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St. Tammany Parish Financial Review

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St. Tammany Parish Financial Review

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    1. St. Tammany Parish Financial Review December 2009

    2. St. Tammany Parish 2010 Budget Last week the Parish Council adopted the budget for 2010 The $97 million budget includes $70 million for operations, $17 million for capital projects and $10 million for debt payments. Last week the Parish Council adopted the budget for 2010 The $97 million budget includes $70 million for operations, $17 million for capital projects and $10 million for debt payments.

    3. St. Tammany Parish 2010 Budget Of the $97 million - $18 million supports outside agencies such as the Jail, Coroner, and Criminal Courts with another $4.6 million for mandated costs. (Judges, DA, Jurors, Baliffs) These outside agencies are included in the Parish budget for financial reporting purposes – since the Parish levied the tax or has been named custodian of the funds by State law Other major expenditures are Roads and Drainage $42 million Of the total budget $9 million is available for the operation of Parish Government departments Of the $97 million - $18 million supports outside agencies such as the Jail, Coroner, and Criminal Courts with another $4.6 million for mandated costs. (Judges, DA, Jurors, Baliffs) These outside agencies are included in the Parish budget for financial reporting purposes – since the Parish levied the tax or has been named custodian of the funds by State law Other major expenditures are Roads and Drainage $42 million Of the total budget $9 million is available for the operation of Parish Government departments

    4. St. Tammany Parish General Fund General Fund Expenditures are as follows: Parish Departments 60% State Mandated Costs 35% (Courts, D.A., Reg. of Voters) General Expenditures 5% The general fund is the only non-dedicated funding in parish government. From this fund, we pay state-mandated expenses and support government functions. We collect $3.8 million in the parish alimony tax to support these functions.The general fund is the only non-dedicated funding in parish government. From this fund, we pay state-mandated expenses and support government functions. We collect $3.8 million in the parish alimony tax to support these functions.

    5. St. Tammany Parish 2010 General Fund Budget This is the detail of the General Fund.This is the detail of the General Fund.

    6. St. Tammany Parish Major Revenue Sources Property taxes Sales and Use taxes Grants

    7. St. Tammany Parish Property Taxes These are the millages that support our operations in St. Tammany Parish. These are the millages that support our operations in St. Tammany Parish.

    8. St. Tammany Parish Property Taxes Outside AgenciesOutside Agencies

    9. St. Tammany Parish Property Taxes Lighting and Special DistrictsLighting and Special Districts

    10. St. Tammany Parish Property Taxes Parcel fees lighting and special districts.Parcel fees lighting and special districts.

    11. St. Tammany Parish Sales Tax Jail Sales Tax – Dedicated to the construction & operations of Parish Jail facilities Justice Center Sales Tax – Dedicated to the construction & operations of the Justice Center Complex Both these taxes are projected to have a 6.5% decline in 2009. We have tightened our belts to keep expenditures within income. Sales Tax District 3 is dedicated to roads, streets & drainage in unincorporated St. Tammany Parish. We are projecting to close 2009 with a 12.5% reduction in revenue. We did, however, anticipate a reduction. We held off bidding and awarding capital projects from this fund until July 2009, when we had a solid revenue projection. Luckily, construction prices were also lower at that time. This allowed us to contract for all proposed projects for the year even with the revenue reduction. Jail Sales Tax – Dedicated to the construction & operations of Parish Jail facilities Justice Center Sales Tax – Dedicated to the construction & operations of the Justice Center Complex Both these taxes are projected to have a 6.5% decline in 2009. We have tightened our belts to keep expenditures within income. Sales Tax District 3 is dedicated to roads, streets & drainage in unincorporated St. Tammany Parish. We are projecting to close 2009 with a 12.5% reduction in revenue. We did, however, anticipate a reduction. We held off bidding and awarding capital projects from this fund until July 2009, when we had a solid revenue projection. Luckily, construction prices were also lower at that time. This allowed us to contract for all proposed projects for the year even with the revenue reduction.

    12. St. Tammany Parish Sales Tax Revenue Sales taxes are returning to their pre-Katrina levels, or even a little below what we had projected pre-storm. Should increase with improving economy.Sales taxes are returning to their pre-Katrina levels, or even a little below what we had projected pre-storm. Should increase with improving economy.

    13. Sales Tax Trends Justice, Jail and Sales Tax District 3

    14. St. Tammany Parish Grant Funding (2009 Budget) I am very proud of the work done by parish staff to seek and receive every available grant dollar to assist parish citizens. This chart gives you a relative breakdown of grants we are administering at this time. The numbers break down like this: Drainage: 29.7 million Environment 4.2 million Social Services 5.2 million Arts & Recreation 1.8 million Transit/Airport 12 million Flood Hazard Mitigation 6 million Homeland Security 2.5 million 63,992,008 I am very proud of the work done by parish staff to seek and receive every available grant dollar to assist parish citizens. This chart gives you a relative breakdown of grants we are administering at this time. The numbers break down like this: Drainage: 29.7 million Environment 4.2 million Social Services 5.2 million Arts & Recreation 1.8 million Transit/Airport 12 million Flood Hazard Mitigation 6 million Homeland Security 2.5 million 63,992,008

    15. Road Projects Funded By Federal Recovery Act (ARRA) for 2009-2010 Construction The Americans Reinvestment and Recovery Act came at time when St. Tammany Parish was prepared to take full advantage of the plan. Because we were working on the 2005 10-Year Infrastructure Plan, we had a number of projects that were ready for construction, a prime requirement of the Federal Act. 10 of 18 regional projects are taking place in St. Tammany. This funding helps achieve our 10 year infrastructure plan and allows local tax dollars to be used for additional projects. The Americans Reinvestment and Recovery Act came at time when St. Tammany Parish was prepared to take full advantage of the plan. Because we were working on the 2005 10-Year Infrastructure Plan, we had a number of projects that were ready for construction, a prime requirement of the Federal Act. 10 of 18 regional projects are taking place in St. Tammany. This funding helps achieve our 10 year infrastructure plan and allows local tax dollars to be used for additional projects.

    16. Drainage Projects Funded By LA Recovery Authority for 2010 Construction

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