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County of Nevada

This report outlines the fiscal status of Nevada County as of January 27, 2003. It highlights significant events from the 2002/2003 fiscal year, including operating results, revenue sources, and expenditures through December 31, 2002. It discusses uncertainties and threats impacting the budget, outlines contingency actions, and reviews the fiscal position as of June 30, 2002. The report indicates that the 2001/2002 fiscal results ended better than anticipated and presents recommendations for addressing expected PERS cost increases while maintaining service levels.

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County of Nevada

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  1. County of Nevada Board Of Supervisors Fiscal Report January 27, 2003 (UNAUDITED)

  2. County of Nevada • Significant Fiscal Events To Date In 2002/2003 • Operating Results Through 12/31/02 • Fiscal Uncertainties and Threats • Potential Contingency Actions • Fiscal Position 6/30/2002

  3. 2001/2002 Fiscal Results • 2001/2002 Ended Modestly Better than Anticipated General Fund Revenues Exceeded Expenditures: Note: $1.3 Million in One-Time GASB 34 Residual Equity Transfers from Closed Funds

  4. General Fund Discretionary Revenues

  5. General Fund Discretionary Revenues

  6. 2001/02 General Fund Revenues by Source

  7. 2001/02 General Fund Expenditures by Category

  8. 2001/02 Other Operating Funds

  9. 2001/02 Expenditures By Department

  10. GF Fund Balance

  11. Realignment Special Revenues

  12. Road/MVLF/Measure F/CIP

  13. June 30, 2002 Perspective • General Fund Results for 2001-2002 Improved the Picture by $2,354,000, Allowing for Recommendation to Fund Expected PERS Cost Increases • Discretionary Revenues Continued Modest Upward Trend in 2001-2002 • Other Operating Funds Also Ended 2001-2002 Positively • Road CIP Funding Positive • HSA & Environmental Health Fund Balances Available to Backfill • Financially Solvent

  14. 2002/2003 Budget Fiscal Position & Plan • Prepared to Maintain Current Levels of Service to Citizens absent Negative State Actions • Balanced 02/03 Budget Along With Increase in Reserves for Technology, Space, and un-funded Liabilities • Financially Solvent

  15. 2002/2003 Mid-Year Significant Fiscal Events • Certain Fund Balance Changes & Recommendations • Release of 6/30/02 Encumbrances & Associated Reduction in Supplemental Appropriations • Positive Impact of Vacancy Elimination • Positive Consolidated Budget Amendment #1 • Memorandums of Understanding with Certain Bargaining Units • Commitments for Certain Separation Payments

  16. 2002/2003 Budget Changes to GF Fund Balance

  17. 2002/2003 Changes to Contingency Budget

  18. Q2 2002/2003General Fund Discretionary Revenues

  19. Q2 2002/2003 General Fund Expenditures by Category

  20. Q2 General Fund Revenue/Expenditures

  21. Q2 2002/03 Other Operating Funds

  22. Uncertainties/Threats • PERS • Miscellaneous 2003/04 2.7% 2004/05 7.5% • Miscellaneous Each 1% Approximately $400K • Public Safety 2003/04 4.3% 2004/05 13.5% • Public Safety Each 1% Approximately 40K • Public Safety Move to 3% @ 50 • MOUS • Results/Costs of Lawsuits • IHHS Public Authority Escalating Costs • CSS Incentive Revenue Return to State • Space Needs

  23. State Budget Impacts • MVLF Backfill Elimination • Realignment 2 • Others

  24. Potential Contingency Actions • Intensified Vacancy Review • RIF through attrition • No New FTEs in 2003/04 Budget • No Supplementals in 2003/04 Budget

  25. Recap Vigilance

  26. County of Nevada Board Of Supervisors Fiscal Report January 27, 2003

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