Budget Overview and Financial Planning Presentation FY 19-20
Explore the FY 19-20 budget overview presented by Christine Moody, the Budget & Financial Planning Manager, including details on proposed budgets, total FTE, revenue, resources, and budget terms. Learn about budget basics, department expenditures, and the importance of a balanced budget as required by Budget Law.
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Presentation Transcript
FY 19-20 BUDGET OVERVIEW Christine Moody, Budget & Financial Planning Manager FY 19-20 Proposed Budget Presentation
FY 19-20 FTE Total Proposed FTE: 1664.59 Overall increase of 10.51 FTE 581.14 512.05 256.60 243.00 38.50 33.30 Culture & Recreation Community Development General Government Public Roads & Infrastructure Public Safety Services Public Health/Human Services Additional Information in Proposed Document: Total FTE: Page 372 Additions in FY 19-20: Page 66 Classification Salary Ranges: Pages 394-401
Budget Basics Revenue v. Resources Revenue: Property tax and non-property tax. Money received from funding source (state, federal, grants, taxes) or services provided (fees, licenses, fines, etc.). Resources: Includes Revenue PLUS any money carried forward (reserve) and transfers. Requirements v. Expenditures Expenditure: on-going costs required for operations including Personnel, Materials & Services, Capital Outlay, & Debt Service Requirements: Includes Expenditures PLUS transfers, contingency/reserves, and unappropriated ending fund balance (UEFB).
Budget Terms Appropriation: Authorization for spending a specific amount of money for a specific purpose during a fiscal year. Personnel Services: Expense for compensation of employees including salary, payroll taxes, retirement contributions and other benefits. Materials & Services: Expense for operating costs and supplies, contracted and/or professional services, utilities, rent, training, repair parts, fuel, etc. Debt Service: Expense for payment of principal and interest on debt. Transfers: Amount moved from one fund to finance activities in another fund. Shown as a requirement in original fund and a resource in the receiving fund. Contingency: Amount appropriated in anticipation of expenditures that may become necessary which cannot be foreseen or planned in the fiscal year. Reserve: Amount budgeted, but not appropriated, that is not anticipated to be spent in the fiscal year.
Budget Basics Department Expenditures = Personnel, Material & Services and Capital
Budget Basics Balanced budget as required by Budget Law: Resources = Requirements Structurally Balanced Budget: Ongoing Revenue = Ongoing Expenditures
FY 19-20 Budget Details 19-20 Revenue - $425,231,850
FY 19-20 Other Resources FY 18-19 $268,185,829 $257,440,756 $25,911,660 $8,764,602 $358,461 FY 19-20 Fund Balance Transfers between Funds IntraFund Transfers InterFund Loan Receipt/Pymt $18,507,861 $7,855,226 $1,001,461 Additional Information in Proposed Document: Fund Balance: Page 88 Fund Transfers: Page 92 Interfund Loans: Page 91
FY 19-20 Budget Details 19-20 Expenditures - $454,533,409
FY 19-20 Other Requirements FY 18-19 $25,911,660 $8,764,602 $39,884,211 $195,718,277 $190,978,445 $358,461 FY 19-20 $18,507,861 $7,855,226 $39,160,752 Interfund Transfers Intrafund Transfers Contingencies Reserves Interfund Loan Pymt $1,001,461 Additional Information in Proposed Document: Fund Transfers: Page 92 Contingency: Page 89 Interfund Loans: Page 91 Reserves: Page 93
FY 19-20 Reserves Why have them? RESERVES BY FUND FY 18-19 Cur Budget $24,743,350 87,574 380,293 29,113,908 695,781 237,863 3,751,860 7,625,779 37,676 FY 19-20 Proposed $23,964,247 579,645 422,814 26,994,992 763,767 172,389 3,057,802 7,876,767 38,038 1,327,437 2,779,890 8,054,636 20,115,477 104,631 3,808,499 505,311 2,031,018 26,425,200 595,384 4,238,832 6,753,646 7,806,524 4,301,435 26,305,706 157,360 1,466,840 10,330,158 $ Chng from Curr (779,103) $ 492,071 42,521 (2,118,916) ORS 366.739&366.570; OR Constitution Art IX, Sec 3a 67,986 (65,474) (694,058) 250,988 6 subfunds w/various federal, state & grant revenue 362 Lane Manual Chapter 4 Reserve Policy (10,940) (660,587) 1,314,791 2,853,627 1,917 (857,578) Reserved for future Debt Service Payments (422,782) (508,055) 5,811,630 5,609 78,164 379,557 Self-insured reserves; ORS 294.343. (9,850,329) Lane Code 2.600; self-funded health reserve 427,111 Debt Service reserves for PERS Bond (709,573) ORS 294.343; Future equipment replacement (5,754) 142,254 ORS 294.343; five year technology replace cycle 74,729 Lane Code 2.500(1)(2); legacy employee benefit Restrictions on Use Name 124: General 216: Parks & Open Spaces 222: Law Library 225: Road 240: Public Land Corners Preserve 244: County Clerk Records 250: Title III Projects Fund 260: Special Revenue 283: Animal Services 285: Intergov. Human Svcs 1,338,377 286: Health and Human Services 3,440,477 287: Trillium Behavioral Health 290: Local Option Tax Levy 323: Lane Events Center Debt 333: Special Obligation Bond 435: Capital Improvement 521: Lane Events Center 530: Solid Waste Disposal 20,613,570 539: Corrections Commissary 589,775 570: Land Management 4,160,668 612: Self Insurance 614: Employee Benefit 17,656,853 615: Pension Bond Fund 619: Motor & Equipment Pool 27,015,279 627: Intergovernmental Services 653: Technology Replacement 714: Retiree Benefit Trust - Cash Flow Lane Manual Chapter 4 Reserve Policy Transient Room Tax; Car Rental Tax ORS 357.203; State Court fees - Requirement ORS 203.148 ORS 205.365 Secure Rural Schools Federal Law - Bond rating Federal, State & Local Grants Federal, State & Local Grants Federal, State & Local Grants Restricted by Voters Transient Room Tax 6,739,845 17,261,850 102,714 4,666,077 928,093 2,539,073 - Future equipment Lane Manual 4.010(3)(e) Transient Room Tax OAR Division 94.0140-94.0145 Self-supporting service Title III and committed fees - Service & Rev Stabilizer - Economy - Revenue fluctuations - Asset protection 6,374,089 3,874,324 163,114 1,324,586 10,255,429 ORS 294.343 TOTAL RESERVES 195,718,277 $ 190,978,445 $ (4,739,832) $
Highlighted Budget Changes Addition of 1.5 FTE in Emergency Management Identified funding for continuing Dawn to Dawn shelter $65,000 to replace aging Search & Rescue boat $100,000 for Elections computer server replacement Addition of 2.0 FTE and $468,000 in Parks $1 million for Behavioral Health Crisis Center 4th year in a row for low to no increase per employee in health insurance expense Addition of 2.0 FTE in Human Resources and 1.0 in County Administration 1.0 FTE add in Behavioral Health
General Fund General Operating Fund of the County Services provided include: Public Safety (Sheriff, District Attorney, Youth Services, Justice Courts), assessment & taxation, elections, public health, animal services, property management, finance, facilities, county administration and county counsel. Between 30-35% of County FTE is paid for by the General Fund
General Fund $110,469,438 2.7% increase from FY 18-19 412.35 FTE Increase of 6.0 FTE Additional Information in Proposed Document: General Fund Tab: Page 67 Balancing Options: Page 66
General Fund Discretionary General Fund = Revenue not dedicated for a specific purpose. Lane County accounts for Department Activity revenue separately.
General Fund Additional Information in Proposed Document: Discretionary General Fund: Page 68
General Fund Taxes & Assessments: Property Tax growth 3.75% Federal Revenue: Secure Rural Schools not renewed Fund Balance: One-time funds for Lane County Courthouse
General Fund Personnel Services: Market & cost of living increases; vacancy variance Materials & Services: 2.5% CPI plus one-time initiatives Contingency: Increased vacancy variance Reserves: Meets 20% minimum reserve policy; capital reserve
General Fund Forecast Forecasted to be structurally balanced FY 19-20 & FY 20-21 Structural balance pressure returns - revenue v. wage/other expense growth will determine status FY 21-22 forward Operating Revenue Growth projected ~2.0-2.4% over next 5 years Operating Expense Growth projected ~ 3.3-5.1% over next 5 years
Future Cautions REVENUE Economy & Housing Market = Property Tax Growth, Car Rental Tax, other State Shared revenue where dependent upon income tax.
Future Cautions Wages = recent growth due to market and cost of living increases; projections for continued growth in future years dependent upon number of employees
Future Cautions PERS rate increases = Lane County s PERS costs, excluding PERS Bond, will reach $55.7 million per biennium ($27.8 annually) by 29-31- a 52% increase compared to the 11-13 biennium.
Future Cautions Aging Capital Assets In 2016, Lane County Performance Auditor found: Lane County s capital assets are aging in all categories analyzed, putting the County at risk for significant replacement or repairs costs or service disruptions. Response: Increased focused on capital improvement planning, including creation of Countywide Capital Improvement Plan. FY 2020-2024 plan identifies $69 million in known and funded projects with millions more projects identified and in preplanning stage. Additional Information: Draft 2020-2024 CIP: www.lanecounty.org -> Budget & Finance -> Capital Projects
Foundational Strengths Strategic Plan Strategic Priorities & Key Strategic Initiatives Strong financial policies & bond rating Service stabilization reserve Structurally balance of budget Vacancy Variance budgeting Planning for known expenses for assets & otherwise Community Trust building Public Safety Levy People & Partnerships Diverse, highly skilled workforce with a deeply commitment to delivering services to Lane County residents.
Questions? www.lanecounty.org/budget
