1 / 26

County of Beaufort

County of Beaufort. Fiscal Year 2018-2019 Recommended Budget Presentation May 14, 2018. FY 18-19 Recommended Budget. Presented as required by NCGS 159 Balanced and prepared in accordance with policies and procedures outlined in the Local Government Budget and Fiscal Control Act

ernaj
Télécharger la présentation

County of Beaufort

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. County of Beaufort Fiscal Year 2018-2019 Recommended Budget Presentation May 14, 2018

  2. FY 18-19 Recommended Budget • Presented as required by NCGS 159 • Balanced and prepared in accordance with policies and procedures outlined in the Local Government Budget and Fiscal Control Act • Contains 3 sections • Continuation Budget • Service Expansions • Fee Manual

  3. FY 18-19 Recommended Budget • July 1 – June 30 Budget Period • Process • Planning Retreat • Internal Budget Work • Budget Workshops (this week and next) • Public Hearing (June regular meeting) • Adoption (Special second June meeting)

  4. FY 18-19 Recommended Budget • Overview • Maintains all services and programs • Maintains prior year fire and EMS district tax levels • Makes adjustments for 2018 Revaluation • Recommended ad valorem tax rate of $0.60 for each $100 of assessed valuation • 3 cents for “revenue neutral” • 2 cents to maintain current County provided services

  5. FY 18-19 Recommended Budget • General Fund • $56,714,321 • Decrease of $1,147,730 from prior year • 2% decrease • Appropriates $251,457 in fund balance • Decrease of $793,383 from prior year • $15.67 M in fund balance est. June 30, 2019 • 27.63% of expenditures

  6. FY 18-19 Recommended Budget • Revenues • Property taxes $34,357,419 • $0.60 per $100 valuation • $5,730,622,022 total taxable valuation • Total real property valuation down 5.5% • Assumes 97.92% collection for real/personal • Assumes 100% for motor vehicle

  7. FY 18-19 Recommended Budget

  8. FY 18-19 Recommended Budget

  9. FY 18-19 Recommended Budget • Revenues • Sales and other taxes $9,360,061 • Up in current year • Based on broader base of taxes by General Assembly • FY 18-19 estimated to be up 4% • Anticipate trends leveling out next year

  10. FY 18-19 Recommended Budget • Revenues • Restricted and Intergovernmental $9,852,066 • Project lower in FY 18-19 • Mostly due to program changes in DSS • Childcare payments in NCFAST • Medicaid payments in NCTRACKS • Subject to change over the course of the year based on State and Federal programs

  11. FY 18-19 Recommended Budget • Revenues • Licenses, Fees and other $2,368,931 • Significant decrease from prior year • Due to one-time installment note proceeds related to the prior year $3M financing package • Projected slightly upward in FY 18-19 after removal of financing proceeds

  12. FY 18-19 Recommended Budget • Revenues • Investment earnings $220,000 • Projected increase in FY 18-19 due to investment changes in County’s portfolio in FY 16-17 • Interest rates projected to rise • March 2018 – Fed raised rate a quarter point to a range of 1.50% to 1.75% • Anticipated to raise two more times in 2018 • Would put rate at 2.25% going into 2019

  13. FY 18-19 Recommended Budget • Revenues • Administrative Charge $304,387 • New in FY 18-19 • Charged to Enterprise Funds • Pays back services used from the General Fund • Helps eliminate general fund tax subsidy to enterprise fund user fees • Based on specific units used (IT example)

  14. FY 18-19 Recommended Budget • Revenues • Appropriated fund balance $251,457 • Decrease of $793,383 from prior year • $15.67 M in fund balance est. June 30, 2019 • 27.63% of expenditures

  15. FY 18-19 Recommended Budget

  16. FY 18-19 Recommended Budget • Expenditures • Education $18,492,235 • Human Services $15,384,309 • Public Safety $11,871,763 • General Government $ 6,132,461 • Community Services $ 1,640,371

  17. FY 18-19 Recommended Budget • Expenditures • General Government • Decreased overall from prior year by 5.6% • Tax Assessor up - 3 positions moved from Planning • Tax Collector down - elimination of position and replacement with lock box service • Elections down - no municipal election • Register of Deeds up - automation funds • Maintenance, Buildings and Grounds up - furnishings for financial services center and Horne building repairs • Other departments flat or less

  18. FY 18-19 Recommended Budget • Expenditures • Human Services • Decreased overall by $1,667,113 or 9.8% • Driven by DSS changes in NCFAST and NCTRACKS • BATS – increase of $52,500 • Final year of 2-year adjustment approved last year • Eliminates subsidy provided by BCDC • Other departments decreased

  19. FY 18-19 Recommended Budget • Expenditures • Community Services • Down overall by $192,739 or 10.5% • Driven by elimination of Planning Director position • Services now contracted with local COG • Movement of 3 positions from Planning to Assessor

  20. FY 18-19 Recommended Budget • Expenditures • Education • Beaufort County Schools • Maintains FY 17-18 funding level • Beaufort County Community College • Slightly lower than FY 17-18 • Additional Campus Police Office moved to service expansion

  21. FY 18-19 Recommended Budget • Expenditures • Public Safety • Up overall by $349,488 or 3% • Emergency Management replacing vehicle • Animal Control replacing cat kennels due to State inspection requirements • Increased Jail Safe Keeping funds by $150,000 • Increased Medical Examiner funds by $25,000

  22. FY 18-19 Recommended Budget

  23. FY 18-19 Recommended Budget • Enterprise Funds • Water • $7,322,910 • Consolidation of the 7 water districts into a single operational water district using an interlocal agreement between the County and the districts • Incorporates new water rate study that consolidates existing rates over a five-year period into a uniform rate for all class customers • Established a formal 10-year CIP for the entire system • $380,338 is estimated to be added to Fund Balance Reserve

  24. FY 18-19 Recommended Budget • Enterprise Funds • Solid Waste • Projected $3,383,648, 4.89% increase • $145 per parcel maintained (utility fee – not tax) • Not charged to vacant land or parcels with recognized full service solid waste provider (pays tipping fee) • Corrected prior exempted properties • All residential waste costs • Municipal vs. other pick up • 11 convenience sites and transfer station • General fund transfer to pay for services

  25. FY 18-19 Recommended Budget • Schedule • Tonight – presentation of recommended budget • Budget Workshops • Thursday, May 17 – General Fund • Monday, May 21 – General Fund and Enterprise Funds • Tuesday, May 22 – Service Expansions (County and Outside Agencies) • Thursday, May 24 – Finalize Budget • Monday, June 4 (regular meeting) – Public hearing • Monday, June 11 (special meeting) – Adopt budget

  26. FY 18-19 Recommended Budget • Questions

More Related