FY14 Initial Budget Discussion with Board of Supervisors
Agenda review for FY13, county levy rate comparisons, revenue trends, general fund balance for FY14 preparation, direction, and budget calendar. Details on urban and rural areas tax levy rates for the largest metropolitan Iowa counties, as well as county property tax amounts per capita. Scott County's rankings and comparisons among other Iowa counties are provided based on 2010 census data.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
You are allowed to download the files provided on this website for personal or commercial use, subject to the condition that they are used lawfully. All files are the property of their respective owners.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author.
E N D
Presentation Transcript
FY14 Initial Budget Discussion with Board of Supervisors October 23, 2012
Agenda Review FY13 1. County Levy Rate Comparisons 2. Revenue Trends 3. General Fund Balance FY14 Preparation FY14 Direction FY14 Budget Calendar
FY13 URBAN AREAS TAX LEVY RATE FOR THE EIGHT LARGEST METROPOLITAN IOWA COUNTIES COUNTY (population size ranking in brackets) POTTAWATTAMIE (8th) $7.52 $7.45 WOODBURY (6th) $6.81 POLK (1st) $6.75 JOHNSON (5th) $6.43 DUBUQUE (7th) $6.30 *** SCOTT (3rd) *** $6.24 BLACKHAWK (4th) $6.11 LINN (2nd) URBAN AREAS LEVY RATE While ranking 3rd in size Scott County ranks THIRD LOWEST among the eight largest metropolitan Iowa Counties in the urban areas tax levy rate amount for Fiscal Year FY12
FY13 RURAL AREAS TAX LEVY RATE FOR THE EIGHT LARGEST METROPOLITAN IOWA COUNTIES COUNTY (population size ranking in brackets) $11.36 POLK (1st) POTTAWATTAMIE (8th) $10.68 $10.00 DUBUQUE (7th) $9.85 WOODBURY (6th) $9.84 JOHNSON (5th) $9.83 LINN (2nd) $9.44 *** SCOTT (3rd) *** $9.39 BLACKHAWK (4th) RURAL AREAS LEVY RATE While ranking 3rd in size Scott County ranks the 2ndLOWEST among the eight largest metropolitan Iowa Counties in the rural areas tax levy rate amount for Fiscal Year FY13
FY13 COUNTY PROPERTY TAX AMOUNT PER CAPITA FOR THE EIGHT LARGEST METROPOLITAN IOWA COUNTIES COUNTY (population size ranking in brackets) POTTAWATTAMIE (8th) $363 $335 JOHNSON (4th) $302 POLK (1st) $295 DUBUQUE (7th) $288 *** SCOTT (3rd) *** $274 LINN (2nd) $253 WOODBURY (6th) $242 BLACKHAWK (5th) COUNTY PROPERTY TAX AMOUNT PER CAPITA While ranking 3rd in size Scott County ranks fourth LOWEST among the eight largest metropolitan Iowa Counties in the County property tax per capita amount for Fiscal Year FY12. These figures are based on 2010 census data.
FY13 COUNTY PROPERTY TAX AMOUNT PER CAPITA WHERE SCOTT COUNTY RANKS AMONG ALL 99 COUNTIES COUNTY (per capita ranking in brackets) $790 POCAHONTAS (1st) $652 ADAMS (2nd) $650 PALO ALTO (3rd) $645 AUDUBON(4th) $627 CALHOUN (5th) $402 STATEWIDE AVERAGE $288 SCOTT (86th) $285 DAVIS (87th) $284 DECATUR (88th) $282 LEE (89th) $280 JACKSON (90th) $277 PAGE (91st) $275 APPANOOSE (92nd) $274 LINN (93th) $268 WAPELLO (94th) $267 WARREN (95th) $253 WOODBURY (96th) $243 STORY (97th) $242 BLACK HAWK (98th) $239 SIOUX (99th) COUNTY PROPERTY TAX AMOUNT PER CAPITA Scott County has the 14th LOWEST county property tax amount per capita of all ninety-nine Iowa counties for Fiscal Year FY13.
INTEREST INCOME TEN YEAR COMPARISON and FY13 BUDGET AMOUNT $2,000,000 $1,800,000 $1,885,460 $1,600,000 $1,400,000 $1,319,286 $1,368,847 $1,200,000 $1,000,000 $800,000 $709,515 $600,000 $400,000 $676,135 $322,673 $200,000 $160,348 $496,870 $140,000 $198,421 $144,518 $140,000 $0 This graph shows the wild ride of interest rates' impact on investment earnings by the County during the last ten years. Currently rates are at almost zero. FY06 - 4.213% FY08 - 3.781% FY07 - 5.059% FY09 - 1.6900 % FY10 - .3811% FY11 - .4707% Current - .1500% FY 12 - .3576%
RECORDER INCOME TEN YEAR COMPARISON and FY13 BUDGET AMOUNT $2,000,000 $1,800,000 $1,600,000 $1,923,503 $1,400,000 $1,401,262 $1,200,000 $1,285,500 $1,487,184 $1,648,442 $1,280,961 $1,246,900 $1,000,000 $1,236,569 $1,394,097 $1,131,048 $800,000 $1,154,872 $1,173,210 $600,000 $400,000 $200,000 $0 This graph shows the impact of interest rate changes on real estate filings income by the Recorder's Office during the last ten years.
RIVERBOAT GAMING INCOME TEN YEAR COMPARISON and FY13 BUDGET AMOUNT $1,000,000 $900,000 $800,000 $887,690 $700,000 $919,864 $600,000 $815,524 $904,896 $805,667 $575,000 $500,000 $575,000 $789,210 $400,000 $748,920 $596,840 $676,255 $300,000 $584,582 $200,000 $100,000 $0 Gaming revenue has been declining since FY05. For FY11 - FY15, we will lose an additional $53,180 per year due to a RIIF assessment from 2005 and 2006. Riverboat Gaming income is used to support capital projects.
SALES TAX TEN YEAR COMPARISON and FY13 BUDGET AMOUNT $4,500,000 $4,000,000 $4,052,754 $3,500,000 $4,052,754 $3,860,101 $3,960,430 $3,863,574 $3,691,392 $3,000,000 $3,727,522 $3,418,462 $3,637,825 $2,500,000 $3,403,432 $3,382,319 $3,289,382 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Sales Tax is used for property tax relief. This revenue source is different from others, as most recent estimates project a slight decrease from FY 12.
GENERAL FUND UNASSIGNED ENDING FUND BALANCE TEN YEAR COMPARISON $10,000,000 $9,477,800 $9,000,000 $9,247,282 $9,477,800 $8,000,000 $7,000,000 $7,612,122 $6,000,000 $5,857,816 $5,000,000 $6,372,309 $5,590,875 $5,479,818 $4,000,000 $5,488,379 $5,306,330 $3,000,000 $4,637,761 $2,000,000 $1,000,000 $0 We project that we will end FY12 with 17.77% fund balance. The Board's Financial Management Policy requires a 15% minimum General Fund balance.
FY14 Budget Preparation Personnel IPERS Increase, COLA, Health Costs 4%, (maintain Health/Dental Insurance Fund Balance), Two unions are currently in negotiations Non-Personnel Budget 0% growth from FY12 (FY12 Operating Budget 94.5% expended + 1.7% inflation) Adjust non-general fund budgets to expected revenues (i.e. Secondary Roads, MHDD)
FY14 Budget Preparation Authorized Agencies - Require FY14 Budgets at 0% growth Capital Budget - Continue property tax transfer at $1,225,000 Continue ERP funding Review Fleet Study recommendation Review Space Study results PSA lease in Debt Service levy
SCOTT COUNTY FY14 BUDGET PREPARATION CALENDAR OF EVENTS October 23 October 26, 2012/ 1:00 p.m. November 21, 2012 NO BUDGET CHANGES WILL BE ACCEPTED AFTER NOVEMBER 21! November 27, 2012 January 21, 2013 January 29, 2013 January 31 March 1 January 30, 2013 January 30, 2013 January 31, 2013 February 14, 2013 March 5, 2013 March 15, 2013 Work Session with Board of Supervisors and County Administrator / Budget Manager on FY 14 Budget FY14 Budget Orientation Session for County Departments and Authorized Agencies FY14 Budget Submissions Due FY13 Budget Amendment Submissions Due FY14 County Departments BFO Submissions Due Capital Improvement Forms Due Draft Audit Presentation to the Board File Budget Estimate (based on budget requests) with County Auditor Presentation of County Administrator's Recommendation on FY14 Budget Publication of FY14 Budget Estimate and FY13 Budget Amendment Board of Supervisors Budget Review Publish the FY14 Budget Estimate and FY13 Budget Amendment in the North Scott Press (send info to paper on Monday, January 21) Publish the FY14 Budget Estimate and FY13 Budget Amendment in the Quad City Times and Bettendorf News (send info to papers on Monday, January 21) Set Public Hearing for FY14 Budget Estimate and FY13 Budget Amendment Public Hearing on Budget Estimate 5:30 p.m. Adoption of FY13 Budget Plan 8:00 a.m. File Budget Forms with State Office of Management
