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County of Beaufort

County of Beaufort. Fiscal Year 2018-2019 Recommended Budget Presentation May 14, 2018. FY 18-19 Recommended Budget. Presented as required by NCGS 159 Balanced and prepared in accordance with policies and procedures outlined in the Local Government Budget and Fiscal Control Act

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County of Beaufort

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  1. County of Beaufort Fiscal Year 2018-2019 Recommended Budget Presentation May 14, 2018

  2. FY 18-19 Recommended Budget • Presented as required by NCGS 159 • Balanced and prepared in accordance with policies and procedures outlined in the Local Government Budget and Fiscal Control Act • Contains 3 sections • Continuation Budget • Service Expansions • Fee Manual

  3. FY 18-19 Recommended Budget • July 1 – June 30 Budget Period • Process • Planning Retreat • Internal Budget Work • Budget Workshops (this week and next) • Public Hearing (June regular meeting) • Adoption (Special second June meeting)

  4. FY 18-19 Recommended Budget • Overview • Maintains all services and programs • Maintains prior year fire and EMS district tax levels • Makes adjustments for 2018 Revaluation • Recommended ad valorem tax rate of $0.60 for each $100 of assessed valuation • 3 cents for “revenue neutral” • 2 cents to maintain current County provided services

  5. FY 18-19 Recommended Budget • General Fund • $56,714,321 • Decrease of $1,147,730 from prior year • 2% decrease • Appropriates $251,457 in fund balance • Decrease of $793,383 from prior year • $15.67 M in fund balance est. June 30, 2019 • 27.63% of expenditures

  6. FY 18-19 Recommended Budget • Revenues • Property taxes $34,357,419 • $0.60 per $100 valuation • $5,730,622,022 total taxable valuation • Total real property valuation down 5.5% • Assumes 97.92% collection for real/personal • Assumes 100% for motor vehicle

  7. FY 18-19 Recommended Budget

  8. FY 18-19 Recommended Budget

  9. FY 18-19 Recommended Budget • Revenues • Sales and other taxes $9,360,061 • Up in current year • Based on broader base of taxes by General Assembly • FY 18-19 estimated to be up 4% • Anticipate trends leveling out next year

  10. FY 18-19 Recommended Budget • Revenues • Restricted and Intergovernmental $9,852,066 • Project lower in FY 18-19 • Mostly due to program changes in DSS • Childcare payments in NCFAST • Medicaid payments in NCTRACKS • Subject to change over the course of the year based on State and Federal programs

  11. FY 18-19 Recommended Budget • Revenues • Licenses, Fees and other $2,368,931 • Significant decrease from prior year • Due to one-time installment note proceeds related to the prior year $3M financing package • Projected slightly upward in FY 18-19 after removal of financing proceeds

  12. FY 18-19 Recommended Budget • Revenues • Investment earnings $220,000 • Projected increase in FY 18-19 due to investment changes in County’s portfolio in FY 16-17 • Interest rates projected to rise • March 2018 – Fed raised rate a quarter point to a range of 1.50% to 1.75% • Anticipated to raise two more times in 2018 • Would put rate at 2.25% going into 2019

  13. FY 18-19 Recommended Budget • Revenues • Administrative Charge $304,387 • New in FY 18-19 • Charged to Enterprise Funds • Pays back services used from the General Fund • Helps eliminate general fund tax subsidy to enterprise fund user fees • Based on specific units used (IT example)

  14. FY 18-19 Recommended Budget • Revenues • Appropriated fund balance $251,457 • Decrease of $793,383 from prior year • $15.67 M in fund balance est. June 30, 2019 • 27.63% of expenditures

  15. FY 18-19 Recommended Budget

  16. FY 18-19 Recommended Budget • Expenditures • Education $18,492,235 • Human Services $15,384,309 • Public Safety $11,871,763 • General Government $ 6,132,461 • Community Services $ 1,640,371

  17. FY 18-19 Recommended Budget • Expenditures • General Government • Decreased overall from prior year by 5.6% • Tax Assessor up - 3 positions moved from Planning • Tax Collector down - elimination of position and replacement with lock box service • Elections down - no municipal election • Register of Deeds up - automation funds • Maintenance, Buildings and Grounds up - furnishings for financial services center and Horne building repairs • Other departments flat or less

  18. FY 18-19 Recommended Budget • Expenditures • Human Services • Decreased overall by $1,667,113 or 9.8% • Driven by DSS changes in NCFAST and NCTRACKS • BATS – increase of $52,500 • Final year of 2-year adjustment approved last year • Eliminates subsidy provided by BCDC • Other departments decreased

  19. FY 18-19 Recommended Budget • Expenditures • Community Services • Down overall by $192,739 or 10.5% • Driven by elimination of Planning Director position • Services now contracted with local COG • Movement of 3 positions from Planning to Assessor

  20. FY 18-19 Recommended Budget • Expenditures • Education • Beaufort County Schools • Maintains FY 17-18 funding level • Beaufort County Community College • Slightly lower than FY 17-18 • Additional Campus Police Office moved to service expansion

  21. FY 18-19 Recommended Budget • Expenditures • Public Safety • Up overall by $349,488 or 3% • Emergency Management replacing vehicle • Animal Control replacing cat kennels due to State inspection requirements • Increased Jail Safe Keeping funds by $150,000 • Increased Medical Examiner funds by $25,000

  22. FY 18-19 Recommended Budget

  23. FY 18-19 Recommended Budget • Enterprise Funds • Water • $7,322,910 • Consolidation of the 7 water districts into a single operational water district using an interlocal agreement between the County and the districts • Incorporates new water rate study that consolidates existing rates over a five-year period into a uniform rate for all class customers • Established a formal 10-year CIP for the entire system • $380,338 is estimated to be added to Fund Balance Reserve

  24. FY 18-19 Recommended Budget • Enterprise Funds • Solid Waste • Projected $3,383,648, 4.89% increase • $145 per parcel maintained (utility fee – not tax) • Not charged to vacant land or parcels with recognized full service solid waste provider (pays tipping fee) • Corrected prior exempted properties • All residential waste costs • Municipal vs. other pick up • 11 convenience sites and transfer station • General fund transfer to pay for services

  25. FY 18-19 Recommended Budget • Schedule • Tonight – presentation of recommended budget • Budget Workshops • Thursday, May 17 – General Fund • Monday, May 21 – General Fund and Enterprise Funds • Tuesday, May 22 – Service Expansions (County and Outside Agencies) • Thursday, May 24 – Finalize Budget • Monday, June 4 (regular meeting) – Public hearing • Monday, June 11 (special meeting) – Adopt budget

  26. FY 18-19 Recommended Budget • Questions

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