“FY 2016
County Administrator’s
Budget Recommendation
March 23, 2015”
Summary of Factors Affecting 2016 Budget
Development
Revenue
1. Slowly Improving Economy
2. State and Federal Revenues Flat or Declining
3. Significant Reductions in Property Tax Base Due to
New Assessments
4. Decline in Number of Utility Connections
Expenses
1. School Requested Increase
$572,500
2. Volunteer Fire/EMS Requested Increase
$125,000
3. Increasing County Debt Service
$196,000
4. Correction to 2015 Budgeted Jail Cost
$286,000
5. Correction to 2015 Budgeted CSA (Comprehensive Services Act)
$113,000
6. Employee Compensation (each 1% increase in pay)
7. Capital Needs
$80,000
$275,000
Equalization of the Real Estate Tax Due to
Change in Assessed Value in CY2015
(Real Estate Rate Only)
Real Estate
FY2015 Budgeted
(100% Collection
Rate & No Elderly
Tax Relief)
FY2016
(100% Collection
Rate & No Elderly
Tax Relief)
% Change
From Prior
Year
Countywide Assessed Value
$1,696,444,145
$1,498,654,494
-11.7%
Special School Taxing
District Assessed Value
$1,385,987,815
$1,188,107,562
-14.3%
$0.38
$0.43
13.2%
$6,446,488
$6,444,214
0%
$0.44
$0.51
15.9%
$6,098,346
$6,059,349
-0.6%
General Gov’t Rate
100% Tax Collections
School Fund Rate
100% Tax Collections
Constitutional Officer Funding
$4,000,000
$3,500,000
$3,000,000
$2,500,000
$2,000,000
Revenue
Expenditures
$1,500,000
$1,000,000
$500,000
$0
School Division Revenue
FY2010
FY2011
FY2012
FY2013
FY2014
State Revenue
$10,261,607
$9,187,164
$9,027,694
$9,093,614
$9,394,101
State Sales Tax
$1,940,419
$2,015,956
$2,088,711
$2,062,260
$2,037,845
Federal Revenue
$1,520,217
$2,256,112
$1,298,026
$999,752
$985,686
$10,154,596
$10,154,343
$11,053,956
$10,324,145
$10,664,640
$143,967
$238,670
$221,921
$562,992
$186,531
$24,020,806
$23,852,245
$23,690,308
$23,042,763
$23,268,803
Local Appropriation
(including debt)
Miscellaneous
Total
Comparison of Revenue Sources
25,000,000
20,000,000
2015
2016
$
15,000,000
10,000,000
5,000,000
2015
2016
2015
2016
Local
State
Other
FY2015 Projection
%
FY2016 Budget
%
Difference
%
Local
19,892,939 86.5%
20,440,276 87.1%
547,338
2.8%
State
2,971,012 12.9%
3,019,005 12.9%
47,993
1.6%
Other
142,625 0.6%
165 0.0%
(128,321) -90.0%
23,006,576
23,459,446
467,010
2.0%
General Fund Expenditures by Function
PUBLIC WORKS, $1,772,447 ,
8%
DEBT SERVICE/CAPTIAL
PROJECTS, $1,043,786 , 4%
PUBLIC SAFETY, $4,903,971
21%
HEALTH & WELFARE,
$905,999 , 4%
FINANCIAL SERVICES,
$879,775 , 4%
NON-DEPARTMENTAL,
$803,242 , 3%
PARKS, RECREATION &
CULTURAL, $730,382 , 3%
ADMINISTRATION, $633,957 ,
3%
COURT SERVICES, $574,278 ,
2%
COMMUNITY DEVELOPMENT,
$548,969 , 2%
TRANSFER TO SCHOOLS
$10,662,640 , 46%
FY 2015 to FY 2016 Cost Increases – No Recourse
Prisoner Housing Costs
$286,000
Debt Service
$196,000
Comprehensive Services Act
$113,000
Transfers to Utility Debt
$125,000
Social Services – Local Share
$34,000
Health Insurance Premiums
$66,000
Total
$820,000
Break Out of Rate Increase
Districts 2 - 5
Town of
West Point
General Government Equalization
.05
.05
Special School Tax District Equalization
.07
_
General Government Additional Rate
Proposed
.04
.04
.16
.09
.82
.38
Total
FY 2015 Real Estate Rate
(.44 School Division)
FY 2016 Proposed Real Estate Rate
.98
(.51 School Division)
.47
Impact of Tax Rate Increase on Selected Properties
Remaining Budget Work Sessions
(adopted by the Board of Supervisors on January 26, 2015)
Monday, April 6, 2015
7:00 p.m.
Regular Board Work Session Detailed Review of
County Administrator’s
Recommendations (Q&A)
Monday, April 13, 2015
7:00 p.m.
Public Hearing – Budget and Tax
Levies
Friday, April 17, 2015 and
Monday, April 20, 2015
(time TBD)
Budget Work Sessions as needed
Monday, April 27, 2015
7:00 p.m.
Regular Board Meeting – Adopt
Budget and Tax Rates