Strategic Investments That Strengthen Our Future

Transcription

1 Strategic Investments That Strengthen Our Future Recommended Operating and Capital Budget - FY 2015 County of Albemarle, Virginia

2 Responding to a Changed Reality FY09 $333.7 million FY positions FY09 $2,040 tax bill FY09 97,696 residents FY 09 12,531 students FY14 - $322.5 million FY positions FY 14 $1,875 tax bill FY ,580 residents FY 14-13,075 students

3 A Continued Focus on Careful Stewardship 2,100 2,050 2,000 1,950 1,900 1,850 1,800 1,750 Tax Bill for Average Homeowner Home Valued at $275,000 in

4 Where We Are Today - Staffing Functional Area Employees in FY09 Employees in FY14 Health & Welfare Public Safety Judicial Administration Public Works Parks, Recreation and Culture Community Development

5 Organizational Excellence and Transformation Reposition and streamline Generate alternative sources of revenue Explore new business practices Take creative, collaborative approaches Develop organizational flexibility and agility Embrace innovation and continued high performance Use zero-based budgeting principles

6 Financial Accountability and Transparency Triple AAA Bond Rating one of only 39 counties nationwide Tax rate among lowest of Virginia s 20 most populated counties Budget Process Review Committee and Resource Management Review GFOA financial reporting and budget awards

7 Challenges Looking Forward to FY15 Demands Mandates Obligations Staff Capacity Sustaining a Healthy Organization Community expectations Resources Modest Revenue Growth

8 Goals Established in Development of the Budget Goal Goal Goal Meet continually evolving challenge of mandates and obligations Stabilize modest service advancements initiated in recent years Build critical capacity that supports quality service delivery Goal Sustain an efficient, adaptable organization

9 Recommended Budget FY 15 TOTAL BUDGET RECOMMENDED EXPENDITURES $349,287,622 Gen. Govt. Capital 6% Gen. Govt. Debt 2% City Revenue Sharing 5% Total School Division: 57% Gen. Govt. Operations 30% School Debt 4% School Capital 5% School Div. Operations 48% Total General Government: 38% County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015

10 Recommended Budget FY 15 TOTAL BUDGET RECOMMENDED REVENUES $349,287,622 Use of Fund Balance 2% Federal Revenue 5% Bond Proceeds 7% Property Taxes 43% State Revenue 22% Other Local Revenue 21% County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015

11 Total Budget Highlights Total combined operating and capital budget of $349.3 million, increase of 8.3% from FY % increase in combined operating expenditures 96% increase in capital budget Revenues - Modest revenue growth from economic recovery - Slight increase in existing real estate values (1.28%) - Proposes 1.7 cent tax increase -.7 dedicated entirely to water quality improvements mandates to address mandates and critical capacity issues - Ease pressure on Schools from VRS Mandate - Shore up critical capacity issue for essential local government services - Invest in capital needs - State and Federal Revenues essentially flat County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015

12 Expenditures Total Budget Highlights Addresses storm water mandates (Capital and Operating) Provides $4.5 M or 4.3% increase in local support for the school system Begins to address critical capacity needs in the areas of public safety and human services Supports high priority CIP projects Replaces aging ECC technology Builds the new Northside Library Provides for public safety facilities such as the Regional Firearms Range Improves capacity for the Henley Middle School gym County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015

13 How New Tax Revenues are Dedicated $1,093,594 - total water resource protection mandates $1,562,277 - total $841,968 schools $561,312 gen govt $158,997 capital

14 Tax Bill Impacts

15 Comparative Tax Rates 20 largest Counties Tax rates higher than Loudoun, Prince William, Roanoke, Fairfax, Stafford, Arlington, Fauquier, Chesterfield, Montgomery, Spotsylvania, Henrico, Hanover, James City Tax rate at Tax rates lower than Albemarle County York, Rockingham, Frederick, Pittsylvania, Augusta, Bedford

16 Per Capita Staffing Levels General Government Positions Per 1,000 Population FY 05 FY 06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15

17 Major Budget Components General Fund Schools Capital

18 General Fund Revenues FY 15 RECOMMENDED GENERAL FUND REVENUES $238,965,441 State Revenue 10% Other Local Revenue 3% Transfers & Use of Fund Balance 1% Federal Revenue 2% Other Local Taxes 21% General Property Taxes 63% County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015

19 General Fund Revenues 4.6% overall increase in GF Revenues - General property taxes increased by 4.4% - Other local taxes increased by 5.6% - Other local revenues increased by 16.7% - State revenues increased by 0.5% - Federal revenues increased by 10.7% County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015

20 General Fund Expenditures FY 15 RECOMMENDED GENERAL FUND EXPENDITURES $238,965,441 Transfer to CIP/Debt 8% Revenue Sharing 7% Other 1% Administration 5% Judicial 2% Public Safety 16% Public Works 2% Health & Welfare 8% Transfer to Schools 45% Community Development 3% Parks & Recreation 3% County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015

21 General Fund Expenditures 4.6% overall increase in GF Expenditures Largest increases support education, public safety, and water resources mandates Education increase - $4.5 million to schools Public safety increase - $1.5 million Library increase - $343,544 Water Resources - $324,324 Expenditure savings Regional Jail reduced by $199,249 City Revenue sharing payment reduced by $464,352 County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015

22 Strategic Investment at Work Meeting Evolving Mandates Water Resources Schools CSA Health Insurance

23 Strategic Investment at Work Stabilizing Advancements Public Safety Libraries Buildings and grounds Economic Dev Financial Systems

24 Strategic Investment at Work Building Critical Capacity Police Officers Foster Care Comm Dev Comm Engagement EMS Cost Recovery

25 Strategic Investment at Work Sustaining an Efficient Organization Employee compensation Training Innovation and Fellowship Funds Essential department needs

26 A Closer Look at Schools Increase of $4.5 million, or 4.3%, in local support, compared to FY14 Increase results from projected natural revenue growth and proposed tax increase School Board request was $164.3 million, leaving a gap of $5.8 million

27 A Closer Look at Capital Focused on mandates, maintaining infrastructure and investing in projects to continue core services ACE & Transportation Revenue Sharing funds Transfer to CIP totals $20.1 million, increase of $1.1 million over last year Needs in the out years of the CIP will require additional tax increases Even with additional funding, $121.3 million or 40% of requests could not be funded

28 Checking Back on Goals Meeting Evolving Mandates Stabilizing Advancements Building Critical Capacity Water resource protection Additional support to School Division VRS Funds full year impacts of service improvements Creates Econ Development Office Police and human service positions Necessary support in other areas Capital projects public safety, courts Sustaining an Efficient Organization 2% pay increase Training for a skilled, adaptable staff

29 At a Crossroads Takes initial steps towards addressing some unmet needs and modest goals Capital budget remains significantly underfunded Growing population and increased mandates will drive workload demands Quality of Life issues need consideration how do we achieve a thriving county

30 Albemarle 2040 A thriving county, anchored by a strong economy and excellent education system, that honors its rural heritage, scenic beauty, and natural and historic resources while fostering attractive and vibrant communities.

31 Public Engagement February 25 Public Hearing March 4-13 Board Work Sessions March 27 Public Hearings on Board s FY 15 Budget and 2014 Tax Rate April 3 Board Adopts FY 15 Budget, sets 2014 Tax Rate Visit our website - County of Albemarle, Virginia Recommended Operating and Capital Budgets FY2015