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Nevada County Board of Supervisors Fiscal Report: 2004/2005 to 2006/2007 Budget Outlook

This fiscal report provides a comprehensive review of Nevada County's financial status for the fiscal years 2004/2005 and 2005/2006, along with a mid-year budget outlook for 2006/2007. The presentation affirms the current financial perspective, updates on revenue trends, and discusses uncertainties and future needs. Key highlights include improvements in discretionary revenues, operating funds health, and important financial recommendations for upcoming budgets. Detailed analysis covers revenues, expenditures, and strategic growth plans as discussed in the January 30, 2006 workshop.

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Nevada County Board of Supervisors Fiscal Report: 2004/2005 to 2006/2007 Budget Outlook

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  1. Nevada County Board of Supervisors Fiscal Report Fiscal year 2004/2005 2005/2006 Mid Year 2006/2007 Budget Outlook Board of Supervisors Workshop January 30, 2006

  2. Fiscal report Review Results for fiscal 2004/2005 Results for mid year fiscal 2005/2006 Fiscal recommendations and the upcoming budget Desired Outcomes of This Presentation • Provide Information To Affirm Your Current Perspective • Update Your Perspective to Current Time • Discuss Future Needs and Uncertainties and the Alternatives

  3. 2004/2005 General Fund Results(Unaudited)

  4. General Fund Revenues by Source

  5. General Fund Discretionary Revenues

  6. General Fund Expenditures by Category

  7. Expenditures By Department

  8. 2005/06 General Fund Revised Plan

  9. 2005/06 General Fund Revised Plan

  10. Other Operating Funds

  11. Affirm Your Current Perspective • General fund results improve on 2005-2006 budget plan beginning balance • Discretionary revenues continued modest upward trend in 2004-2005 • Other operating funds healthy • Financially Healthy

  12. Q2 2005/2006General Fund Revenues

  13. Q2 2005/2006 General Fund Expenditures

  14. Update Perspective to Current Time • Q2 2005/2006 on target • Major prior year and current year events to date covered • The 2004/2005 Budget perspective is intact

  15. General Fund 2005/06 Budget Discretionary Revenues

  16. Property Tax

  17. Property Tax

  18. Penalties

  19. Property Transfer Taxes

  20. Property Tax Administration

  21. Sales & Use Tax

  22. Transient Occupancy Tax

  23. Franchise Fees

  24. Motor Vehicle License Fee

  25. Interest

  26. Total Discretionary Revenue

  27. Discretionary RevenueIs Used For

  28. Recap • MVLF to property tax swap provides growth • ERAF III Ended • Economic driven revenues estimated flat • Annexation impacts continues • Resources to allocate in 2006/07 at least PAR to final 2005/06 budget • Real Estate Driven Revenues Strong but Expected to Change

  29. State & Federal Budget • November 2005 Election costs to be reimbursed • Rural County Sheriff Grant is included • First year funded of SB90 claim repayment • SB90 Current year is funded • Assessor’s grant program is suspended • Federal CSS Penalty is funded by State • Ten Year “Strategic Growth” or Infrastructure Plan

  30. State & Federal Budget • IHSS provider costs funded at current participation levels but proposed minimum wage increase could significantly impact costs • Prop 36/SACPA funded at current levels for one year only • Mental Health Services to Special Education Pupils (AB3632) underfunded

  31. State & Federal Budget • Proposition 42 fully funded. However no local funds anticipated until 2008/09 • Booking Fees funded as “placeholder” • Federal proposal to eliminate federal participation on reinvested child support incentive funds. • Federal proposal to restrict MediCal reimbursement for Case Management Services.

  32. Property Taxes

  33. Jail Expansion • Annual operating costs could exceed 2+ million each year • Required Needs assessment • Alternatives to extend expansion requirement • Capital Costs could exceed 10 million

  34. Health & WelfareRealignment Special Revenues

  35. Mental Health Realignment With Shift Without Shift

  36. Indirect Cost Allocation Plan (A87)

  37. Cost of Staffing • PERS growth is stabilizing • OPEBs – GASB 45 • Upcoming Labor Negotiations • Vacancy Review • Technology Strategic Plan • Imagine This Initiative

  38. Roads

  39. Capital Facilities • Capital Facilities Master Plan • Preservation of existing assets • Expansion requirements • Identified needs will likely require COP • Staff is considering alternate potentials for an income stream

  40. Court Transfers • Negotiations protracted • Annual Court Facility Payments $200,000 • Seismic Issues • Court Transfers moving forward

  41. Other • SAN District Upgrades • General Plan Costs • West Nile Virus • HAVA • Indigent defense

  42. Vigilance

  43. THANKS! Louise Bock Katy Eckert Tina Vernon Pamela Raymond Leann Whitaker Laura Matteson Rick Haffey County Fiscal Staff Auditor Controller & Staff

  44. Nevada County Board of Supervisors Fiscal Report Fiscal year 2004/2005 2005/2006 Mid Year 2006/2007 Budget Outlook Board of Supervisors Workshop January 30, 2006

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