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Missoula County 2012 Budget Adoption

Missoula County 2012 Budget Adoption. September 14, 2011. 2012 Chronology of Events to Date. Budget Process began in late April 2011. The budget parameters were explained to the Department Heads at the budget kickoff meeting Departmental Budgets and Enhancement Requests were due May 20, 2011

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Missoula County 2012 Budget Adoption

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  1. Missoula County 2012 Budget Adoption September 14, 2011

  2. 2012 Chronology of Events to Date • Budget Process began in late April 2011. The budget parameters were explained to the Department Heads at the budget kickoff meeting • Departmental Budgets and Enhancement Requests were due May 20, 2011 • The CFO and Staff analyzed the budgets and enhancement requests, the prepared an budget and enhancement request analysis for Commissioner review and action.

  3. 2012 Chronology of Events to Date • From June 1st through the 17th the Commissioners met with each department and reviewed their budget requests. • On June 24th the Commissioners met with the CFO and CAO to determine which of the 104 enhancement request would be approved. • Following this process the Departments were notified and given an opportunity to address the Commissioners in a Admin Committee meeting.

  4. 2012 Chronology of Events to Date • The Preliminary Budget Hearing was noticed and held on July 27, 2011 • The County received the Property Valuations from the Department of Revenue on July 29, 2011 • Staff estimates slightly exceeded actual valuations so downward adjustments were made the revenue projections in the budget document • The Final Budget was presented and a Final hearing was held on September 7, 2011

  5. Missoula County Budget Summary • The Total Revenue Budget including transfers in is projected to be $102,457,435 • The Total Expense Budget including transfers out is projected to be $110,156,404. • The difference of $7,908,969 is the drawdown of bond proceeds (i.e. Open Space Bonds) and cash reserves set aside for specific purposes (i.e. the Capital Improvement Program, the Development park Infrastructure improvements, the Telephone system upgrade).

  6. Missoula County Budget Summary • Total County cash reserves are anticipated to end the year at $28,530,845 • All County Budgets are structurally balanced, that is ongoing revenues cover ongoing expenses • The Budget is balanced and sustainable.

  7. Missoula County Budget Allocations

  8. Rural Special Improvement Districts Budget • Total projected revenues are budgeted at $3,135,255 • Total projected expenses are budgeted at $3,500.013 • The difference of (4364,758 is funded through reserves established for these purposes. • RSID reserves are projected to end the year at $2,222,756

  9. Recommended Action • Approve Resolutions adopting 2012 Missoula County and RSID budgets

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