Charlotte County 2017/18 2018/19 Proposed Budget 1 st Public - - PowerPoint PPT Presentation

▶
charlotte county 2017 18 2018 19 proposed budget 1 st
SMART_READER_LITE
LIVE PREVIEW

Charlotte County 2017/18 2018/19 Proposed Budget 1 st Public - - PowerPoint PPT Presentation

Sep 15, 2022 50 likes •402 views

Charlotte County 2017/18 2018/19 Proposed Budget 1 st Public Hearing September 12, 2017 1 Agenda County Administrator Opening Comments Review of FY17/18 FY18/19 Budget Process Summary of Proposed Budget Millage

slide-1
SLIDE 1

1

Charlotte County 2017/18 – 2018/19 Proposed Budget 1st Public Hearing

September 12, 2017

slide-2
SLIDE 2

2

Agenda

  • County Administrator – Opening Comments
  • Review of FY17/18 – FY18/19 Budget Process
  • Summary of Proposed Budget
  • Millage Rates
  • Proposed Aggregate County Millage Rate
  • Announce Total net Proposed Budget
  • Changes from July 18th Workshop
  • Adopt tentative rates / budgets and final MSBU

rates

slide-3
SLIDE 3

3

Review of 2017/18 -2018/19 Budget Process

slide-4
SLIDE 4

4

Stage I

Establish Broad Goals

Stages of the Budget Process

Stage II

Develop Approaches to Achieve Goals

Stage IV

Evaluate Performance and make Adjustments

Stage III

Develop a Budget to Achieve Goals

slide-5
SLIDE 5

Calendar

5

Dec Review of proposed process with BCC – confirm strategic focus areas Results from Employee Survey Results from Citizen Survey SWOT workshops with Dirs & Managers for each Focus Area On-line solicitation of citizen input Jan Public Input meetings on operations and services Prepare review packet for BCC  SWOT analysis  Citizen Survey  Employee Survey BCC Strategic Plan Workshop Feb BCC workshop for preliminary review  Assumptions and projected financial status  Confirm direction to organization  Review of policies Departments submit budgets and update PBB information Departments update strategic plans

slide-6
SLIDE 6

Calendar

6

Mar Goals workshop with Dirs & Managers for each Focus Area Departmental meetings with Budget to review operations and programs, confirm requests and prepare for meeting with Admin. Apr Departmental budget meetings with Admin May BCC workshops  Review of operations, service levels and cost by strategic focus area  Review efforts to advance BCC goals  Update revenue picture May - June Internal balancing of budget July Presentation of Recommended Budget MSBU Public Hearings Sept Public Hearings on Recommended 2017/18 – 2018/19 Budget BCC adoption of 2017/18 – 2018/19 Budget

slide-7
SLIDE 7

7

Summary of Proposed Budget

2017/18 – 2018/19

slide-8
SLIDE 8

Assessed Valuation

8

$0 $5,000 $10,000 $15,000 $20,000 $25,000

1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Millions

slide-9
SLIDE 9

9

FY17/18 Property Valuations

FY 16/17 FY 16/17 FY 17/18

Tentative

Final

Tentative

Variance County-wide 13,981,356,012 14,004,316,687 15,198,971,608 1,194,654,921 8.53% Environmentally Sensitive Land Program 14,073,844,300 14,097,322,728 15,319,212,966 1,221,890,238 8.67% Greater Charlotte Street Lighting District 10,103,627,045 10,087,375,186 10,930,827,934 843,452,748 8.36% Charlotte Public Safety Unit 11,362,908,658 11,380,027,970 12,403,526,654 1,023,498,684 8.99% Don Pedro/Knight Island Street/Drainage 332,465,493 332,217,316 352,330,164 20,112,848 6.05% Manasota Key Street & Drainage Unit 469,016,366 467,996,144 498,589,958 30,593,814 6.54% Stump Pass/Beach Renourishment 4,880,396,033 4,873,017,707 5,341,774,088 468,756,381 9.62% Sandhill Municipal Service Taxing Unit 115,898,594 117,558,029 121,650,393 4,092,364 3.48%

slide-10
SLIDE 10

Neighboring Counties

Valuation Increase

10

Collier 8.41% Manatee 8.56% Sarasota 8.25% Lee 8.94%

slide-11
SLIDE 11

11

Valuation Impact on Homestead Tax Bill

(Charlotte County Millage Only)

Note: $50,000 Homestead Exemption assumed

Valuation 2016/17 Tax Bill 2017/18 Tax Bill $100,000 470.91 490.69 $200,000 1,412.74 1,452.30 $300,000 2,354.57 2,413.90

slide-12
SLIDE 12

How Your Tax Dollar is Spent

FY17/18

slide-13
SLIDE 13

13

Millage Rates

County-wide 5.8054 88,236,999 6.3007 95,764,161 9.8009 148,963,601 6.3007 95,764,161 General Fund 1.9079 28,998,739 2.0707 31,472,511 3.2210 48,956,295 2.0707 31,472,511 Sheriff Operations 2.6480 40,247,006 2.8739 43,680,324 4.4704 67,945,862 2.8739 43,680,324 Capital Projects Fund 1.1659 17,721,062 1.2654 19,232,779 1.9684 29,917,079 1.2654 19,232,779 Health Unit 0.0836 1,270,192 0.0907 1,378,547 0.1411 2,144,365 0.0907 1,378,547 Environmentally Sensitive Land Program 0.1840 2,819,465 0.2000 3,063,843 0.2000 3,063,843 0.2000 3,063,843 Greater Charlotte Street Lighting District 0.2999 3,278,397 0.3250 3,552,519 0.4004 4,376,704 0.3250 3,552,519 Charlotte Public Safety Unit 2.3722 29,423,062 2.5855 32,069,318 3.0962 38,403,799 2.5855 32,069,318 Don Pedro/Knight Island Street/Drainage 1.6984 598,390 1.8012 634,617 3.3743 1,188,868 1.4410 507,708 Manasota Key Street & Drainage Unit 0.7320 364,943 0.7798 388,800 1.4238 709,892 0.7798 388,800

  • Stump Pass/Beach Renourishment

0.1804 963,883 0.1978 1,056,603 0.4091 2,185,320 0.1978 1,056,603 Sandhill Municipal Service Taxing Unit 0.6824 83,019 0.7062 85,910 1.7289 210,321 0.7062 85,910 Total Revenue: 11.9547 125,768,158 12.8962 136,615,771 20.4336 199,102,348 12.5360 136,488,862 Revenue Same as 2016/17 Millage Rate the Same Maximum Roll-back Millage Tentative Rates Set July 18, 2017

slide-14
SLIDE 14

14

Revised Projection – July 18, 2017 Projected Projected Projected Projected Projected Actual Budget Budget Budget Budget Budget Budget FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Operating Revenues Ad Valorem Taxes 26,351 28,951 31,426 33,046 34,698 36,433 38,255 State Shared Revenues 17,940 17,223 20,018 20,708 21,743 22,396 23,068

Franchise Fees - FPL

8,948 9,000 9,000 9,000 9,090 9,181 9,273 Charges for Services 9,989 7,878 9,885 10,165 10,266 10,369 10,473 Other Revenues & Fees 3,788 4,270 3,759 3,590 3,626 3,663 3,699 Less 5%-FS 129.01(2)(B)

  • 3,217
  • 3,624
  • 3,761
  • 3,971
  • 4,102
  • 4,238

Internal Charges 15,632 15,632 17,757 19,163 19,163 19,163 19,163 Transfers In 10,301 7,771 7,708 7,743 8,130 8,537 8,963 Total Revenues 92,949 87,507 95,930 99,654 102,746 105,639 108,655 Expenditures Personal Services-Excluding Health 29,396 32,843 32,574 33,740 35,089 36,493 37,953 FRS Rates 3,180 3,315 3,272 3,358 3,459 3,563 3,669 Health & Life Insurance Costs 6,343 7,998 8,055 8,445 8,868 9,311 9,776 Operating Expenses 33,240 36,849 37,569 38,335 38,718 39,105 39,496 Capital Outlay 1,183 862 1,434 1,206 1,206 1,206 1,206 Grants & Aid 4,985 5,577 6,036 6,124 6,307 6,497 6,691 Transfers 16,784 9,179 10,305 10,402 10,714 11,035 11,366 Total Expenditures 95,110 96,622 99,245 101,609 104,361 107,209 110,158 Use of Reserves 2,161 9,115 3,315 1,955 1,614 1,570 1,503

General Fund

Five Year Financial Plan - Revenue/Expenditures (Thousands)

slide-15
SLIDE 15

Long-range Variables

15

Budget Budget Budget Budget Budget FY17/18 FY18/19 FY19/20 FY20/21 FY21/22

Additional Homestead Exemption 1,202,871 1,202,871 1,202,871 Sales Tax projects operating costs 449,220 1,358,592 2,975,914 3,259,657 3,259,657 Manasota Key renourishment 1,100,000 1,100,000 1,100,000 1,100,000 2,458,592 5,278,785 5,562,528 5,562,528 6.5% valuation increase 471,397 997,005 1,581,526 2,230,026 2,947,965 8.0% valuation increase 942,795 2,008,152 3,208,236 4,556,297 6,066,773

slide-16
SLIDE 16

General Fund Five Year Projection

Updated for Long-range Variables

16

Projected Projected Projected Projected Projected Actual Budget Budget Budget Budget Budget Budget FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Operating Revenues Ad Valorem Taxes 26,351 28,951 31,426 33,941 35,456 37,229 39,090 State Shared Revenues 17,940 17,223 20,018 20,708 21,743 22,396 23,068

Franchise Fees - FPL

8,948 9,000 9,000 9,000 9,090 9,181 9,273 Charges for Services 9,989 7,878 9,885 10,165 10,266 10,369 10,473 Other Revenues & Fees 3,788 4,270 3,759 3,590 3,626 3,663 3,699 Less 5%-FS 129.01(2)(B)

  • 3,217
  • 3,624
  • 3,761
  • 4,009
  • 4,142
  • 4,280

Internal Charges 15,632 15,632 17,757 19,163 19,163 19,163 19,163 Transfers In 10,301 7,771 7,708 7,743 8,362 8,781 9,220 Total Revenues 92,949 87,507 95,930 100,548 103,698 106,638 109,705 Expenditures Personal Services-Excluding Health 29,396 32,843 32,574 33,740 35,089 36,493 37,953 FRS Rates 3,180 3,315 3,272 3,358 3,459 3,563 3,669 Health & Life Insurance Costs 6,343 7,998 8,055 8,445 8,868 9,311 9,776 Operating Expenses 33,240 36,849 37,569 38,335 38,718 39,105 39,496 Capital Outlay 1,183 862 1,434 1,206 1,206 1,206 1,206 Grants & Aid 4,985 5,577 6,036 6,124 6,307 6,497 6,691 Transfers 16,784 9,179 10,305 11,502 13,661 14,354 14,785 Total Expenditures 95,110 96,622 99,245 102,709 107,308 110,528 113,577 Use of Reserves 2,161 9,115 3,315 2,161 3,610 3,890 3,872

slide-17
SLIDE 17

General Fund Five Year Projection

Reduced General Fund Millage Rate – 2.0001 mills (Revenue as initially projected – 5% growth)

17

Projected Projected Projected Projected Projected Actual Budget Budget Budget Budget Budget Budget FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Operating Revenues Ad Valorem Taxes 26,351 28,951 30,353 32,782 34,204 35,915 37,710 State Shared Revenues 17,940 17,223 20,018 20,708 21,743 22,396 23,068

Franchise Fees - FPL

8,948 9,000 9,000 9,000 9,090 9,181 9,273 Charges for Services 9,989 7,878 9,885 10,165 10,266 10,369 10,473 Other Revenues & Fees 3,788 4,270 3,759 3,590 3,626 3,663 3,699 Less 5%-FS 129.01(2)(B)

  • 3,217
  • 3,624
  • 3,761
  • 3,947
  • 4,076
  • 4,211

Internal Charges 15,632 15,632 17,757 19,163 19,163 19,163 19,163 Transfers In 10,301 7,771 7,708 7,743 8,362 8,781 9,220 Total Revenues 92,949 87,507 94,857 99,389 102,509 105,390 108,394 Expenditures Personal Services-Excluding Health 29,396 32,843 32,574 33,740 35,089 36,493 37,953 FRS Rates 3,180 3,315 3,272 3,358 3,459 3,563 3,669 Health & Life Insurance Costs 6,343 7,998 8,055 8,445 8,868 9,311 9,776 Operating Expenses 33,240 36,849 37,569 38,335 38,718 39,105 39,496 Capital Outlay 1,183 862 1,434 1,206 1,206 1,206 1,206 Grants & Aid 4,985 5,577 6,036 6,124 6,307 6,497 6,691 Transfers 16,784 9,179 10,305 11,502 13,661 14,354 14,785 Total Expenditures 95,110 96,622 99,245 102,709 107,308 110,528 113,577 Use of Reserves 2,161 9,115 4,388 3,320 4,799 5,138 5,183

slide-18
SLIDE 18

General Fund Five Year Projection

Reduced General Fund Millage Rate – 1.9079 mills

(Revenue same as 2017) 18

Projected Projected Projected Projected Projected Actual Budget Budget Budget Budget Budget Budget FY15/16 FY16/17 FY17/18 FY18/19 FY19/20 FY20/21 FY21/22 Operating Revenues Ad Valorem Taxes 26,351 28,951 28,953 31,269 32,570 34,199 35,909 State Shared Revenues 17,940 17,223 20,018 20,708 21,743 22,396 23,068

Franchise Fees - FPL

8,948 9,000 9,000 9,000 9,090 9,181 9,273 Charges for Services 9,989 7,878 9,885 10,165 10,266 10,369 10,473 Other Revenues & Fees 3,788 4,270 3,759 3,590 3,626 3,663 3,699 Less 5%-FS 129.01(2)(B)

  • 3,217
  • 3,624
  • 3,761
  • 3,865
  • 3,990
  • 4,121

Internal Charges 15,632 15,632 17,757 19,163 19,163 19,163 19,163 Transfers In 10,301 7,771 7,708 7,743 8,362 8,781 9,220 Total Revenues 92,949 87,507 93,456 97,877 100,957 103,760 106,683 Expenditures Personal Services-Excluding Health 29,396 32,843 32,574 33,740 35,089 36,493 37,953 FRS Rates 3,180 3,315 3,272 3,358 3,459 3,563 3,669 Health & Life Insurance Costs 6,343 7,998 8,055 8,445 8,868 9,311 9,776 Operating Expenses 33,240 36,849 37,569 38,335 38,718 39,105 39,496 Capital Outlay 1,183 862 1,434 1,206 1,206 1,206 1,206 Grants & Aid 4,985 5,577 6,036 6,124 6,307 6,497 6,691 Transfers 16,784 9,179 10,305 11,502 13,661 14,354 14,785 Total Expenditures 95,110 96,622 99,245 102,709 107,308 110,528 113,577 Use of Reserves 2,161 9,115 5,789 4,832 6,351 6,768 6,895

slide-19
SLIDE 19

Millage Rates

19

County-wide 5.8054 88,236,999 9.8009 148,963,601 6.3007 95,764,161 6.2301 94,691,113 General Fund 1.9079 28,998,739 3.2210 48,956,295 2.0707 31,472,511 2.0001 30,399,463 Sheriff Operations 2.6480 40,247,006 4.4704 67,945,862 2.8739 43,680,324 2.8739 43,680,324 Capital Projects Fund 1.1659 17,721,062 1.9684 29,917,079 1.2654 19,232,779 1.2654 19,232,779 Health Unit 0.0836 1,270,192 0.1411 2,144,365 0.0907 1,378,547 0.0907 1,378,547 Environmentally Sensitive Land Program 0.1840 2,819,465 0.2000 3,063,843 0.2000 3,063,843 0.2000 3,063,843 Greater Charlotte Street Lighting District 0.2999 3,278,397 0.4004 4,376,704 0.3250 3,552,519 0.3250 3,552,519 Charlotte Public Safety Unit 2.3722 29,423,062 3.0962 38,403,799 2.5855 32,069,318 2.5855 32,069,318 Don Pedro/Knight Island Street/Drainage 1.6984 598,390 3.3743 1,188,868 1.4410 507,708 1.4410 507,708 Manasota Key Street & Drainage Unit 0.7320 364,943 1.4238 709,892 0.7798 388,800 0.7798 388,800 Stump Pass/Beach Renourishment 0.1804 963,883 0.4091 2,185,320 0.1978 1,056,603 0.1978 1,056,603 Sandhill Municipal Service Taxing Unit 0.6824 83,019 1.7289 210,321 0.7062 85,910 0.7062 85,910 Total Revenue: 11.9547 125,768,158 20.4336 199,102,348 12.5360 136,488,862 12.4654 135,415,814 Proposed Rates

  • Sept. 12, 2017

Revenue Same as 2016/17 Maximum Roll-back Millage Tentative Rates Set July 18, 2017

slide-20
SLIDE 20

20

Proposed Aggregate County Millage Rate

slide-21
SLIDE 21

21 21

Aggregate County Millage

The proposed aggregate millage rate is 8.7080 mills Which is 4.18% over the current year aggregate rolled back millage rate of 8.3584 mills.

slide-22
SLIDE 22

22

Total Net Proposed Budget

slide-23
SLIDE 23

23 23

Total Proposed Net* County-wide Budget

$719,656,452

Note: Net County-wide budget is net of internal transfers and reserves.

slide-24
SLIDE 24

24

Net Amended Budgets

(in millions)

1,091 981 720 345

  • 200

400 600 800 1,000 1,200 1,400 FY06/07 FY07/08 FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18

Adopted Less Transfers Less Reserves Operating

slide-25
SLIDE 25

Net Budget

Capital vs Operating

25

  • 100

200 300 400 500 600 700 800 FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 FY18/19 299 301 322 331 345 353 265 290 335 341 375 218 Millions Operating Capital

slide-26
SLIDE 26

26

BCC County-wide Full Time Personnel Count

1,237 1,409 1,330 1,128 1,069 1,012 1,004 1,000 1,020 1,052 1,105 1,151 1,162

  • 200

400 600 800 1,000 1,200 1,400 1,600 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 PERSONNEL FISCAL YEAR

slide-27
SLIDE 27

27

Reserve Policy - Adopted 9/8/09

Reserve for Contingencies: To mitigate current and future risks such as revenue shortfalls, unanticipated expenditures, and to ensure stable tax rates; and other unforeseen financial situations. A balance not less than 5% and not greater than 10% percent of the total budget. Cash Carried Forward Reserve: For the purpose of paying expenses from October 1 of the ensuing fiscal year until the time when the revenues for that year are expected to be available. A balance not less than 5% and not greater than 10% percent of the total budget. Fiscal Stabilization Reserve: To meet unexpected immediate increases in service delivery costs, or to maintain service levels in the event that an economic downturn should cause a shortfall in revenues or for expenditures associated with a major storm or other unforeseen disaster that fundamentally alters the current tax base. A balance not less than 15% percent of the total budget.

slide-28
SLIDE 28

Ad Valorem Reserves

28

Total Reserves % of Budget Target Contingency 24,592,340 $ 8.68% 5% - 10% Cash Carry Forward 16,938,954 $ 5.98% 5% - 10% Fiscal Stabilization 29,270,764 $ 10.34% > 15% Total: 70,802,058 $

slide-29
SLIDE 29

Reserves

Contingency Cash Carry Forward Fiscal Stabilization Future Capital Restricted Total Ad Valorem 24,592,340 16,938,954 29,270,764 70,802,058 Transportation Trust 6,223,671 4,741,224 10,964,894 Building Const Services 782,050 782,050 MSBUs 16,717,892 20,634,622 24,894,621 2,143,234 64,390,369 Fire Rescue Unit 1,508,823 1,508,823 1,675,548 4,693,194 Capital Projects 5,729,711 5,729,711 Utilities

7,013,373

12,777,997 19,552,117 a 39,343,487 Landfill 7,358,651 3,042,500 13,816,192 b 24,217,343 All Other * 14,259,721 3,426,970 11,506,638 11,010,901 40,204,230 77,674,471 47,250,593 29,270,764 59,627,015 47,304,494 261,127,336 a Restricted by Bond Covenant to guarantee debt service b Restricted for future landfill closure * All Other consists of:

  • Internal Service Funds such as Self Insurance and Vehicle Revolving Fund
  • Special Revenue Funds such as Tourism Development and Boater Revolving Fund
slide-30
SLIDE 30

County Debt Comparisons

  • 50

100 150 200 250 300 350 2013 2014 2015 2016 2017*

Millions

Utilities Murdock Village Stadium Conservation Charlotte Capital Projects

* Projected as of 6/30/17

slide-31
SLIDE 31

5 Year Budget History

31

Tentative FY13/14 FY14/15 FY15/16 FY16/17 FY17/18 Net Budget Operating 299,005,991 301,139,408 321,585,104 330,952,301 344,927,716 Capital 265,132,843 290,331,779 335,317,021 340,795,184 374,728,736 Total Net Budget 564,138,834 591,471,187 656,902,125 671,747,485 719,656,452 Millage Countywide 6.3007 6.3007 6.3007 6.3007 6.2301 Total Aggregate 8.7009 8.7061 8.7749 8.7807 8.7080 Change in Assessed Valuation 1.51% 4.45% 5.39% 6.41% 8.53% Tax Revenue Levied 106,991,034 111,674,739 118,166,085 125,581,344 135,415,813 Reserves Ad Valorem 67,129,489 63,070,872 66,027,233 69,173,420 70,802,058 County-wide 213,545,568 214,250,795 213,474,694 219,522,271 261,127,336 Debt Outstanding Debt 302,927,537 270,733,956 261,174,115 244,112,132 227,046,373

slide-32
SLIDE 32

32

Budget Changes Since July 18th Workshop

Listed on page 12 of the agenda

slide-33
SLIDE 33

Changes made since July 18th

  • BCC direction since July 18th

– July 28th BCC Meeting – MSBU Public Hearings

33

slide-34
SLIDE 34

Adopt changes as listed on page 12

BCC Action:

34

slide-35
SLIDE 35

Approval of Tentative Rates and Budgets

  • Tentative until final Public Hearing
  • Millage rates can be reduced – but not raised

Sections I. County-wide Funds

  • II. Voted Debt Service
  • III. MSTU’s (Municipal Service Taxing Units)
  • IV. Other Funds
  • Special Revenue Funds (non – MSBU)
  • Enterprise Funds
  • Special Revenue Funds (MSBU)

35