February 3, 2009

1. Hardin County Fiscal Court Budget Update First Half FY 08/09 February 3, 2009

2. Purpose To provide the community an update of the FY 2008/2009 Budget thru December 31, 2008

3. Agenda • Revenue • Expenditures • Department Expenditures • Personnel Expenditures • “Balance Sheet” • Comparison FY 07/08 vs. FY 08/09 • Key Areas to Monitor • Summary

4. Our Vision To be the Commonwealth’s premier county in which to live, work and raise our families.

5. Our Mission To maximize all available resources to provide well-planned, adequately resourced, and professionally executed public programs, infrastructure, and services to the citizens of Hardin County.

6. Budget OverviewFirst Half of FY 2008/2009 • Total Revenue = $16,423,333 • Total Expenditures = $14,695,008 • Maintaining budgeted level of services

7. Revenue Thru First Half of FY 2008/2009 54% Straight Line = 50%

8. Expenditures Thru First Half of FY 2008/2009 45.6% Straight Line = 50%

9. Department Expenditures Thru First Half FY 2008/2009 Straight Line = 50%

10. Personnel Expenditures Thru First Half of FY 2008/2009 1 Pay Periods: 13/26 = 50.00% 2 Total Adjusted for only one half of Workers’ Comp = 46.4% 3 Annual Budgeted Personnel Cost = 30.3% of Annual Budget 4 Budgeted Benefits = 33.8% of Budgeted PersonnelCost

11. “Balance Sheet”Thru First Half FY 2008/2009 $1,986,138

12. Revenue Thru First Half FY 2007/2008 vs. FY 2008/2009 $692,065

13. Expenditures Thru First Half FY 2007/2008 vs. FY 2008/2009 ($548,726)

14. Change Comparison Thru First Half FY 2007/2008 vs. FY 2008/2009 $1,240,791

15. Revenue “Challenges” • Board Designated Fund: • Budgeted $500K • Actual $100K • Landfill Revenue: • $273K less than expenditures for 1st 6 months • Motor Vehicle Ad Valorem Revenue: • $37K or 6% below budget • Truck Licenses are $20K below budget • Key Sources of Jail Revenue $87K less than last year

16. Potential Budget ReductionsPending Additional Revenue Shortfalls • “Zero Out” Contingency Fund • Community Support Contributions • Rocket Docket Funding • EMS Staffing • Sheriff’s Law Enforcement Supplemental • Road Department Equipment • Employee Layoffs – County Wide

17. Key Areas To Monitor • Solid Waste Income and Expenses • Asphalt/Road Work • Fuel Expenses • Jail Income and Expenses

18. Solid Waste Challenges for First Half of FY 2008/2009 • Revenues are $535K less than last year • Expenditures are $399K less than last year • Expenditures exceeded Revenue by $273K • Waste Volume for 2008/2009 is 100K tons vs. 155K tons for 2007/2008 • Annual Budget based on 250,000 tons • Annual projection is now 180/200,000 tons • Revenue from “Carbon Credits” anticipated to be $250/$400,000

19. Asphalt Surface Price FY04/05FY05/06 FY06/07 FY07/08 FY08/09

20. Road Department Annual Comparison (Including LGEA) • During the last 3 full fiscal years, tons of asphalt used decreased by 35% • * “State Supplement” included in “Revenue” • ** Carry over from FY 2006/2007 • *** Carry over from FY 2007/2008 • **** PROJECTED FY 2008/2009

21. Fuel Expenses Straight Line = 50% * Projected under current conditions

22. Key Sources of Detention Center Revenue Thru First Half

23. Key Areas of Detention Center Expenditures Thru First Half

24. Detention Center Summary Thru First Half of FY 07/08 vs. FY 08/09

25. SummaryFirst Half of FY 2008/2009 • First Half “Above the Line”Revenue of 47.4% • First Half Total Revenue = 47.6% • First Half Expenditures = 42.2% • Personnel costs were 48.8% vs. 50.0% Budgeted • Annual premiums for Workers’ Compensation Insurance and Property/Liability Insurance are paid during first quarter

26. Summary ContinuedFirst Half of FY 2008/2009 • Fuel costs are 49.4% of budgeted amount • Asphaltcostsincreased 95% over the last 3 years—36% over last 2 years • Jail Revenue & Expenditures are “tracking” with this year’s budget and are “in line” with last year’s amounts • Solid Waste Expenditures exceeded Revenue by $273K • Budget is: “STRETCHED BUT STILL HOLDING”