Budget. Presentation to Madison County Board of Commissioners. June 22, 2015

Transcription

1 Budget Presentation to Madison County Board of Commissioners. June 22, 2015

2 Overview of Funds General Fund: $22,218,191 Landfill: $2,123,465 (disposal cards, fees, grants) 911: $207,249 (telephone surcharges) Occupancy Tax/Tourism Development Authority: $181,010 Fire District Taxes: $1,280,256

3 General Fund Revenues by Source Revenues: $22,218, % 0.14% Current Year Property Taxes Prior Year Property Taxes and Interest Interest and Late Listing Fees 36.15% 42.68% Current Year Motor Vehicle Taxes Sales Tax Other Revenues 10.61% Transfer from Fund Balance 3.46% 1.14% 4.01% Franchise Taxes, Other Tax Fees, Interest

4 General Fund Expenditures by Function Expenditures: $22,218, % 2.22% 2.27% 0.34% 3.38% 3.70% 10.56% 12.17% 14.72% 0.09% 24.24% 23.64% Social Services Public Safety Health and Human Services Education General Government Community Services Debt Service Culture and Recreation Transportation Economic and Physical Development Contingency Transfer to Reval Fund

5 General Fund Expenditures by Function (County Dollars) Expenditures: $14,236, % 2.84% 0.98% 0.53% 0.14% 5.27% 3.28% Public Safety Education General Government 8.85% 12.18% 30.00% Social Services Health and Human Services Debt Service Culture and Recreation Economic and Physical Development 14.00% 18.99% Community Services Transportation Contingency Transfer to Reval Fund

6 General Fund Revenues and Expenditures (Historic) $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 Revenues Expenditures $0

7 Revenue Trends Revenue from Current Year s Real Property Taxes increasing slightly (Year to Date Collection Rate 93.67% vs Collection Rate of 93.48) Delinquent taxes from prior years difficult to project Vehicle Tax collections increasing Sales Tax proceeds increasing Other Revenues down due to expiring grants, conservative budgeting of Health Department Revenues Fees from Register of Deeds and Building Permits up due to increasing economic activity

8 Appropriated Fund Balance Budget Appropriates $401,486 from Fund Balance: $100,000 from 40/42 Reserves for School System Capital Outlay $154,099 in carry-forward funds from previously awarded grants and FEMA Funds $12,186 in insurance settlement money for the rock building at Mars Hill $135,201 from Capital Outlay: $70,341 in previously set-aside funds from Capital Outlay for Courthouse renovations $16,799 from Capital Outlay for one-time costs to create a backup Public Safety Answering Point mandated by the State for 911 $48,061 for an upgraded Tax Software system

9 Expenditure Highlights Each department asked to identify a two percent reduction (totaled over $200,000) Total countywide reduction of FTE positions Reduced funding to non-profits Maintains FY 2015 spending of $2,403,560 for Public School Current Expense. This item increased by 12 percent from FY 2014 to FY Appropriates $100,000 from restricted sales tax funds (40/42) for school system capital outlay Reduces AB Tech appropriation by $5,000 for a total of $107,500. AB Tech will still receive 22 percent more than FY 14.

10 Expenditure Highlights (Continued) 911 Budget includes funds for a full year of salaries for three new dispatch positions approved in FY 15 budget as well as one-time costs for setting up a backup Public Safety Answering Point (PSAP) as mandated by the State 911 Board Board of Elections budget includes funds to meet new State requirements for additional staff at polling places $70,341 appropriated for continued work on the Courthouse (previously set-aside funds from Capital Outlay) $75,000 appropriated to Contingency

11 Expenditure Highlights (Continued) Final budget includes funds to: Replace software system in the Tax Office Employ a part-time (18 hours per week) Veterans Services Officer on a trial basis for FY 2016 Contract staffing for one year to assist with the evidence room at the Sheriff s Office Employ an additional building inspector to address increased permit activity and to allow existing staff to devote more time to planning and economic development efforts