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GENERAL EXPENSE

GENERAL EXPENSE. FY 2012-2013 Proposed Budget Christine Moody, Budget & Financial Planning Manager. Purpose. Consolidation of Non-departmental mandated and essential payments and services that cannot otherwise be allocated to individual departments. Debt Service Special Services & Projects

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GENERAL EXPENSE

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  1. GENERAL EXPENSE FY 2012-2013 Proposed Budget Christine Moody, Budget & Financial Planning Manager

  2. Purpose • Consolidation of Non-departmental mandated and essential payments and services that cannot otherwise be allocated to individual departments. • Debt Service • Special Services & Projects • Tourism • Title III • Risk & Benefits • General Fund

  3. Debt Service County limited by ORS 287.053 to carry debt on limited tax full faith & credit bonds of no more than 1% of real market value on taxable property within the county. ORS 287.054 similarly provides a debt limit on general obligation bonds of 2% of real market value. TOTAL OUTSTANDING DEBT: $103.5 million Total FY 12-13 Debt Service Payments: $12.6 million

  4. Special Services & Projects • Economic Development • Funded primarily with Video Lottery from State of Oregon • 50/50 split between general allocation program and economic development strategic investment projects. • Courthouse Facility Security • Revenue from court fines, fees & assessments. Expenditures must develop or implement court security improvement. • Capital Projects • Juvenile Justice Center construction fund – contains balance of voter approved GO-bonds. Remaining balance is completing remodel of National Guard Armory on Serbu Youth Campus. Done in FY 12-13 • County School Funds • National Forest Svc & State Timber Harvest Payments (now that Secure Rural Schools has ended). Transfer all funds to Lane Education Service District which transfers to county schools.

  5. Transient Room Tax • Transient Room Tax revenue for enhancement of Visitor Industry which is in the business of attracting and providing services and accommodation to support the convention business and tourism. • Travel Lane County (fna CVALCO) • Capital Improvements (Lane Events Center) • Lane County Historical Museum • Rural Tourism Program • Special Projects • Parks • Receipts of tax show slow economic recovery. Olympic Trials in summer 2012 will provide boost.

  6. Title III • Secure Rural Schools (SRS) provided federal funding for timber dependent counties in regions with substantial holdings of federal forests. Title III portion of this funding used exclusively for: • Firewise Communities program • Lane County has a grant program run through Land Management in Public Works. Encourages local solutions for wildfire safety. • Search & Rescue and other Emergency programs • Search & Rescue, Wildland Policing, National Dunes & Communication tower upgrades • Wildfire Protection Plans • Lane County developed under prior SRS legislation.

  7. Title III • Lane County receipt of Title III revenue: All Title III funding is eliminated with the expiration of the SRS legislation. Reserves of these funds - $2.1 million – is being spent in FY 12-13. Public Safety services are stable, while Firewise Program is being reduced from $1.1 million in FY 11-12 to $512,000 in FY 12-13.

  8. Risk & Benefits • Risk Fund • Fund holds reserves for payment of both general liability and workers’ compensation claim payments. • County began paying for excess liability insurance in FY 10-11 as a result of increases in Tort Claims limits by the legislature. • Due to higher litigation, Risk Fund began paying for one attorney in County Counsel office beginning July 1, 2012 • Benefits Fund • Health, Dental, PERS, Deferred Comp, all employer taxes • Retiree Benefit Fund • Retiree Medical insurance benefit (no longer given to new EEs) • Unemployment Reserve. • County is self-insured and receives quarterly bill. Anticipated that majority of reserve ($1 million) will be spent with FY 12-13 layoffs. Rate may increase in FY 13-14.

  9. General Fund • Revenue & expenses required to meet Countywide operating requirements within the General Fund. • REVENUE • Property Tax Revenue • Cigarette, Liquor, Car Rental and Amusement taxes • Timber Payments from O&C Lands • EXPENDITURES • Debt Service transfers • Legal ad expenses • Association Dues – separate attachment • Metro TV, etc • Prudent Person and Service Stabilization reserve

  10. General Fund • General Fund Reserve Policy • 5% Prudent Person – ‘emergency reserve’ • 5% Economic Stabilization Reserve • Use of this reserve can be approved through budget process. Committee should consider trends: • Revenue growth below 2.5% annually • Unemployment rate in excess of 7% (March 2012=8.3%) • If used, should restore in 2 fiscal years.

  11. General Fund • Reserve History • FY 12-13 General Fund Reserve is $6.8 million, or 10% of operating revenue.

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