charges for services 15,740,144 17,329,614 17,115,895 16,985,601 17,002,625 17,688, Fines & forfeitures 470, , , , , , Interest & rent 1,654,544 1,714,477 1,342, , , , Other revenue 2,949,922 3,167,732 2,933,850 3,899,379 3,977,887 3,868, total revenue 45,917,530 45,383,279 44,905,351 44,251,308 45,319,518 45,701, Expenditures Legislative 249, , , , , , Judicial 4,735,978 5,043,981 4,984,112 5,333,356 5,172,038 4,785, General Governmental 5,429,748 5,388,954 5,728,076 5,430,567 5,390,083 4,893, Public Safety 9,998,558 10,170,522 10,051,004 10,370,496 10,513,273 9,922, Public Works 451, , , , , , Health & welfare 19,691,902 21,372,120 21,469,941 21,039,622 21,549,585 21,642, Recreation & culture 746, , , , , , Other Activities 1,586,008 1,130,590 1,152, ,101 1,254, , Capital outlay 312, ,887 26,141 8,612 4,584 10,772, Debt service 211, , , , , , Unallocated fringes & insurance Net Interfund transfers (352,825) 143, ,487 (8,051) 1,270 13, Extraordinary/ Special items total expenditures 43,061,020 45,306,170 45,276,982 44,293,101 45,778,827 53,998, Surplus (shortfall) 2,856,510 77,109 (371,631) (41,793) (459,309) (8,297,204) (5) (94) Financial position All governmental funds Nonspendable 211,929 2 Restricted 11,132, Assigned 5,945, Unassinged 5,190,092 59

4 Date Input Page Designated Reserved 642, , , , ,381 7 Undesignated fund balance 16,234,467 16,270,586 15,795,413 15,870,443 15,474, Total fund balance 16,877,251 16,954,320 16,574,910 16,540,896 16,081,587 22,480, Calculated Unreserved fund bala 16,234,467 16,270,586 15,795,413 15,870,443 15,474,206 5,190, Liabilities not counted on a modifiedaccrual basis: Pensions Date of actuarial valuation: 12/31/ /31/ /31/ /31/ /31/ /31/2011 Assets 55,548,007 61,321,749 64,884,220 69,487,923 73,526,774 Actuarial Liability 62,191,494 67,484,457 72,924,490 75,451,001 79,860,857 Unfunded (Overfunded) 6,643,487 6,162,708 8,040,270 5,963,078 6,334, Percent funded 89% 91% 89% 92% 92% OPEB Date of actuarial valuation: 12/31/ /31/ /31/ /31/ /31/ /31/2011 Assets Actuarial Liability Unfunded Percent funded 100% 100% 100% 100% 100% 100% Sum of all pension & OPEB plans 12/31/ /31/ /31/ /31/ /31/ /31/2011 Assets 55,548,007 61,321,749 64,884,220 69,487,923 73,526,774 Actuarial Liability 62,191,494 67,484,457 72,924,490 75,451,001 79,860,857 Unfunded 6,643,487 6,162,708 8,040,270 5,963,078 6,334, Percent funded 89% 91% 89% 92% 92% Debt: Bonds & contracts payable 1,210,000 1,067, , , , ,345 Capital leases Other contractual debt Structured debt 1,210,000 1,067, , , , , Employee compensated absences 645, , , Landfill closure & postclosure care Uninsured losses

5 Date Input Page Other claims & contingencies 60,000 15,000 50, ,000 95,000 77, Total long term debt (excl. pensio 1,270,000 1,082, ,000 1,538,308 1,225,765 1,184, Population information 93,761 95,682 95,262 87,904 88,319 88,082

6 CITIZENS' GUIDE TO LOCAL UNIT FINANCES County of Lapeer 1. Where our money comes from (all governmental funds) 2. Compared to the prior year REVENUES Taxes Licenses & permits from Federal Govt. from State Govt. Local contributions Charges for services Fines & forfeitures Interest & rent % change Taxes $ 12,776,677 $ 13,680,318 7% Licenses & permits 518, ,784 6% from Federal/State/Local Govt. 4,045,326 2,891,499 29% from State Govt. 5,804,228 5,959,211 3% Local contributions n/a Charges for services 17,002,625 17,688,094 4% Fines & forfeitures 419, ,642 (0) Interest & rent 774, ,292 0 Other revenue 3,977,887 3,868,684 3% Total $ 45,319,518 $ 45,701,524 1% Other revenue 3. Revenue sources per capita compared to the prior year 4. Historical trends of individual sources Taxes Commentary: Licenses & permits from Federal Govt. from State Govt. Local contributions Charges for services Fines & forfeitures Interest & rent Other revenue 18,000,000 16,000,000 14,000,000 12,000,000 10,000,000 8,000,000 6,000,000 4,000,000 2,000,000 Taxes For more information on our unit's finances, contact the County Controller/Administrators Office at (810)

7 CITIZENS' GUIDE TO LOCAL UNIT FINANCES County of Lapeer 1. Where we spend our money (all governmental funds) 2. Compared to the prior year Legislative Judicial General Governmental Public Safety Public Works Health & welfare Recreation & culture Other Activities % change Legislative $ 290,948 $ 261,095 10% Judicial 5,172,038 4,785,333 7% General Governmental 5,390,083 4,893,618 9% Public Safety 10,513,273 9,922,910 6% Public Works 897, ,668 56% Health & welfare 21,549,585 21,642,974 0% Recreation & culture 512, ,190 19% Other Activities 1,254, ,047 67% Capital outlay 4,584 10,772, % Debt service 192, , % Interfund transfers (net) 1,270 13, % total expenditures $ 45,778,827 $ 53,998,728 18% EXPENDITURES 3. Spending per capita compared to the prior year 4. Historical trends of individual departments: Legislative Judicial General Governmental Public Safety Public Works Health & welfare Recreation & culture Other Activities Capital outlay Debt service Unallocated fringes & Net Interfund transfers Extraordinary/ Special items 5,400,000 5,300,000 5,200,000 5,100,000 5,000,000 4,900,000 4,800,000 4,700,000 4,600,000 4,500,000 Judicial ,400, Commentary: For more information on our unit's finances, contact the County Controller/Administrators Office at (810)

8 CITIZENS' GUIDE TO LOCAL UNIT FINANCES County of Lapeer 1. How have we managed our governmental fund resources (fund balance)? 2. Compared to the prior year 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 FINANCIAL POSITION % change Revenue 45,319,518 45,701,524 1% Expenditures 45,778,827 53,998,728 18% Surplus (shortfall) (459,309) (8,297,204) 1706% Fund balance, by component: Reserved 15,474, % Designated 607, % Undesignated 211,929 #DIV/0! total fund balance 16,081, ,929 99% total revenue total expenditures Total fund balance 3. Fund balance per capita compared to the prior year 4. Historical trends of individual components ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, ,000, Nonspendable Reserved Undesignated fund balance Nonspendable Reserved Undesignated fund balance Commentary: For more information on our unit's finances, contact the County Controller/Administrators Office at (810)

9 CITIZENS' GUIDE TO LOCAL UNIT FINANCES County of Lapeer OTHER LONG TERM OBLIGATIONS 1. Pension funding status 2. Retiree Health care funding status 3. Percent funded compared to the prior year 90,000,000 80,000,000 70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000, Long Term Debt obligations: 5. Debt & other long term obligations per capita compared to the prior year 1,800,000 1,600,000 1,400,000 1,200,000 1,000, , , , ,000 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Assets Actuarial Liability Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Assets Other claims & contingencies Uninsured losses Landfill closure & postclosure care Employee compensated absences Structured debt Actuarial Liability % 100% 80% 60% 40% 20% 0% Pensions OPEB Sum of all pension & OPEB plans 12/31/ /31/2011 Other claims & contingencies Uninsured losses Landfill closure & postclosure care Employee compensated absences Structured debt Commentary: For more information on our unit's finances, contact the County Controller/Administrators Office at (810)

10 Projected Budget Report Local Government Name: Local Unit Code: Current Fiscal Year End Date: Fund Name: LAPEER COUNTY, MICHIGAN 44 31Dec12 General Fund REVENUES Current Year Budget Percentage Change Year 2 Budget Assumptions Property Taxes $ 9,116,114 (0.03) % $ 8,860,000 Other Taxes $ 76,000 % $ 76,000 State Revenue Sharing $ 1,262,397 (0.01) % $ 1,252,349 Charges For Service $ 2,107,233 (0.04) % $ 2,013,840 Fines & Fees $ 247,190 (0.12) % $ 218,350 Licenses & Permits $ 32,530 (0.32) % $ 22,030 Interest Income $ 201,830 % $ 201,830 Grant Revenues $ 1,157,385 (0.04) % $ 1,107,413 Other Revenues $ 3,098,052 (0.06) % $ 2,915,524 Interfund Transfers (In) $ % $ 1,731,088 Total Revenues $ 17,298,730 $ 18,398,424 EXPENDITURES Legislative $ 285,872 (0.03) % $ 277,739 Judicial $ 4,642,725 (0.06) % $ 4,367,044 General Government $ 5,299,237 (0.06) % $ 5,003,520 Public Safety $ 6,114, % $ 6,180,157 Health and Welfare $ 870, % $ 883,962 Recreation & Culture $ 270,999 (0.07) % $ 253,186 Other Public Works $ 320, % $ 372,165 Other Expenditures $ 988, % $ 993,835 Capital Outlay $ % $ Debt Service $ % $ Total Expenditures $ 18,793,299 $ 18,331,608 Net Revenues (Expenditures) $ (1,494,569) $ 66,816 Beginning Fund Balance $ 5,334,384 $ 3,839,815 Ending Fund Balance $ 3,839,815 $ 3,906,631 1

11 Projected Budget Report Local Government Name: Local Unit Code: Current Fiscal Year End Date: Fund Name: LAPEER COUNTY, MICHIGAN General Fund REVENUES Percentage Change Year 3 Budget Percentage Change Year 4 Budget Percentage Change Year 5 Budget Property Taxes Other Taxes State Revenue Sharing Charges For Service Fines & Fees Licenses & Permits Interest Income Grant Revenues Other Revenues Interfund Transfers (In) Total Revenues (3.00) % $ 8,594, (2.00) % $ 8,422, (1.00) % $ 8,338, % $ 76, % $ 76, % $ 76, % $ 1,252,349 % $ 1,252, % $ 1,252, % $ 2,013,840 % $ 2,013, % $ 2,013, % $ 218, % $ 218, % $ 218, % $ 22,030 % $ 22, % $ 22, % $ 201,830 % $ 201, % $ 201, % $ 1,107,413 % $ 1,107, % $ 1,107, (0.55) % $ 2,899,634 (2.16) % $ 2,836, (2.19) % $ 2,774, % $ 1,731,088 % $ 1,731, % $ 1,731, $ 18,116,734 $ 17,882,189 $ 17,735,944 EXPENDITURES Legislative Judicial General Government Public Safety Health and Welfare Recreation & Culture Other Public Works Other Expenditures Capital Outlay Debt Service Total Expenditures Net Revenues (Expenditures) Beginning Fund Balance Ending Fund Balance (0.27) % $ 276,981 (0.27) % $ 276,224 (0.27) % $ 275,466 (0.27) % $ 4,355,133 (0.27) % $ 4,343,222 (0.27) % $ 4,331,310 (0.27) % $ 4,989,873 (0.27) % $ 4,976,226 (0.27) % $ 4,962,578 (0.27) % $ 6,163,301 (0.27) % $ 6,146,444 (0.27) % $ 6,129,588 (0.27) % $ 881,551 (0.27) % $ 879,140 (0.27) % $ 876,729 (0.27) % $ 252,495 (0.27) % $ 251,805 (0.27) % $ 251,114 (0.27) % $ 371,150 (0.27) % $ 370,135 (0.27) % $ 369,120 (0.27) % $ 991,124 (0.27) % $ 988,414 (0.27) % $ 985,703 % $ % $ % $ % $ % $ % $ $ 18,281,609 $ 18,231,609 $ 18,181,609 $ (164,875) $ (349,419) $ (445,664) $ 3,906,631 $ 3,741,756 $ 3,392,337 $ 3,741,756 $ 3,392,337 $ 2,946,673 2

12 Debt Service Requirements Local Government Name: Local Unit Code: Current Fiscal Year End Date: LAPEER COUNTY, MICHIGAN 44 31Dec12 Construction of the Community Mental Health Building 1989 Issuance Date $2,300,000 Issuance Amount Years Ending Principal Interest Total 12/31/2012 $ 170,000 $ 21,750 $ 191,750 12/31/2013 $ 165,000 $ 13,375 $ 178,375 12/31/2014 $ 185,000 $ 4,625 $ 189,625 $ $ $ $ $ $ $ $ $ $ $ $ Totals $ 520,000 $ 39,750 $ 559, General Obligation Limited Tax Bonds 2011 Issuance Date $14,475,000 Issuance Amount Years Ending Principal Interest Total 12/31/2012 $ 2,000,000 $ 486,500 $ 2,486,500 12/31/2013 $ 1,500,000 $ 424,000 $ 1,924,000 12/31/2014 $ 1,500,000 $ 379,000 $ 1,879,000 12/31/2015 $ 1,500,000 $ 333,063 $ 1,833,063 12/31/2016 $ 1,500,000 $ 284,313 $ 1,784,313 12/31/2017 $ 1,500,000 $ 229,000 $ 1,729,000 $ $ $ Totals $ 9,500,000 $ 2,135,875 $ 11,635,875 1