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BOARD OF COUNTY COMMISSIONERS FY11 Budget Workshop May 18, 2010

BOARD OF COUNTY COMMISSIONERS FY11 Budget Workshop May 18, 2010. FY10 GENERAL FUND BUDGET SUMMARIES. Summary of FY10 Adopted General Fund Budget. FY10 Adopted Budget County General Fund Agencies. * Excluding Mandated Health Payments. Facilities Maintenance Division Budget Allocation.

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BOARD OF COUNTY COMMISSIONERS FY11 Budget Workshop May 18, 2010

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  1. BOARD OF COUNTY COMMISSIONERS FY11 Budget Workshop May 18, 2010

  2. FY10 GENERAL FUND BUDGET SUMMARIES

  3. Summary of FY10 Adopted General Fund Budget

  4. FY10 Adopted Budget County General Fund Agencies *Excluding Mandated Health Payments

  5. Facilities Maintenance Division Budget Allocation

  6. FY 11 PROPOSED BUDGETSBSO & SUPERVISOR OF ELECTIONS

  7. BSO General Fund Budget Summary ($ in Millions)

  8. BSO Admin & Support Services – 353.6 FTEs($ in millions)

  9. BSO Detention & Community Control 1,747 FTEs($ in millions)

  10. Broward County Jail Average Daily Population by Month

  11. BSO Regional Law Enforcement - 1,146.6 FTEs($ in Millions)

  12. BSO Regional Fire – 123 FTEs($ in Millions)

  13. SUPERVISOR OF ELECTIONS BUDGET - 72 FTEs($ In Millions)

  14. FY12 OUTLOOK AND FY11 PROPERTY TAX SCENARIOS

  15. FY12 Outlook • Continued decline in tax roll • Up to $6B estimated State Budget Gap due to depletion of Stimulus Funds • Dramatic proposed increases to FRS Rates due to unfunded liability • Continued health insurance cost pressures • BSO cost deferrals • Potential increase in jail population

  16. Multi-Year Taxable Value Forecasts • FY12 - -3.1% • FY13 - -.9% • FY14 - -.1% • FY15 - .5% Source: March Florida Revenue Estimating Conference

  17. FY11 Property TaxesSame Rate for Operating & Capital($ in Millions)

  18. FY11 Property Taxes Rolled-Back Rate for Operating & Capital ($ in Millions)

  19. FY11 PROPERTY TAX SCENARIOS – RESIDENTIAL PROPERTIES

  20. Summary of Cuts Needed in Various Millage Scenarios(assuming proportionate cuts)

  21. County agency reductions

  22. FY11 County Agency Reduction Scenarios • Rolled-Back Rate - $9M (2.5%) • Same Rate - $ 54.7M (15.1%) • Same Rate Plus BSO’s Shortfall - $109.2M (30.1%)

  23. County Agency Budget Comparison FY07 – FY10 *Excluding Mandated Health Payments **Includes utilities

  24. RESERVES

  25. Recommended General Fund Reserve for Emergencies/Cash Flow Approach • Establish reserve policy @ 10% of Budget • Allocate any amount above this level to an account to be utilized over a three year period to assist with tax relief

  26. Recommended General Fund Reserve for Emergencies/Cash Flow Approach (cont’d) • For example, if general fund totals $950 million in FY 11 • Establish emergency reserves at $95M (currently $109M) • Utilize $14M over three year period • Provides $4.7M relief in FY11 • $4.7M impact will need to be addressed in FY14

  27. Next steps

  28. Continue Staff Analysis of Constitutional Officer Proposed Budgets & County Agency Reduction Options • Individual Budget Briefing Meetings with Commissioners on June 10th and 11th • Budget Workshop to Review Administration’s Recommendations on June 22nd

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