FY 2014 Operating Budget Preview
Presentation Overview • History and Trends • Improved Revenue Picture • Expenditure Changes • Competing Needs • Budget Calendar FY 2014 Operating Budget Preview 2
FISCAL AND ECONOMIC HISTORY AND TRENDS FY 2014 Operating Budget Preview 3
Budget Changes Since FY 2009 (in millions) $984.4 $971.2 $953.6 $952.1 $951.2 $947.1 $938.5 FY 2009 FY 2009 FY 2010 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 Target: Adopted: July Amended: Feb. Adopted: July Amended: Adopted: July Adopted: July Adopted: July December 2008 2009 2009 April 2010 2010 2011 2012 2012 FY 2014 Operating Budget Preview 4
Unemployment Statistics 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% December 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Wake 4.0% 5.6% 5.3% 4.4% 4.1% 3.6% 3.5% 4.6% 8.4% 8.7% 8.3% 7.3% North Carolina 5.6% 6.6% 6.5% 5.5% 5.3% 4.8% 4.7% 6.2% 10.8% 10.6% 10.5% 9.5% US 4.7% 5.8% 6.0% 5.5% 5.1% 4.6% 4.6% 5.8% 9.3% 9.6% 9.0% 7.6% FY 2014 Operating Budget Preview 5
Year ‐ to ‐ Year % Change in Revenue Wake County General Fund Revenue 15.0% Economic Growth Recession Recent Trends 10.0% 5.0% Percent Change Year to Year 0.0% ‐ 5.0% ‐ 10.0% ‐ 15.0% ‐ 20.0% ‐ 25.0% FY05 to FY06 FY06 to FY07 FY07 to FY08 FY08 to FY09 FY09 to FY10 FY10 to FY11 FY11 to FY12 ALL GF REVENUES PROPERTY TAXES SALES TAXES
Building Permits New Residential Building Permits January ‐ December for FY 2006 to FY 2012 12,000 11,222 10,384 10,000 8,000 6,000 5,187 4,822 3,744 3,703 4,000 3,493 2,000 0 2006 2007 2008 2009 2010 2011 2012
Property Value (in millions) FY 2010 FY 2011 FY 2012 FY13 Budget FY13 FY14 Projection Estimate Total Value 118,801.4 119,535.6 120,555.4 121,893.2 122,486.7 125,145.0 % Change 9.0% 0.6% 0.9% 1.1% 1.6% 2.6% Real Property 102,441.3 103,067.2 104,028.4 105,185.0 105,311.0 107,325.0 % Change 2.9% 0.6% 0.9% 1.1% 1.2% 2.0% Personal Property (non- vehicle) 6,243.6 6,530.2 6,044.8 5,850.0 6,173.3 6,220.0 % Change -2.5% 4.6% -7.4% -3.2% 2.1% 5.9% Public Service 3,010.7 2,837.9 2,828.1 2,842.2 2,827.4 2,800.0 % Change 0.9% -5.7% -0.3% 0.5% 0.0% -1.5% Vehicle 7,105.8 7,100.2 7,654.1 8,016.0 8,175.0 8,800.0 % Change -7.2% -0.1% 7.8% 4.7% 6.4% 8.9%
Property Tax Revenue (in millions) $666.3 $651.8 $645.7 $635.3 $629.0 $618.5 $559.4 $496.6 $451.3 $430.6 Tax Rate Change Tax Rate Change Property Reevaluation and Tax Rate Change FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 (actual) (actual) (actual) (actual) (actual) (actual) (actual) (actual) (projected) (estimate)
Sales Tax History 140,000,000 120,000,000 100,000,000 80,000,000 60,000,000 40,000,000 20,000,000 ‐ Data for Sales Tax Chart
FY 2014 Preliminary Revenue Estimate FY 2012 FY 2013 FY 2013 FY 2013 FY 2014 FY14 Base vs. Actual Adopted Amended Estimated Budget (base) FY13 Amended Taxes Property taxes - ad valorem 645,725,048 648,962,083 648,962,083 655,433,421 668,238,329 19,276,246 Sales Tax 120,834,877 121,137,839 121,137,839 124,646,595 128,526,000 7,388,161 Real Property Excise Tax 6,120,634 5,850,000 5,850,000 6,500,000 6,150,000 300,000 All Other Taxes 3,759,656 3,780,421 3,780,421 3,781,000 3,780,421 - Taxes Subtotal 776,440,215 779,730,343 779,730,343 790,361,016 806,694,750 26,964,407 Federal 11,972,348 10,794,838 11,130,842 10,864,062 11,510,909 380,067 State 98,551,468 75,935,735 76,778,890 75,783,913 74,701,343 (2,077,547) Local 8,722,087 4,088,350 4,156,350 4,157,856 4,090,100 (66,250) Licenses & Permits 3,413,381 3,319,455 3,320,455 3,320,382 3,484,964 164,509 Charges for Services 65,471,200 61,687,528 61,831,077 59,323,431 62,081,395 250,318 Other 407,233 543,149 565,426 525,845 1,366,298 800,872 Transfers 3,030,070 2,389,000 2,389,000 2,289,000 2,451,320 62,320 Subtotal before Fund Balance 968,008,002 938,488,398 939,902,383 946,625,505 966,381,079 26,478,696 Appropriated Fund Balance - 31,602 1,154,621 - - (1,154,621) TOTAL REVENUES $ 968,008,002 $ 938,520,000 $ 941,057,004 $ 946,625,505 $ 966,381,079 25,324,075 11
FY14 Base Expenditure Changes over FY 2013 Adopted 1 Less Prior Year One-Time Costs (2,780,014) Salary and Benefit Changes: 2 Reduction of Vacancy Rates 768,000 3 Annualization of FY13 Pay Increase 1,000,000 4 Increase in Longevity 33,000 Total Salary and Benefit Changes 1,801,000 Recurring Board Revisions (Human Services with 5 Corresponding revenues) 972,300 6 Hammond Road items coming off warranty 386,066 Annualization of Justice Center (Non-Salary, Non-Fleet) 7 GSA 817,105 8 IS 49,549 9 Sheriff 21,270 887,924 10 Total Fleet Changes 258,570 Utility Increases (includes Justice Center and Hammond Road 11 increases) 980,153 12 Building Lease Charges (153,217) 13 Risk Management Charges 516,488 14 Increase in Sales Tax Transfer 1,694,000 Total of Above Items 4,563,270
FY 2014 Preliminary Budget Look FY13 Adopted FY14 Base Change Revenues Property Taxes 648,962,083 668,238,329 19,276,246 Sales Taxes 121,137,839 128,526,000 7,388,161 All Other Revenues 168,420,078 169,616,750 1,196,672 Revenues Subtotal 938,520,000 966,381,079 27,861,079 Base Expenditures County Departments 389,025,325 391,246,964 2,221,639 WCPSS 318,341,737 318,341,737 - Wake Tech 16,190,938 16,190,938 - Transfers 214,962,000 216,656,000 1,694,000 Base Expenditures in System 938,520,000 942,435,639 3,915,639 Increase in Property Tax Transfer 5,595,165 5,595,165 Projected Base Expenditures 938,520,000 948,030,804 9,510,804 Revenues in Excess of Expenditures - 18,350,275 18,350,275 Items to Consider WCPSS ????? Wake Tech ????? Employee Pay ????? Health Insurance ????? Additional $$$$ to Debt and Capital ????? State Unemployment Liability ????? Mental Health ????? Department Expansions ?????
COMPETING NEEDS FY 2014 Operating Budget Preview 14 14
But don’t get too excited…… • Still many unknowns • Hiring freeze to continue due to vacancies needed for placement of Behavioral Health employees • New Governor and Long General Assembly Session • Possibility of WCPSS school bond in 2013 • Health care reform costs • State Unemployment Liability
Continued Focus for FY14 • Focus on core services and priorities – Establishment of priorities through strategic or business plans • Realign existing resources to meet priority needs • Maintain our long ‐ term planning focus – Prioritization of any expansions and identification of how these support long ‐ range plans • Strong business cases for budget requests
Education WCPSS Operating WCPSS Capital Wake Tech ? ? ? COMPETING NEEDS REQUEST Superintendent – Spring 2013 for March EXPECTED March Decision on BOE – April Referendum by June 17
County Departments Initial Expansion Requests Department On-Going One-Time Total Revenues FTEs Expenditures Expenditures Expenditures Board Of Elections 176,688 2,030,221 1,550,866 656,043 4.0 City-County Bureau of Identification 214,776 0 214,776 1.0 Community Services 393,408 0 393,408 14.5 County Attorney 155,742 5,050 160,792 2.0 Emergency Medical Services 2,715,374 2,347,478 5,062,852 46.0 Environmental Services 712,946 394,421 1,107,367 9.5 General Services Administration 581,241 0 581,241 3.0 Human Resources 2,000 0 2,000 Human Services 3,009,879 2,758,603 4,915,073 1,353,739 10.6 Non-departmental (Cooperative Extension, Risk Mgmt, Soil & Water) 175,380 19,388 194,768 Register Of Deeds 194,446 0 194,446 3.0 Revenue Department 291,084 0 291,084 4.0 Sheriff 2,386,152 316,478 2,702,630 27.0 TOTAL 11,009,116 7,871,639 17,371,303 2,009,782 124.6 Expenditures net of revenues 15,361,521 FY 2014 Operating Budget Preview 18
County Requests Highlights Department Prior Funding Cuts New Initiatives Meet Workload Commitments Demands Board of •Additional full ‐ time staff •Early voting for Municipal Elections and Board of Education Fall 2013 Elections and May 2014 Primary •Funding for election software support and repair and maintenance of voting equipment CCBI Investigations Investigations Crime Lab Crime Lab •Overtime funding to •Fund training for forensic •Increased staffing to •Funding for maintaining address adequate crime certified employees ensure timely print toxicology equipment as scene coverage examinations necessary for well as purchase of maintain accreditation certified standards and supplies Cooperative •Increase in County •County share of annual Extension contribution for Expanded merit increases •Replace conference room chairs County Attorney •Attorney, Paralegal and on ‐ going operating costs FY 2014 Operating Budget Preview 19
County Requests Highlights (cont’d) Department Prior Funding Cuts New Initiatives Meet Workload Commitments Demands Community Libraries Parks Services •Librarian positions and •Annualization of FTEs facility hours have been added during FY13 to reduced from pre ‐ address 1000 hours rule recession levels for retirement benefit eligibility. •Additional drivers could include demand for longer weekend and weeknight hours Planning, Development and Inspections •Add additional General Inspector to accommodate growth in inspections FY 2014 Operating Budget Preview 20
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