0 Overview Highlights from March Board Retreat o FY 2018 - PowerPoint PPT Presentation

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Overview Highlights from March Board Retreat o FY 2018 Recommended Budget Overview o Budget Ordinance Overview o Items of Clarification o Public Hearing Feedback and Other o Funding Requests WCPSS o Other Topics and Comments from o Commissioners Next Steps o 1

Highlights from March Board Retreat 2

General Fund Per Capita Growth Lower on Average than Before the Recession; 3.1% vs. 2.8% General Fund Expenditures 20.0% 1,400 Per Capita 1,200 15.0% 1,000 10.0% 800 600 5.0% 400 0.0% 200 -5.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Years Per Capital General Fund Expenditures Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 3

General Fund by Component Per Capita General Fund 1,400 Per Capita 1,200 1,000 800 600 400 200 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Wake County Operations Transfers for Debt and Capital Wake Tech WCPSS School Funding 4

General Fund Percentage, by Component • WCPSS and Wake Tech allocations remains relatively constant • Transfers are growing as a % of total budget • County Operations declining as % of budget since 2006 Wake County Operations, Transfers for Debt Service, Capital, Wake Tech, and WCPSS Operating 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Wake County Operations Transfers for Debt and Capital Wake Tech WCPSS School Funding 5

WCPSS Operating in Dollars WCPSS Operating Funding 450,000,000 20.0% 400,000,000 15.0% 350,000,000 300,000,000 10.0% 250,000,000 200,000,000 5.0% 150,000,000 100,000,000 0.0% 50,000,000 -5.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Years WCPSS School Funding Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 6

WCPSS Operating Per Pupil WCPSS Per Pupil Growth 3,000 20.0% 2,569 2,633 2,456 2,500 15.0% 2,244 2,255 2,246 2,188 2,143 2,129 2,136 2,200 2,057 2,076 2,114 2,157 1,858 1,922 1,947 2,000 10.0% 1,577 1,500 5.0% 1,000 0.0% 500 -5.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Years WCPSS School Funding Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 7

WCPSS Operating Per Pupil Adjusted for Inflation WCPSS Per Pupil Growth Adjusted for Inflation 3,000 20.0% 2,628 2,569 2,633 2,524 2,575 2,553 2,560 2,525 2,502 2,502 2,525 2,473 2,456 2,500 15.0% 2,345 2,234 2,185 2,156 2,224 2,192 2,000 10.0% 1,500 5.0% 0.0% 1,000 -5.0% 500 -10.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Years WCPSS School Funding Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 8

WCPSS Operating Per Capita WCPSS Per Capita Growth 450 20.0% 407 390 400 375 351 351 15.0% 346 350 336 337 333 330 328 327 325 317 313 292 300 288 276 10.0% 250 237 200 5.0% 150 100 0.0% 50 -5.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Years WCPSS School Funding Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 9

Transfers for Debt & Capital Dollars, Driven by Capital Plans Wake County Transfers for Debt Service and Capital 20.0% 350,000,000 300,000,000 15.0% 250,000,000 10.0% 200,000,000 150,000,000 5.0% 100,000,000 0.0% 50,000,000 -5.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Years Debt Service Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 10

Transfers for Debt & Capital Dollars Per Capita 20.0% 350 Wake County Transfers for Debt Service and Capital Per Capita 300 15.0% 250 10.0% 200 150 5.0% 100 0.0% 50 -5.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Years Per Capita Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 11

County Operations are Increasing at a Lower Rate on Average than Before the Recession; 8.6% vs. 3.5% Wake County Operations, excluding Transfers for Debt Service, 20.0% 600,000,000 Capital, and WCPSS 500,000,000 15.0% 400,000,000 10.0% 300,000,000 5.0% 200,000,000 0.0% 100,000,000 -5.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Years Wake County Operations Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 12

County Operations Per Capita Lower than Before the Recession Per Capita Wake County Operations, excluding 20.0% 600 Transfers for Debt Service, Capital, and WCPSS 500 15.0% 400 10.0% 300 5.0% 200 0.0% 100 -5.0% 0 FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Years Wake County Operations Annual Change FY00 - FY07 Avg Change FY11 - FY18 Avg Change 13

Human Services Percent Reduced; Public Safety has increased as portion of budget Wake County Operations, excluding Transfers for Debt Service, Capital, and WCPSS 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY 17 FY18 Public Safety Human Services Community Services General Services Administration Environmental Services General Government 14

Quadrant Definitions No Service Choice/No Funding Choice County is required to provide service through its existing policies or legislative (federal or state) requirements and the service minimum and funding levels are prescribed No Service Choice/Funding Choice County is required to provide service through its existing policies or legislative (federal or state) requirements, but has flexibility in the level of funding Service Choice/No Funding Choice County has the option to provide the service. However, if the County chooses to offer the service, funding levels are prescribed Service Choice/Funding Choice County has complete discretion over both service and funding levels 15

County Operations Service Matrix Majority (72%) of County Service Choice / services are required No (blue and red) Funding Service Choice Choice / 4% Wake County choice mostly Funding around funding, which drives Choice 24% extent to which we meet growth demands, extent to which we meet service No No Service delivery demands Service Choice / Choice / No Funding Funding Choice Choice 46% 26% 16

FY 2018 Recommended Budget Overview 17

Recommended FY 2018 General Fund Budget $1,261,415,000 Recommended property tax rate - 61.5 cents 1.45 cent increase from FY 2016-17 18

FY18 General Fund Revenues Property and Other Taxes, 1.2% Sales Taxes Sales Tax, Charges for 15.1% make up 85% Services , 5.0% Licenses and of the Permits, 0.4% County Federal, State & Local, 7.8% Property Tax, General 70.1% Fund Transfers, Misc and revenue Other Sources, <1% 19

FY18 General Fund Expenditures 44% ($556.3 million) Community and Environmental supports spending Human Services, 3.7% Services, 16.5% for County Public Safety, 11.3% operations, debt Wake Tech Debt service and capital & Capital, 2.4% 52% ($654.1 million) General WCPSS Debt & Government, supports WCPSS Capital, 18.1% 8.0% operating and capital County Debt & Capital, 4.6% 4% ($51 million) support Wake Tech Wake County Wake Technical Public School Community System, 33.8% College, 1.7% 20

FY 2018 Appropriations F und Pr imar y Re ve nue Sour c e (s) F Y18 Adopte d Ge ne r al F und Pr ope r ty and sale s taxe s, c har ge s for se r vic e $1,261,415,000 De bt Se r vic e T r ansfe r s fr om pr ope r ty & sale s taxe s, Bonds $273,360,000 Housing and Community Inte r gove r nme ntal - F e de r al $7,828,000 Re vitalization Capital Ar e a Wor kfor c e Inte r gove r nme ntal - F e de r al $5,089,000 De ve lopme nt F ir e T ax Distr ic t Pr ope r ty taxe s $26,496,000 T r anspor tation Gr ants, Me dic aid, F ar e Box $8,730,000 Gr ants Inte r gove r nme ntal $2,802,454 Major F ac ilitie s Pr e par e d food & oc c upanc y taxe s $56,322,000 Solid Waste Ope r ating Char ge s for Se r vic e s $14,500,000 South Wake L andfill Par tne r ship Char ge s for Se r vic e s $17,500,000 Cor por ate F le e t Char ge s for Se r vic e s $9,648,000 County Capital CIP T r ansfe r s fr om pr ope r ty taxe s, bonds $38,712,000 E duc ation CIP T r ansfe r s fr om pr ope r ty taxe s, bonds $332,998,014 F ir e Re sc ue CIP Pr ope r ty taxe s, de bt financ ing $5,240,000 Major F ac ilitie s CIP Pr e par e d food & oc c upanc y tax tr ansfe r s $3,000,000 Solid Waste CIP Char ge for Se r vic e tr ansfe r s $1,600,000 T OT AL AL L F UNDS $2,065,240,468 21

Budget Ordinance Overview 22