Budget Summary for Public Hearing April 25, 2017

Transcription

1 Budget Summary for Public Hearing April 25,

2 GENERAL FUND BUDGET PROPOSED $52,983,030 ($762,240, 1.46% Increase over FY2017) TOTAL ALL FUNDS BUDGET PROPOSED $113,650,448 ($1,815,884, 1.63% Increase over FY2017) 2

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4 General Fund As Proposed 4

5 General Fund Proposal Included Revenues No Tax Increases Tax Rate* Real Estate $0.86 Personal Property $4.25 Machinery & Tools $1.50 Mobile Homes/Tangible PP $0.86 No Use of Fund Balance *Per $100 of assessed value; all rates are the same as FY2017 rates Public Hearing Held & Tax Rates Adopted April 11,

6 General Fund Proposal Included Expenditures Personnel New Case Worker Social Services (partially state reimbursable) Funding for Planner I CDCC Removal of Funding for Project Management Specialist County Admin Reclassification HR Specialist to Supervisor 5% Increase for Health Insurance Place Holder until renewal amount known New Career Development Program for Fire/EMS Continuation for Career Development for Police Department 6

7 General Fund Proposal Included Expenditures School Funding AS PROPOSED In accordance with MOU - $15,813,565 ($236,315 Increase from FY2017)* Reduced Contributions for Riverside Regional Jail & Crater Youth Care Commission - $277,487*** (decrease from FY2017) *Updates to State Sales Tax Revenues have since increased the planned transfer; more information follows ***Crater Youth Care Commission amount will be changed by $3,115; more information follows 7

8 General Fund Proposal Included Expenditures Debt Service As Proposed General Fund Transfer for Debt = $7,542,095 County = $3,426,261* School = $4,115,834 Non-General Debt Utility = $523,731 Economic Development = $386,279 Storm Water = $441,804 *Updates following Spring 2017 Debt Closing will reduce County Debt by $319,000 8

9 General Fund Proposal Included Expenditures $10M in new debt was issued in Spring 2017 for FY2017 Capital Projects Including: Public Safety Radio Project (Phase I) Broadband Expansion Police Vehicles Parks & Recreation Paving Projects Scott Park Improvements (Irrigation; Electrical; Fencing) Central Wellness Center Improvements (Asbestos Removal & Pipes) New Route 10 Fire Station RCJA Roof Refurbish Harrison Elementary Window Replacement Appomattox River Canoe Launch JEJ Moore Middle School Athletic Complex Improvements (Bleacher Covers & Concrete Work) Payments will begin in FY2018 9

10 General Fund Proposal Included Expenditures Equipment & Vehicles Garage Lift & Alignment Machine Clerk of Court High Density Roller Shelving Information Technology Server Virtualization at ECC MCT Replacement for PD Munis Upgrade Firewall Updates Laserfiche Upgrade DSS 4 Vehicles 2 Sheriff 1 General Pool 1 Parks & Recreation 10

11 Other Funds Community Corrections New Full-Time Pretrial Officer Elimination of Part-Time Pretrial Officer Economic Development Fully funded by Meals Tax & Pays debt service for Crosspointe Improvements Tourism Supported by Lodging Tax 7.5% Contribution to Regional Heritage Center PART & Chamber of Commerce funding to be determined Pays debt service for Exit 45 Water System 11

12 Utility Fund - Proposed Self-Supporting Enterprise Fund Rate Increase Proposed New Revenue $731,200 Water 10% - $160,000 Sewer 20% - $571,200 Increases needed to maintain existing infrastructure and systems Residential homes using an average of 5,000 gallons per month will see around a $11 monthly increase Public Hearing Held & Utility Rates Adopted April 11,

13 Utility Fund Self-Supporting Enterprise Fund $1,467,196 Increase over FY 17 to cover Capital Project expenditures of $1.3Million $500,000 Increase in purchased services Hopewell sewer rate increase Planned Use of $909,000 Utilities Fund Balance 13

14 Capital Projects Debt Issuance 2018* Police Vehicles Public Safety Radio System Phase II Boiler for Central Wellness Center Voting Equipment Crosspointe Utility Study Fuel Station Replacement Code Compliance Software *Planned Bond Issuance Spring 2018; Board will consider projects individually for approval and appropriation during FY

15 Budget Board Consideration Since the Budget was Proposed 3 Board Budget Work Sessions March 8 March 20 April 5 Public Hearings and Adoption of Tax & Utility Rates held on April 11 Discussion of budget revisions at Board Retreat April 13 15

16 Budget Changes Since Proposal - Revenues Proposed Budget Total - GENERAL FUND $ 52,983, # Description Change Amount 1 State Sales & Use Tax 201, Social Services; CSA At Risk Youth 25, Total Revenue Changes 226, Revised Total Budget $ 53,209,

17 Budget Changes Since Proposal - Expenditures Proposed Budget Total - GENERAL FUND $ 52,983, # Description Change Amount 1 Technical Corrections VRS/GTL Co Atty & Fire/EMS 48, Crater Youth Care Commission - Final Request 3, Transfer to Schools - MOU Revision Increased Sales Tax Revenue 86, Transfer to Debt Service - Revised Upon Closing of Spring 2017 Debt Issuance Health Insurance Increase - Final Renewal (7.68% Increase) (319,000.00) 30,

18 Budget Changes Since Proposal - Expenditures Proposed Budget Total - GENERAL FUND $ 52,983, # Description Change Amount Increase for CSA Private Student Placements & 6 Foster Care 40, Other Department Requests / Needs Identified 16, Board Change for Commonwealth's Attorney 8 Renovation 17, Board Change Increase to General Fund Contingency 303, Total Expenditure Changes 226, Revised Total General Fund Budget $ 53,209, Change from FY2017 $ 988, % 18

19 Budget Changes Since Proposal Total All Funds Proposed Budget Total - TOTAL ALL FUNDS $ 113,650, Growth - General Fund 226, Total Changes 226, Revised Total Budget - All Funds $ 113,876, Net of Transfers Change from FY2017 $ 2,042, % 19

20 Budget Adoption Adoption is being considered on May 9, 2017 with changes as noted Additional Revenue revisions may be required (Social Services & Compensation Board Shared Costs) 20

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