KANE COUNTY 2012 BUDGET PRESENTATION Focusing on the General Fund
Agenda 2012 Budget Process To-Date 2012 Budget Challenges – General Fund Revenue Projections – General Fund Expenditure Requests Special Fund Budgets 2012 Budget Process Moving Forward
2012 Budget Process To-Date Departments/Offices entered revenue projections and expenditure requests Finance Director reviewed all budgets, particularly revenue projections Most departments presented budget requests at individual committee meetings Special Committee of the Whole meeting held for departments/offices to present 2012 budget requests
2012 General Fund Reports Please refer to General General Fund Revenue Summary by Department/Office Fund revenue and expenditure reports for % Change 2012 from 2011 Estimated 2011 detailed information not 2011 Projected Less 2011 Amende 2009 Actual 2010 Actual Amended Actual 2012 Amended d Department/Office Amount Amount Budget Amount Estimated Budget Budget General Government $52,273,572 $52,120,672 $51,771,324 $52,887,102 $53,815,824 presented in this power (excludes Cash on Hand) $2,044,500 3.9% County Board $90,850 $102,675 $88,000 $89,750 $88,000 $0 0.0% Information Technologies $45,014 $44,640 $28,860 $29,000 $28,860 $0 0.0% point presentation. Treasurer/Collector $87,850 $73,126 $84,000 $84,000 $74,000 ($10,000) -11.9% Supervisor of Assessments $108,579 $117,726 $71,630 $80,000 $89,075 $17,445 24.4% County Clerk $1,145,766 $972,780 $763,500 $860,151 $826,500 $63,000 8.3% Recorder $2,182,928 $2,350,543 $2,130,000 $2,134,850 $2,133,200 $3,200 0.2% Circuit Clerk $7,663,646 $7,609,776 $7,563,000 $7,138,000 $7,373,000 ($190,000) -2.5% State's Attorney $2,612,128 $2,062,653 $1,762,536 $1,638,277 $1,629,000 ($133,536) -7.6% Public Defender $119,982 $169,556 $120,000 $90,000 $148,566 $28,566 23.8% Sheriff $3,355,307 $3,423,127 $3,150,529 $2,069,900 $2,368,500 ($782,029) -24.8% Kane Comm $753,373 $755,325 $0 $0 $0 $0 0.0% Court Services $3,237,411 $3,249,466 $3,019,566 $2,931,846 $2,850,295 ($169,271) -5.6% Coroner $20,324 $10,425 $0 $0 $0 $0 0.0% Emergency Management $109,646 $132,957 $87,500 $91,909 $80,000 Services ($7,500) -8.6% Development $1,200,860 $1,270,280 $1,016,350 $927,450 $1,011,850 ($4,500) -0.4% General Fund Total $75,007,236 $74,465,726 $71,656,795 $71,052,235 $72,516,670 $859,875 1.2% Transfer From Other Funds $1,174,521 $1,722,393 $913,738 $853,923 $1,036,004 $122,266 13.4% General Fund Total $76,181,757 $76,188,119 $72,570,533 $71,906,158 $73,552,674 $982,141 1.4%
Revenue Projections Finance Director prepares revenue projections for General Government and Other revenue Departments/Offices prepare revenue projections for their own areas of responsibility – Reviewed by Finance Director
2012 Budget Challenges General Fund Revenue Varying opinions on future of the economy – Projections were done June and early July and economic conditions have become more uncertain since that time County needs to continue to monitor and, if necessary, adjust revenue projections – Possibility of double-dip recession???
2012 Budget Challenges General Fund Revenue Volatility of taxes and other revenue makes projecting FY12 difficult State collection problems – Many revenue sources are not receiving full year of State funding (income tax, other taxes, probation salary reimbursement) which makes projecting FY12 difficult
2012 Budget Challenges Property Tax Revenue Property tax increase minor – New property estimate = $50MM Down 54% from 2010 tax year ($109MM) Down 71% from 2009 tax year ($170MM) Down 82% from 2008 tax year ($285MM) Down 89% from 2007 tax year ($438MM) – CPIu = 1.5% (less than last year’s 2.7%) – Increase will needed to fund rise in pension costs (IMRF Fund) and remainder will be placed in General Fund
2012 Budget Challenges Property Tax Revenue Because of decline in EAV, County is approaching General Fund maximum rate (0.25) – Rate = (General Fund Levy Amount / Rate Setting EAV) – As EAV declines the rate increases, regardless of whether levy amount increases – Estimated 2012 (2011 tax year) General Fund rate = 0.238 2012 Budget Estimate = $32,350,000 Estimated Allowable 2012 Amount = $33,940,700 – If EAV continues to drop County may be restricted from increasing General Fund levy amount OR General Fund levy amount may have to be reduced This will not affect ability to increase other fund levy amounts as none are close to maximum rate
2012 Budget Challenges General Fund Revenue Fees and Reimbursements stagnant or declining – Total Fee revenue down $972K (-7%) Foreclosure Fees dropped $700K (-47%) Circuit Clerk Office Fees dropped $177K (-2%) – Total Reimbursement revenue down $195K (-6%) State’s Attorney and Court Service Reimbursements declined Investment income continues to be extremely low
2011 General Fund Revenue Total 2011 Amended Budget = $72,570,533 (excludes Cash on Hand) Court Services Emergency Development Transfer To Other Funds $3,019,566 Mgmt $1,016,350 $913,738 4.2% $87,500 1.4% 1.3% Sheriff Public Defender 0.1% $3,150,529 $120,000 4.3% 0.2% State's Attorney $1,762,536 Recorder 2.4% $2,130,000 2.9% County Clerk $763,500 Circuit Clerk 1.1% $7,563,000 10.4% Supervisor of Assessment $71,630 0.1% Treasurer/ Collector $84,000 Info Tech General Government 0.1% $28,860 $51,771,324 0.0% 71.3% County Board $88,000 0.1%
2011 General Fund Revenue by Classification Other Interest Revenue Transfer From Other $48,074 Reimbursements $162,000 Funds 0.1% 0.2% $3,471,585 $913,738 4.8% Fines 1.3% $3,607,001 5.0% Fees $14,429,946 Property Taxes 19.9% $31,730,000 43.7% Grants $219,389 0.3% Licenses and Permits $423,800 0.6% Other Taxes $17,565,000 24.2%
General Fund Revenue General Government Revenue for Total General Fund Revenue 2011 Amended Budget vs. 2012 General Fund 2011 Amended Budget vs. 2012 Estimated Excludes Cash on Hand Estimated $53,815,824 $73,552,674 $54,000,000 $73,600,000 $53,500,000 $73,400,000 $73,200,000 $53,000,000 $73,000,000 $52,500,000 $72,570,533 $51,771,324 $72,800,000 $52,000,000 $72,600,000 $51,500,000 $72,400,000 $72,200,000 $51,000,000 $72,000,000 $50,500,000 2011 Amended 2012 Estimated 2011 Amended 2012 Estimated Budget Budget
General Fund Revenue by Department Excludes General Government Revenue & Cash on Hand 2011 Amended Budget 2012 Estimated $8,000,000 $7,000,000 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 Superviso County Treasurer/ County Circuit State's Public Court Emergenc Developm Info Tech r of Recorder Sheriff Board Collector Clerk Clerk Attorney Defender Services y Mgmt t Assessmt 2011 Amended Budget $88,000 $28,860 $84,000 $71,630 $763,500 $2,130,000 $7,563,000 $1,762,536 $120,000 $3,150,529 $3,019,566 $87,500 $1,016,350 2012 Estimated $88,000 $28,860 $74,000 $89,075 $826,500 $2,133,200 $7,373,000 $1,629,000 $148,566 $2,368,500 $2,850,295 $80,000 $1,011,850
Key Impacts on General Fund Revenue $16,000,000 $14,000,000 $12,000,000 Sales Tax $10,000,000 Other Taxes $8,000,000 Investment Income Recorder $6,000,000 Sheriff (excludes Justice Mgmt & $4,000,000 Assist Grants) Development (excludes ISWS/IGGS Grant) $2,000,000 $0 2007 Actual 2008 Actual 2009 Actual 2010 Actual 2011 2012 Amended Estimated Budget
Sales Tax by Quarter $4,200,000 $4,000,000 $3,800,000 $3,600,000 2007 $3,400,000 2008 2009 $3,200,000 2010 2011 $3,000,000 $2,800,000 Total $2,600,000 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 2007: $15,185,001 2007 $3,824,518 $3,389,285 $4,114,154 $3,857,044 2008: $14,150,887 2008 $3,608,642 $3,238,099 $3,829,745 $3,474,400 2009: $12,141,294 2009 $3,179,373 $2,684,335 $3,271,290 $3,006,296 2010: $12,434,443 2010 $3,028,110 $2,855,525 $3,375,884 $3,174,924 2011: $ 6,296,376 2011 $3,281,571 $3,014,805
2012 Budget Challenges Expenditures Healthcare & dental increase = 6% & 5% – Approx $373K increase in General Fund – Decrease in Special Funds b/c of Health Dept layoffs – Important to remember this rate is very atypical as the healthcare trend has been 10-12% IMRF and SLEP increase = 10% and 2.3%, respectively – IMRF rate 10.78%, SLEP rate 20.74% – Approx $334K in IMRF Fund if salaries remain flat – Approx $179K in Special Funds if salaries remain flat Any operating increase given in FY11 through the contingency fund – Mainly ongoing personnel costs – Negotiated/arbitrated union salary increases
2012 Budget Challenges General Fund Expenditures Additional funding needed for: – Healthcare and dental costs – County Clerk- 2012 general election – Corrections- overtime costs per arbitrator ruling – Bond payment – Contingency – Other areas
2012 Budget Challenges General Fund Expenditures Additional funding needed for: – Union step increases per current contracts – Union salary increases, if any, in future contracts – Salary increases for departments/offices, if any – Judiciary- outside legal, juror & interpreter costs – Corrections- medical & food contracts – Court Services- juvenile outplacement costs – Capital Funding – Other areas
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