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Financial Insights: Present & Future Revenue Trends in the County

Explore the breakdown of total revenue and debt allocation in the county's budget, highlighting the importance of balancing planned and actual expenses with revenue streams for financial stability and emergency preparedness.

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Financial Insights: Present & Future Revenue Trends in the County

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  1. Where we are and Where we are Going A Look to the Future

  2. How is the Revenue Divided? Total Revenue w/o Reserves $16,437,201 Debt 5.2% Paid First Precincts 22.51% General Fund 72.29% Based on 2019-2020 Budget

  3. Definitions • Budgeted Revenue & Expenses = Planned Revenue and Expenses for a budget year. Not Real cash money ! • Actual Revenue & Actual Expenses = Reality of the Revenue Stream for a budget year and is Real cash money . • Balance Budget = Both Planned (Budgeted) and Actual (Reality) Expenses must never be larger than Revenue

  4. Planned Budgeted Expenses are Greater than Planned Budgeted Revenue since 2011 *2019-2022 projected estimates

  5. Actual Expenses and Revenue StreamExpenses often exceed Revenue *2019-2022 projected estimates

  6. Debt ServiceWhat did county receive for this debt? Answer $12.5 million Budgeted Revenue= Taxes & Interest Budget Expenses= Principle + Interest+ Fiscal Charges

  7. How much money needs to be in the General Fund for Emergencies? • Based on 2018 Actual Expenses for one year =$11,317,649 • Current General Fund Balance as of September 30, 2018 $4,955,961 • Goal is the balance of the General Fund should be at least 20% - 30% of total actual Expenses for any given year

  8. Balance of General Fund decreasing over time • 2018 = $4,955,961 • 2019 = $4,355,961 • 2020 = $3,550,166 • 2021 = $3,079,785 Note: General Fund Reserves are being utilized to pay Actual expenses over and above the Actual revenue leading to a depletion of funds

  9. Total Frozen Taxable Home Value Increasing Graph by Mike Jones

  10. Summary Balance Budget = Expenses must never be larger than Revenue

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