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FY 12/13 Tentative Operating Budget July 16, 2012

FY 12/13 Tentative Operating Budget July 16, 2012. Michael J. Ortega, P.E., County Administrator Lois Klein, Finance Director. Overall Budget Summary. FY 12/13 General Fund Shortfall ~ $1.2M No change to Property Tax Rate

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FY 12/13 Tentative Operating Budget July 16, 2012

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  1. FY 12/13Tentative Operating BudgetJuly 16, 2012 Michael J. Ortega, P.E., County Administrator Lois Klein, Finance Director

  2. Overall Budget Summary FY 12/13 General Fund Shortfall ~ $1.2M No change to Property Tax Rate Long Term Shortfall amount will depend on State Impact and Additional Revenue Reserves adequate to cover through FY 15/16 Decision Packages – some now, others later Continued focus on Strategic Plan implementation Continued focus on Pay for Performance - Compensation Plan Employee Engagement through gain sharing important

  3. FY 11/12 – Cash Balances Cash Carry Forward (General Fund) FY 08/09 (Actual) $ 20,332,174 FY 09/10 (Actual) $ 21,385,903 FY 10/11 (Actual) $ 25,031,830 FY 11/12 (Actual) $ 29,849,173 FY 12/13 (Projected) $ 30,861,018 Available $ 12,861,018 Carryover to cover P/R, ALTCS AHCCCS and Ins. $ 18,000,000 * Accumulated $ 10.5M since FY 07/08 Cash Carry Forward (Other Funds) FY 10/11 CashRestrictedAvailable Flood Control $ 4,692k $ 4,692k $ 0 HURF $ 4,494k $ 4,494k $ 0 ½ Cent Sales Tax $ 11,742k $ 0 $ 11,742k Other Funds $ 12,763k $ 12,763k $ 0 Library $ 853k $ 853k $ 0

  4. Historical Revenues

  5. FY 12/13 – 15/16 Projections

  6. Cash FlowFY 11/12 – FY 15/16

  7. FY 12/13 General Fund Summary of Changes Please note shortfall does not include requests from Departments/Offices

  8. FY 12/13 Budget Issues Revenues Property tax rate – reduced assessed values Sales Tax – CSA recommending 10% increase Expenses Fuel 360k gal – gas ($4.25/gal), 355k gal – diesel ($4.50/gal) Retirement Costs Medical Examiner Potential issues Additional State Hits Indigent Defense Capital Cases ($1.5M) Fuel Volatility Sales Tax Volatility Loss of Grants – HIDTA, Byrne – SO and CAO Medical Examiner – unknown costs

  9. FTE’s Allocated FY 11/12 972 Proposed Changes FY 12/13 Health Dept (Reduction) 1 Proposed FY 12/13 971* * Frozen Vacancies/Requests from Depts./Offices not included FY 12/13 Personnel

  10. Primary Property Tax Rate FY 12/13 Rate $2.6276/$100 $ (300k) Rate unchanged from FY 11/12 $ 0.01 = $ 104k in revenue to GF

  11. Secondary Property Tax Rates Library District FY 12/13 Rate $ 0.1451/$100 ($ 44,404) Rate unchanged from FY 11/12 $ 0.01 = $ 106k Flood Control District FY 12/13 Rate $ 0.2597/$100 ($ 78,836) Rate unchanged from FY 11/12 $ 0.01 = $ 90k

  12. ½ ¢ Cent Sales Tax Summary

  13. Decision Packages • See attached list • One time expenses vs. ongoing • $1.8M in 1/2¢ Sales Tax as undesignated • Includes $1.0M for Highways Projects • $900k available for DPs • Will request submittals for DPs later in fiscal year

  14. FY 12/13Budget Recommendations

  15. Schedule • Budget Team meetings with Depts. Complete • Follow up Work Session with BOS Complete • Tentative Budget to BOS (Final Review) 7/16/12 • Final Budget adopted by BOS 8/06/12 • Tax Rates & Levies adopted 8/20/12

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