1 / 30

Overview of Orange County FY 2014-15 Budget Workshop: Key Insights and Revenue Outlook

This presentation outlines the key elements of the Orange County FY 2014-15 budget workshops held from July 14-17, 2014. It includes a schedule of the worksession, an overview of the revenue outlook with major sources of income, and a detailed breakdown of the proposed budget across various sectors including General Fund, Special Revenue, and Capital Projects. The presentation also covers the timeline for budget approvals, public hearings, and millage rates, providing crucial insights into the financial planning for the upcoming fiscal year.

edward
Télécharger la présentation

Overview of Orange County FY 2014-15 Budget Workshop: Key Insights and Revenue Outlook

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Orange County BudgetFY 2014-15 Worksession Overview July 14, 2014

  2. Presentation Outline • Worksession Schedule • Revenue Outlook • Proposed FY 2014-15 Budget • Budget Timeline

  3. Presentation Outline • Worksession Schedule • Revenue Outlook • Proposed FY 2014-15 Budget • Budget Timeline

  4. Worksession Schedule Introduction Administrative Services Family Services Fire Rescue Public Works Utilities Community, Environmental, and Development Services TDT / Convention Center / CIP Corrections Health Services & Corrections Health I-Drive CRA Orange County CRA (OBT) Library Day 1 - Budget Worksession

  5. Worksession Schedule Constitutional Officers LYNX Outside Agencies Day 2 - Budget Worksession

  6. Worksession Schedule Board Budget Discussion Summary of Changes / Requests Approval of: Proposed Millages / Budget Budget Consent Agenda Day 3 – No Board Meeting Day 4 – Budget Worksession

  7. Presentation Outline • Worksession Schedule • Revenue Outlook • Proposed FY 2014-15 Budget • Budget Timeline

  8. Revenue Outlook Countywide Property Tax $75M

  9. Revenue Outlook Sheriff $20M

  10. Revenue Outlook Fire Rescue $24M

  11. Revenue Outlook Up $22M Half Cent Sales Tax

  12. Revenue Outlook Public Service Taxes/CST Flat

  13. Revenue Outlook State Revenue Sharing $6M

  14. Revenue Outlook Fuel Taxes Flat

  15. Revenue Outlook Impact Fees $19M *Traffic, Law Enforcement, Fire, and Parks Impact Fees

  16. Revenue Outlook Major Revenue Sources 5.7% $959 $938 $877 $867 $820 $801 $788 $788 $401 $475 $428 $476 $373 $374 $362 $362 $107 $87 $105 $81 $94 $82 $79 $79 $109 $101 $133 $131 $116 $102 $98 $98 $126 $116 $124 $144 $148 $131 $131 $113 $88 $88 $92 $88 $88 $88 $89 $96

  17. Revenue Outlook Major Revenue Sources 10% Decline or -$92M $959 $938 $877 $867 $820 $801 $788 $788 $401 $475 $428 $476 $373 $374 $362 $362 $107 $87 $105 $81 $94 $82 $79 $79 $109 $101 $133 $131 $116 $102 $98 $98 $126 $116 $124 $144 $148 $131 $131 $113 $88 $88 $92 $88 $88 $88 $89 $96

  18. Revenue Outlook Major Revenue Sources $834M $959 $938 $877 $867 $820 $801 $788 $788 $401 $475 $428 $476 $373 $374 $362 $362 $107 $87 $105 $81 $94 $82 $79 $79 $109 $101 $133 $131 $116 $102 $98 $98 $126 $116 $124 $144 $148 $131 $131 $113 $88 $88 $92 $88 $88 $88 $89 $96

  19. Taxable Value: $200K Home $1,975 $1,697 ($278) Proposed FY 2014-15 Budget Millage Rate Comparison 2015 Millage 2007 Millage • RateRateChange • Countywide 5.1639 4.4347 (14%) • Fire MSTU 2.5862 2.2437 (13%) • Sheriff MSTU 2.1234 1.8043 (15%)

  20. Presentation Outline • Worksession Schedule • Revenue Outlook • Proposed FY 2014-15 Budget • Budget Timeline

  21. Proposed FY 2014-15 Budget Total Budget Proposed FY 2015 • General Fund $ 775M • Special Revenue 906 • Debt Service 493 • Capital Projects 121 • Enterprise Funds 766 • Internal Service 238 • Total Budget $ 3,299M

  22. Proposed FY 2014-15 Budget Total Budget Proposed FY 2015 • General Fund $ 775M • Special Revenue 906 • Debt Service 493 • Capital Projects 121 • Enterprise Funds 766 • Internal Service 238 • Total Budget $ 3,299M

  23. Proposed FY 2014-15 Budget Operating 2015 54% 46%

  24. Proposed FY 2014-15 Budget Operating 2015 Public Safety Sheriff Corrections Fire 54%

  25. Proposed FY 2014-15 Budget Operating 2015 46% Non-Public Safety BCC Departments Constitutional Officers LYNX Outside Agencies CRAs Other

  26. Proposed FY 2014-15 Budget Note: Excludes Court Related Positions for Comparison Purposes

  27. Proposed FY 2014-15 Budget Population Growth 26% Note: Excludes Sheriff, Fire, Corrections, and Court Positions

  28. Presentation Outline • Worksession Schedule • Revenue Outlook • Proposed FY 2013-14 Budget • Budget Timeline

  29. Budget Timeline • Budget Worksession with BCC July 14 – 17 • Approval of Tentative Millage Rates • Approval of Tentative Budget • Approval of Budget Consent Agenda • Notify PA of Proposed Millage Rates Aug. 1 • PA Mails TRIM Notices Aug. 15 • 1st Budget Public Hearing – 5:01 p.m. Sept. 4 • 1st Library Public Hearing – 5:01 p.m. Sept. 11 • 2nd Budget Public Hearing – 5:01 p.m. Sept. 18 • 2nd Library Public Hearing – 5:01 p.m. Sept. 23

  30. Orange County BudgetFY 2014-15 Worksession Overview July 14, 2014

More Related