Monmouth County Board of Chosen Freeholders 2009 Budget Introduction
2008/09 Financial situation � County revenues down $11,051,999 � Cost up $24,948,001 Anticipated shortfall of $36,000,000
Spring/Summer 2008 – budget forecast Realty Transfer fees $2,800,000 Interest Income $2,500,000 Fund Balance $6,100,000 $11,051,999 Revenue Shortfall
Spring/Summer 2008 – budget forecast Education $2,699,000 $24,948,000 Salaries & Wages Insurance $7,162,000 $1,940,000 Increased Costs Utilitites $1,700,000 Human Services $1,500,000 Capital Improvements $1,320,000 Debt Service Statuatory $525,000 Expenditures $8,100,000
Precautionary measures taken Summer 2008 � County departments held back 5% of discretionary spending � Overtime restricted to essential services � Asked dept. to prepare 2009 Other Expense budgets with 15% reduction � Eliminated 2 administrative positions in the Dept. of Healthcare Facilities
2009 Budget preparation actions (1 of 3) � Reduced Employee Paid Prescription plan for 2009 to save estimated $1.3 million � Reduced 2009 allocation to educational institutions by $941,000 � Reduced overtime budget by $2.6 million � Restructured the Medical Examiner’s Office to reduce costs by $200,000 � Eliminated “summer youth” program saving $370,000
2009 Budget preparation actions (2 of 3) � Removed $4.1 million projected capital expenditures � Reduced overnight travel allocation by 60 % � Suspended Employee Tuition Reimbursement Program unless contractually required � Department budget reductions of $5.6 million � Including reduced allocations to community non-profit human service agencies by $946,920
2009 Budget preparation actions (3 of 3) � Imposed county-wide hiring / promotion freeze for non-essential positions � Froze wages of 1,087 county employees at 2008 levels ($2.4 million est. savings) � Proposed wage freeze to 2,414 county employees in bargaining units ($4.8 million est. savings)
General Property Taxes 2008 Municipal Purposes 23% Schools County 60% Purposes 17%
Ratable Base � 2009 $129,130,000,000 projected � 2008 $127,408,793,979 � 2007 $119,359,170,505
Budget Overview 2008-2009 Financial Comparison 2008 Budget $481,114,000 2009 Budget $490,216,000 Increase 1.9 % $9,102,000
Financial Highlights Expenditures (1 of 3) Name 2008 2009 Difference General Government $10,132,720 $8,211,660 ($1,921,060) Land Use Administration $156,288 $136,385 ($19,903) Code Enforcement & $2,541 $2,161 ($380) Administration Insurance $48,310,000 $56,186,950 $7,876,950 Public Safety Functions $14,630,998 $15,056,285 $425,287 Public Works Functions $14,698,569 $14,119,624 ($578,945) Human Services & Health $60,135,193 $57,086,484 ($3,048,709)
Financial Highlights Expenditures (2 of 3) Name 2008 2009 Difference Parks & Recreation $1,698,668 $1,679,098 ($19,570) Functions Education Functions $44,319,953 $46,050,688 $1,730,735 Other Common $ 504 $ 110,080 $109,576 Operating Functions Utility Expenses & Bulk $12,582,833 $ 13,575,000 $992,167 Purchases Contingent $200,000 $ 169,930 ($30,070) Statutory Expenditures $28,000,000 $ 32,450,000 $4,450,000 Federal & State Grants $11,927,235 $13,331,302 $1,404,067
Financial Highlights Expenditures (3 of 3) Name 2008 2009 Difference Capital $7,679,495 $4,900,000 ($2,779,495) Improvements Debt Service $47,569,624 $48,095,712 $526,000 Salaries & Wages $179,069,374 $179,054,641 ($14,733) Totals $481,114,000 $490,216,000 $9,102,000
Revenues Name 2008 2009 Difference $48,500,000 $44,850,000 ($3,650,000) Fund Balance $52,546,762 $49,091,868 ($3,454,894) Miscellaneous Revenues Monmouth County Care $23,350,000 $23,700,000 $350,000 Centers Total State & Federal Revenues Offset With $10,627,235 $12,031,302 $1,404,067 Appropriations $50,304,003 $48,973,610 ($1,330,393) New Jersey State Aid $ 9,282,000 $14,069,220 $4,787,220 Other Special Items Amount to be raised by taxation – $286,504,000 $297,500,000 $10,996,000 County Purpose Tax $481,114,000 $490,216,000 $9,102,000 Total
Revenue Shift 10,996,000 9,574,283 2008 2009 1,404,268 0 -314,282 -3,298,068 Other Tax Grant Revenue Revenue Revenue
Tax Levy 2008 2009 $286,504,000 $297,500,000 Increase of 3.8% or $ 10,996,000 300 2008 2007 Amount in millions 200 100
Consumer Price Index - CPI � For the year ended December 2008, the CPI rose 1.6 percent, as measured by the U.S. Department of Labor Statistics, for the Northeast Region.
10% 20% 30% 40% 50% 60% 70% 80% 0% C a 2008 County Comparisons m d e n O c e 78%77% a n Amount to be Raised as Percentage of Total Budget M e r c S e o r m G e 74% 74% 73% 73% r l s o e u t c e s t e A r t l H a n u t n i c t e r B d u o r n l i n g M t 72% 71%71% o i n d d l e s e x B e r g e n P a s s 69% 68% 67% 66% a i c S u s s e x M o r r i W s a r C r e a n p e M 62% a y S M a 61% 60% 60% l o e n m m C u o u m t b h e r l a n d U n Source: NJ County Finance Officers 59% 57% i o H n u d s o n E s s 57% e x 53%
Finance Officers NJ County Source: 2008 County Comparisons Salem 0.9086 Cumberland 0.9 Camden 0.574 Gloucester 0.5104 Warren 0.495 Passaic 0.4949 Mercer 0.4392 Essex 0.3712 Hudson 0.3706 Tax Rate per $100 Union 0.329 Sussex 0.3712 Burlington 0.3199 Hunterdon 0.2777 Somerset 0.2736 Middlesex 0.2566 Ocean 0.254 Atlantic 0.226 Monmouth 0.225 Morris 0.1885 Bergen 0.175 Cape May 0.1512
Budget Presentations February 25 7 pm Monmouth County Library, Headquarters, Manalapan March 5 7 pm Monmouth County Library Eastern Branch in Shrewsbury March 12 7 pm Budget Adoption Hall of Records, Freehold
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