Charlotte County 2017/18 – 2018/19 Proposed Budget 1 st Public Hearing September 12, 2017 1
Agenda • County Administrator – Opening Comments • Review of FY17/18 – FY18/19 Budget Process • Summary of Proposed Budget • Millage Rates • Proposed Aggregate County Millage Rate • Announce Total net Proposed Budget • Changes from July 18 th Workshop • Adopt tentative rates / budgets and final MSBU rates 2
Review of 2017/18 -2018/19 Budget Process 3
Stages of the Budget Process Stage I Stage II Establish Broad Develop Goals Approaches to Achieve Goals Stage IV Stage III Evaluate Develop a Budget Performance and to Achieve Goals make Adjustments 4
Calendar Review of proposed process with BCC – confirm strategic focus areas Dec Results from Employee Survey Results from Citizen Survey SWOT workshops with Dirs & Managers for each Focus Area On-line solicitation of citizen input Jan Public Input meetings on operations and services Prepare review packet for BCC SWOT analysis Citizen Survey Employee Survey BCC Strategic Plan Workshop Feb BCC workshop for preliminary review Assumptions and projected financial status Confirm direction to organization Review of policies Departments submit budgets and update PBB information Departments update strategic plans 5
Calendar Mar Goals workshop with Dirs & Managers for each Focus Area Departmental meetings with Budget to review operations and programs, confirm requests and prepare for meeting with Admin. Apr Departmental budget meetings with Admin May BCC workshops Review of operations, service levels and cost by strategic focus area Review efforts to advance BCC goals Update revenue picture May - June Internal balancing of budget July Presentation of Recommended Budget MSBU Public Hearings Public Hearings on Recommended 2017/18 – 2018/19 Budget Sept BCC adoption of 2017/18 – 2018/19 Budget 6
Summary of Proposed Budget 2017/18 – 2018/19 7
Assessed Valuation Millions $25,000 $20,000 $15,000 $10,000 $5,000 $0 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 8
FY17/18 Property Valuations FY 16/17 FY 16/17 FY 17/18 Tentative Tentative Final Variance County-wide 13,981,356,012 14,004,316,687 15,198,971,608 1,194,654,921 8.53% Environmentally Sensitive Land Program 14,073,844,300 14,097,322,728 15,319,212,966 1,221,890,238 8.67% Greater Charlotte Street Lighting District 10,103,627,045 10,087,375,186 10,930,827,934 843,452,748 8.36% Charlotte Public Safety Unit 11,362,908,658 11,380,027,970 12,403,526,654 1,023,498,684 8.99% Don Pedro/Knight Island Street/Drainage 332,465,493 332,217,316 352,330,164 20,112,848 6.05% Manasota Key Street & Drainage Unit 469,016,366 467,996,144 498,589,958 30,593,814 6.54% Stump Pass/Beach Renourishment 4,880,396,033 4,873,017,707 5,341,774,088 468,756,381 9.62% Sandhill Municipal Service Taxing Unit 115,898,594 117,558,029 121,650,393 4,092,364 3.48% 9
Neighboring Counties Valuation Increase Collier 8.41% Manatee 8.56% Sarasota 8.25% Lee 8.94% 10
Valuation Impact on Homestead Tax Bill (Charlotte County Millage Only) 2016/17 2017/18 Valuation Tax Bill Tax Bill $100,000 470.91 490.69 $200,000 1,412.74 1,452.30 $300,000 2,354.57 2,413.90 Note: $50,000 Homestead Exemption assumed 11
How Your Tax Dollar is Spent FY17/18
Millage Rates Revenue Maximum Tentative Rates Same as 2016/17 Millage Rate the Same Roll-back Millage Set July 18, 2017 County-wide 5.8054 88,236,999 6.3007 95,764,161 9.8009 148,963,601 6.3007 95,764,161 General Fund 1.9079 28,998,739 2.0707 31,472,511 3.2210 48,956,295 2.0707 31,472,511 Sheriff Operations 2.6480 40,247,006 2.8739 43,680,324 4.4704 67,945,862 2.8739 43,680,324 Capital Projects Fund 1.1659 17,721,062 1.2654 19,232,779 1.9684 29,917,079 1.2654 19,232,779 Health Unit 0.0836 1,270,192 0.0907 1,378,547 0.1411 2,144,365 0.0907 1,378,547 Environmentally Sensitive Land Program 0.1840 2,819,465 0.2000 3,063,843 0.2000 3,063,843 0.2000 3,063,843 Greater Charlotte Street Lighting District 0.2999 3,278,397 0.3250 3,552,519 0.4004 4,376,704 0.3250 3,552,519 Charlotte Public Safety Unit 2.3722 29,423,062 2.5855 32,069,318 3.0962 38,403,799 2.5855 32,069,318 Don Pedro/Knight Island Street/Drainage 1.6984 598,390 1.8012 634,617 3.3743 1,188,868 1.4410 507,708 Manasota Key Street & Drainage Unit 0.7320 364,943 0.7798 388,800 1.4238 709,892 0.7798 388,800 - Stump Pass/Beach Renourishment 0.1804 963,883 0.1978 1,056,603 0.4091 2,185,320 0.1978 1,056,603 Sandhill Municipal Service Taxing Unit 0.6824 83,019 0.7062 85,910 1.7289 210,321 0.7062 85,910 Total Revenue: 11.9547 125,768,158 12.8962 136,615,771 20.4336 199,102,348 12.5360 136,488,862 13
Revised Projection – July 18, 2017 General Fund Five Year Financial Plan - Revenue/Expenditures (Thousands) Projected Projected Projected Projected Projected Actual Budget Budget Budget Budget Budget Budget FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Operating Revenues Ad Valorem Taxes 26,351 28,951 31,426 33,046 34,698 36,433 38,255 State Shared Revenues 17,940 17,223 20,018 20,708 21,743 22,396 23,068 Franchise Fees - FPL 8,948 9,000 9,000 9,000 9,090 9,181 9,273 Charges for Services 9,989 7,878 9,885 10,165 10,266 10,369 10,473 Other Revenues & Fees 3,788 4,270 3,759 3,590 3,626 3,663 3,699 Less 5%-FS 129.01(2)(B) -3,217 -3,624 -3,761 -3,971 -4,102 -4,238 Internal Charges 15,632 15,632 17,757 19,163 19,163 19,163 19,163 Transfers In 10,301 7,771 7,708 7,743 8,130 8,537 8,963 Total Revenues 92,949 87,507 95,930 99,654 102,746 105,639 108,655 Expenditures Personal Services-Excluding Health 29,396 32,843 32,574 33,740 35,089 36,493 37,953 FRS Rates 3,180 3,315 3,272 3,358 3,459 3,563 3,669 Health & Life Insurance Costs 6,343 7,998 8,055 8,445 8,868 9,311 9,776 Operating Expenses 33,240 36,849 37,569 38,335 38,718 39,105 39,496 Capital Outlay 1,183 862 1,434 1,206 1,206 1,206 1,206 Grants & Aid 4,985 5,577 6,036 6,124 6,307 6,497 6,691 Transfers 16,784 9,179 10,305 10,402 10,714 11,035 11,366 Total Expenditures 95,110 96,622 99,245 101,609 104,361 107,209 110,158 Use of Reserves 2,161 9,115 3,315 1,955 1,614 1,570 1,503 14
Long-range Variables Budget Budget Budget Budget Budget FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Additional Homestead Exemption 1,202,871 1,202,871 1,202,871 Sales Tax projects operating costs 449,220 1,358,592 2,975,914 3,259,657 3,259,657 Manasota Key renourishment 1,100,000 1,100,000 1,100,000 1,100,000 2,458,592 5,278,785 5,562,528 5,562,528 6.5% valuation increase 471,397 997,005 1,581,526 2,230,026 2,947,965 8.0% valuation increase 942,795 2,008,152 3,208,236 4,556,297 6,066,773 15
General Fund Five Year Projection Updated for Long-range Variables Projected Projected Projected Projected Projected Actual Budget Budget Budget Budget Budget Budget FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Operating Revenues Ad Valorem Taxes 26,351 28,951 31,426 33,941 35,456 37,229 39,090 State Shared Revenues 17,940 17,223 20,018 20,708 21,743 22,396 23,068 8,948 9,000 9,000 9,000 9,090 9,181 9,273 Franchise Fees - FPL Charges for Services 9,989 7,878 9,885 10,165 10,266 10,369 10,473 Other Revenues & Fees 3,788 4,270 3,759 3,590 3,626 3,663 3,699 Less 5%-FS 129.01(2)(B) -3,217 -3,624 -3,761 -4,009 -4,142 -4,280 Internal Charges 15,632 15,632 17,757 19,163 19,163 19,163 19,163 Transfers In 10,301 7,771 7,708 7,743 8,362 8,781 9,220 Total Revenues 92,949 87,507 95,930 100,548 103,698 106,638 109,705 Expenditures Personal Services-Excluding Health 29,396 32,843 32,574 33,740 35,089 36,493 37,953 FRS Rates 3,180 3,315 3,272 3,358 3,459 3,563 3,669 Health & Life Insurance Costs 6,343 7,998 8,055 8,445 8,868 9,311 9,776 Operating Expenses 33,240 36,849 37,569 38,335 38,718 39,105 39,496 Capital Outlay 1,183 862 1,434 1,206 1,206 1,206 1,206 Grants & Aid 4,985 5,577 6,036 6,124 6,307 6,497 6,691 Transfers 16,784 9,179 10,305 11,502 13,661 14,354 14,785 Total Expenditures 95,110 96,622 99,245 102,709 107,308 110,528 113,577 Use of Reserves 2,161 9,115 3,315 2,161 3,610 3,890 3,872 16
Recommend
More recommend
