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BUDGET PROCESS

COUNTY CLERK BUDGET PROCESS RELATED TO CHAPTER 2008-111. Surplus County Remittance Requirements Monthly 1/12 remittance of projected surplus. 100% of “CHAPTER 2008-111 GR REVENUES” must be remitted monthly to DOR. SURPLUS COUNTIES (44 Counties). BUDGET PROCESS

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BUDGET PROCESS

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  1. COUNTY CLERK BUDGET PROCESS RELATED TO CHAPTER 2008-111 • Surplus County Remittance Requirements • Monthly 1/12 remittance of projected surplus. • 100% of “CHAPTER 2008-111 GR REVENUES” must be remitted monthly to DOR. SURPLUS COUNTIES(44 Counties) • BUDGET PROCESS • Original Revenue less Expenditures, will determine if the Clerk is a deficit or a surplus. • Clerk will only use the fine and fee amounts before Chapter 2008-111 to determine Clerk Revenue. • “CHAPTER 2008-111 GR REVENUES” will not be included in the Clerk’s revenue amount used for budgeting purposes but will be tracked separately. • Deficit County Remittance Requirements • No monthly remittance related to original revenues (deficit county). • “CHAPTER 2008-111 GR REVENUES” can be used to offset a deficit and bring the county to breakeven. • Remaining “CHAPTER 2008-111 GR REVENUES” after offsetting deficit must be remitted monthly. • There can be 2 types of Deficit Clerks; • Full Offset Deficit Clerk: CHAPTER 2008-111 GR REVENUES will cover deficit and NET Chapter 2008-111 GR REVENUES will be remitted to the Trust Fund. • Residual Deficit Clerk: CHAPTER 2008-111 GR REVENUES do not cover deficit and the Clerk will still receive payments from the Trust Fund. DEFICIT COUNTIES (23 Counties) • CHAPTER 2008-111 GR REVENUES • (FINES AND FEES ADDED BY Chapter 2008-111) • “CHAPTER 2008-111 GR REVENUES” will be tracked and reported separately from original revenues. • The revenue generated from CHAPTER 2008-111 will not be used in determining a Clerk’s operating budget. • All additional fines and fees generated by CHAPTER 2008-111 will be remitted to DOR directly. “CHAPTER 2008-111 GR REVENUES” USED TO OFFSET DEFICIT THE FLOW OF REVENUE AFTER CHAPTER 2008-111 SURPLUS CLERK REVENUE REMITTANCE FULL OFFSET DEFICIT CLERK REVENUE REMITTANCE RESIDUAL DEFICIT CLERK REVENUE REMITTANCE Year-End Settle Up 1/12 of budgeted surplus Monthly CHAPTER 2008-111 GR Revenues Collected Year-End Settle Up Monthly NET CHAPTER 2008-111 GR Revenues Year-End Settle Up Monthly NET CHAPTER 2008-111 GR REVENUES (if actual CHAPTER 2008-111 GR Revenue covers Actual Deficit) Residual Deficit Clerk will receive monthly payments from the trust fund to cover remaining deficit after “CHAPTER 2008-111 GR REVENUES.” Clerk of Court Clearing Trust Fund TRUST FUND CHAPTER 2008-111 GR REVENUES generate approximately $10 million in additional revenue monthly.

  2. COUNTY CLERK BUDGET EXAMPLES RELATED TO CHAPTER 2008-111

  3. ACCOUNTING ENTRIES FOR CHAPTER 2008-111 GR REVENUES

  4. ACCOUNTING ENTRIES FOR CHAPTER 2008-111 GR REVENUES

  5. ACCOUNTING ENTRIES FOR CHAPTER 2008-111 GR REVENUES

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