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July Budget Workshop

July Budget Workshop. FY 14 Budget Status. FY 14 General fund BUDGET Data. FY 14 General fund BUDGET Data including BP Settlement. BP MONIES. Received into the General Fund: $8,000,000 FY 14 estimated ending cash balance without BP funds: Approximately ($2,600,000)

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July Budget Workshop

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  1. July Budget Workshop FY 14 Budget Status

  2. FY 14 General fundBUDGET Data

  3. FY 14 General fundBUDGET Data including BP Settlement

  4. BP MONIES • Received into the General Fund: • $8,000,000 • FY 14 estimated ending cash balance without BP funds: • Approximately ($2,600,000) • With the recognition of the BP funds: • Approximately $5,400,000 • Therefore we are using $2,600,000

  5. FY 14 Constitutional Requests

  6. FY 14 Court Operations

  7. FY 14 Court Operations(con’t) *Revenue for Technology FY 13 $299,250 FY 14 $373,000

  8. Budget Issues for FY 14 • Transportation • Still $1.7M out of balance • Possible solutions include additional capital cuts or increasing general fund transfer • MSTU-Fire Services • Taxable value continues to go down (1.66%) • As of this meeting the MSTU-Fire Fund is out of balance $418k • Possible solution is an intra-fund loan from Builder Services • Retail Water/Wastewater • Still $1.7M out of balance • Possible solutions include intra-fund loan from Wholesale Water • Longterm solution is increasing flows to North Bay wastewater plant

  9. Pay Supplement • Budget committee met to discuss a pay supplement • One idea that came out of the meeting was for the Board to fund a one time amount per employee. • Each constitutional could then dispense it as they saw fit for their respective offices • Most of the funds are already in the budget between the Board tier amounts and Sheriff’s requested amount

  10. Budget Status FY14 • July • Certified taxable value from Property Appraiser • Completely balanced budget by the 15th (not the final) • At some point in July vote on millage ceiling • August • Certify Millage Ceilings to Property Appraiser and Tax Collector • TRIM notices sent out by Property Appraiser • Potential workshops if needed • September • Two public hearings to adopt millages and final FY 14 budget

  11. Questions/Comments

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