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LEE COUNTY

LEE COUNTY. THIRD BUDGET WORKSHOP September 7, 2010. Actions Since Last Tuesday. 4% equivalents from Constitutionals/Courts $2,700,000 Sheriff $ 246,262 Court Admin. $ 118,725 Medical Ex. $ 55,720 Supvr. of Elections $3,120,707

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LEE COUNTY

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  1. LEE COUNTY THIRD BUDGET WORKSHOP September 7, 2010

  2. Actions Since Last Tuesday • 4% equivalents from Constitutionals/Courts • $2,700,000 Sheriff • $ 246,262 Court Admin. • $ 118,725 Medical Ex. • $ 55,720 Supvr. of Elections • $3,120,707 • Property insurance reductions ($960,000) • Input further cuts • 4% furloughs (approx. $4 million) • Public Safety and Transit cuts ($3.6 million) • Rebalanced funds

  3. General Fund • Use of Undesignated Reserves • $147 million 9-30-10 Balance • + 10 million Undesignate (Community Corrections) • + 25 million Undesignate (OPEB) • + 14 million Non-recurring revenue (vehicle replacement fund) • - 57 million Deficit • $139 million 9-30-11 Balance • $8 million decrease in FY10-11 • GF reserves at 15% of appropriations would be $55-$60 million

  4. Consolidated Budget

  5. Food for Thought • 1st Quarter FY10-11 (Oct. – Dec.) • Updated projections • Service level adjustments • Conservation 20/20 and Management Fund • $28 million vs. $36 million • Countywide Millage Rates • 2010 4.1506 • 2005 5.2736 • 2000 5.4875 • 1995 5.6221 • 1990 5.3170 • (1 mill equals $55 million in revenue)

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