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County of Nevada

County of Nevada. Board Of Supervisors Fiscal Report January 27, 2003. (UNAUDITED). County of Nevada. Significant Fiscal Events To Date In 2002/2003 Operating Results Through 12/31/02 Fiscal Uncertainties and Threats Potential Contingency Actions. Fiscal Position 6/30/2002.

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County of Nevada

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  1. County of Nevada Board Of Supervisors Fiscal Report January 27, 2003 (UNAUDITED)

  2. County of Nevada • Significant Fiscal Events To Date In 2002/2003 • Operating Results Through 12/31/02 • Fiscal Uncertainties and Threats • Potential Contingency Actions • Fiscal Position 6/30/2002

  3. 2001/2002 Fiscal Results • 2001/2002 Ended Modestly Better than Anticipated General Fund Revenues Exceeded Expenditures: Note: $1.3 Million in One-Time GASB 34 Residual Equity Transfers from Closed Funds

  4. General Fund Discretionary Revenues

  5. General Fund Discretionary Revenues

  6. 2001/02 General Fund Revenues by Source

  7. 2001/02 General Fund Expenditures by Category

  8. 2001/02 Other Operating Funds

  9. 2001/02 Expenditures By Department

  10. GF Fund Balance

  11. Realignment Special Revenues

  12. Road/MVLF/Measure F/CIP

  13. June 30, 2002 Perspective • General Fund Results for 2001-2002 Improved the Picture by $2,354,000, Allowing for Recommendation to Fund Expected PERS Cost Increases • Discretionary Revenues Continued Modest Upward Trend in 2001-2002 • Other Operating Funds Also Ended 2001-2002 Positively • Road CIP Funding Positive • HSA & Environmental Health Fund Balances Available to Backfill • Financially Solvent

  14. 2002/2003 Budget Fiscal Position & Plan • Prepared to Maintain Current Levels of Service to Citizens absent Negative State Actions • Balanced 02/03 Budget Along With Increase in Reserves for Technology, Space, and un-funded Liabilities • Financially Solvent

  15. 2002/2003 Mid-Year Significant Fiscal Events • Certain Fund Balance Changes & Recommendations • Release of 6/30/02 Encumbrances & Associated Reduction in Supplemental Appropriations • Positive Impact of Vacancy Elimination • Positive Consolidated Budget Amendment #1 • Memorandums of Understanding with Certain Bargaining Units • Commitments for Certain Separation Payments

  16. 2002/2003 Budget Changes to GF Fund Balance

  17. 2002/2003 Changes to Contingency Budget

  18. Q2 2002/2003General Fund Discretionary Revenues

  19. Q2 2002/2003 General Fund Expenditures by Category

  20. Q2 General Fund Revenue/Expenditures

  21. Q2 2002/03 Other Operating Funds

  22. Uncertainties/Threats • PERS • Miscellaneous 2003/04 2.7% 2004/05 7.5% • Miscellaneous Each 1% Approximately $400K • Public Safety 2003/04 4.3% 2004/05 13.5% • Public Safety Each 1% Approximately 40K • Public Safety Move to 3% @ 50 • MOUS • Results/Costs of Lawsuits • IHHS Public Authority Escalating Costs • CSS Incentive Revenue Return to State • Space Needs

  23. State Budget Impacts • MVLF Backfill Elimination • Realignment 2 • Others

  24. Potential Contingency Actions • Intensified Vacancy Review • RIF through attrition • No New FTEs in 2003/04 Budget • No Supplementals in 2003/04 Budget

  25. Recap Vigilance

  26. County of Nevada Board Of Supervisors Fiscal Report January 27, 2003

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