Millage Rate Presentation Henry County Government
Henry County Budget Highlights Fiscal Year 2017-2018
Henry County General Fund Sources of Revenue FY 16-17 FY 17-18 AS % OF ADOPTED BUDGET ADOPTED BUDGET PROPERTY TAXES $76,483,922 $82,777,958 53.63% SALES & USE TAXES 33,989,420 35,364,849 22.91% LICENSES & PERMITS 2,681,718 3,097,646 2.01% INTERGOVT GRANTS 927,541 1,064,440 .69% CHARGES FOR SERVICE 14,812,022 16,060,930 10.41% FINES & FORFEITS 4,229,964 5,033,609 3.26% MISC. REVENUES 2,893,191 3,154,156 2.04% OTHER SOURCES 1,157,160 1,166,409 .76% TOTAL REVENUES $137,174,938 $147,719,997 FUND BALANCE USEAGE 5,385,280 6,637,274 4.30% TOTAL SOURCES $142,560,218 $154,357,270 100.00%
Recap of FY-18 Adopted Budget • FY17 Adopted Budget = $142,560,218 • FY17 Amendments = $2,552,714 • FY17 Budget w/amendments = $145,112,932 – (no capital included) • FY18 Additional Operational Needs= $9,244,338 • FY 18 Adopted Budget: $154,357,270 – (no capital included) – FY18 Initial Dept. Request = $201,355,548 included $32,490,853 in Capital Request
Excess Fund Balance Review Remaining FY 2016 Balance = 11,195,200 FY18 Needs = -6,637,274 Balance = 4,557,926 Needed for FY 2018 25% FB -2,947,404 FY 2016 Ending Balance 1,610,522
General Fund New ly Adopted FY 18 Budget Items • Health Insurance 4,306,480 • Salaries for the Rec. Center/Sr Services Hampton 282,936 • Salaries for Fire Dept. Station 15 & 16 1,764,390 • Additional Allocation of Library Funding 500,000 • New Positions 482,810 • Salary Increases(Non-Public Safety) 2% 776,397 • Salary Increases(Public Safety) 1% + 1% 961,096 • Salary Increases(Certifications for Public Safety) 500,000 TOTAL 9,574,109
THE MILLAGE
What the budget did not include
Millage Options to be considered 2016 Actual Millage Rate 12.733 This option would generate 81,274,608 in tax collections and would result in a (123,815) shortfall to the budget. The use of FB for the FY-18 budget would be $9,708,493 w/ 25%. This option will result in future budgets using 6,761,089 from FB if revenues remain the same or decrease
Staff proposed 2017 Millage Rate 13.733 This option would generate 87,836,608 in tax collections and would result in reducing the use of FB to 199,089 in the budget
2017 Millage Proposed Above 100% Tax Rollback $ 150,000 $ 225,000 HOME VALUE 40% 40% $ 60,000.00 $ 90,000.00 TAXABLE VALUE $ 15,000.00 $ - HOMESTEAD $ 45,000.00 $ 90,000.00 TAXED ON 1.635 1.635 CHANGE IN MILLAGE $ 73.57 $ 147.15 ADDITIONAL TAX 12.098 100% ROLLBACK MILLAGE 13.733 PROPOSED MILLAGE 1.635 13.51% INCREASE MILLAGE
2017 M 7 Milla lage P ge Propos posed ed Above 1 e 100% T % Tax R x Rollbac back k $ 150,000 $ 225,000 HOME VALUE 40% 40% $ 60,000.00 $ 90,000.00 TAXABLE VALUE $ 15,000.00 $ - HOMESTEAD $ 45,000.00 $ 90,000.00 TAXED ON 1.635 1.635 CHANGE IN MILLAGE $ 73.57 $ 147.15 ADDITIONAL TAX 12.098 100% ROLLBACK MILLAGE 13.733 PROPOSED MILLAGE 1.635 13.51% INCREASE MILLAGE ========================================================== BREAKDOWN OF PERCENTAGE INCREASE FROM: 12.098 100% ROLLBACK MILLAGE 12.733 2016 MILLAGE 0.635 5.25% INCREASE FOR NO 100% ROLLBACK FROM: 1.000 8.27% INCREASE FOR +1 MILL TOTAL 13.51%
Impact on $150,000 & $250,000 Homeow ner- 12.733 Mills With Homestead ( Count nty P Portion O ion Only ) Value of Home $ 150,000 $ 250,000 40% $ 60,000 $ 100,000 Homestead Exemption $ (15,000) $ (15,000) Taxable Value $ 45,000 $ 85,000 County Tax Rate 12.733 12.733 County Tax $ 572.99 $ 1,082.31
Impact on $150,000 & $250,000 Homeow ner- 13.733 Mills w ith Homestead (Count nty P Portion O ion Only) Value of Home $ 150,000 $ 250,000 40% $ 60,000 $ 100,000 Homestead Exemption $ (15,000) $ (15,000) Taxable Value $ 45,000 $ 85,000 County Tax Rate 13.733 13.733 County Tax $ 617.99 $ 1,167.31 Increase over 12.733 $ 45.00 $ 85.00
2017 TOTAL MILLAGE RATE BREAKDOWN at 2016 MILLAGE RATES Component Millage Rate % of Total County 12.733 33.2% School M & O 20.000 52.1% Total School 61.6% School Bond 3.628 9.5% Water 2.000 5.2% Total 38.361 100.0%
2017 TOTAL MILLAGE RATE BREAKDOWN WITH COUNTY 2016 RATE + 1 MILL Component Millage Rate % of Total County 13.733 34.9% School M & O 20.000 50.8% School Bond 3.628 9.2% Water 2.000 5.1% Total 39.361 100.0%
What Services Use the Millage 12.733 Services FY 2018 Millage Budget % Public Safety 53.8% 6.853 Legislative & Executive 13.1% 1.667 Judicial 11.4% 1.450 Public Works 8.0% 1.025 Health & Welfare 4.3% 0.553 Culture & Recreation 4.3% 0.551 Debt;Development Authority 2.9% 0.365 Housing & Development 2.1% 0.269 Total 100.0% 12.733
WHAT SERVICES USE THE MILLAGE- 13.733 Services FY 2018 Millage Increase Budget % from 12.733 Public Safety 53.8% 7.391 0.538 Legislative & Executive 13.1% 1.798 0.131 Judicial 11.4% 1.564 0.114 Public Works 8.0% 1.105 0.080 Health & Welfare 4.3% 0.596 0.043 Culture & Recreation 4.3% 0.595 0.043 Debt;Development Authority 2.9% 0.393 0.029 Housing & Development 2.1% 0.291 0.021 Total 100.0% 13.733 1.000
Breakdow n of Legislative & Executive Millage by Department Services Percent of Share of Total L & E L & E Millage Technology 17.8% 0.319 Facilities Maintenance 16.3% 0.293 Tax Assessor 14.8% 0.267 Tax Commissioner 13.8% 0.247 Risk Management 8.2% 0.147 Elections 5.2% 0.094 Finance 5.0% 0.089 County Manager 4.4% 0.079 Board of Commissioner 4.0% 0.072 Human Resources 3.6% 0.065 Procurement 2.2% 0.039 Public Relations 2.0% 0.036 County Attorney 1.8% 0.033 County Clerk 0.9% 0.016 TOTAL 100.0% 1.798
ALLOCATION OF TAX DOLLARS On $150,000 home X 40% value = $60,000 12.733 County Millage w ith Std. Exemptions ALLOCATION OF TAX DOLLARS On $150,000 home X 40% value = $60,000 13.733 County Millage w ith Std. Exemptions
Property Value Cost - $150,000 (13.733 Millage Rate) AS % FY 2017-2018 of Total Yearly Cost Per Day Cost Adopted Budget Budget • Legislative & Executive $ 76.65 $ 0.21 $ 19,146,109 12.40% • Unallocated Cost 30.37 0.08 7,584,529 4.91% • Judicial System 66.66 0.18 16,649,209 10.79% • Public Safety 314.28 0.86 78,498,394 50.86% • Public Works 48.14 0.13 12,024,578 7.79% • Health & Welfare 25.80 0.07 6,443,893 4.17% • Culture & Recreation 26.06 0.07 6,509,296 4.22% • Housing & Development 12.33 0.03 3,080,169 2.00% • Other Uses 17.70 0.05 4,421,093 2.86% • • Total $ 617.99 $ 1.68 $154,357,270 100.00%
Public Safety Property Tax Cost Home Value $150,000 (13.733 Millage Rate) AS % FY 2017-2018 of Total Yearly Cost Per Day Cost Adopted Budget Budget • Police $ 84.05 $ 0.230 $ 20,995,252 13.60% • EMS/Fire Department 112.50 0.308 28,099,022 18.20% • EMA 1.36 0.004 339,331 .22% • Public Safety Communication 1.68 0.005 420,288 .27% • Sheriff Administration 48.22 0.132 12,043,457 7.80% • Jail Operations 56.38 0.154 14,081,321 9.12% • Other Public Safety 10.09 0.028 2,519,723 1.63% • • Total $ 314.28 $ 0.861 $ 78,498,394 50.84%
ALLOCATION OF TAX DOLLARS On $250,000 home X 40% value = $100,000 12.733 County Millage w ith Std. Exemptions ALLOCATION OF TAX DOLLARS On $250,000 home X 40% value = $100,000 13.733 County Millage w ith Std. Exemptions
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