Fiscal Year 2013-14 Budget OverviewFiscal Year 2013-14 Budget Overview

Citizen Academy

September 3, 2013

Citizen Academy

September 3, 2013

• Budget development • Key budget roles• Statutory time frames• TRim process• FY 2013/2014 Budget Overview• County government service costs• State benchmark

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Outline

Budget Development• Full year process – mini budget workshops held

during Council meetings– Annual review of current budget– 5 year forecast– Establishment of TRIM rates– 2 Public Hearings– Department/Division presentations

• October 1st beginning of a new fiscal year• New budget development kickoff in

February/March 3

• Department/Division Directors• Office of Management & Budget (OMB)• County Manager• County Council

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Key Budget Roles

• Develop budget requests• Special revenue fund request must balance

– Current revenues– Identify rate adjustments

• Submit to OMB by established due date

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Key Budget RolesDepartment/Division Directors

• Review budget request for completeness

• Develop spending proposals based on available revenues and Council goals/priorities

• Prepare recommendations for review by Manager

• Compile the recommended budget document

• Assure compliance with County ordinances and state statues

• Compile the adopted budget document

• Implement/update the financial system

• Monitor revenues and expenditures 6

Key Budget Roles Office of Management & Budget

• Implement Council policies/priorities/goals• Provide direction/guidelines to departments• Review/Finalize budget recommendations• Submit recommended budget to Council by

July 15th

• Coordinate mini-budget workshops throughout the year

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Key Budget Roles County Manager

Key Budget RolesCounty Council

• Establish policies, priorities and goals• Provide direction/guidelines to County

Manager• Review County Manger’s recommended

budget• Modify budget as deemed appropriate• Hold public hearings on budget• Adopt tax rates and budgets• Adhere to statutory time frames

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Statutory Time Frames• July 1 – tax base information from Property Appraiser• July 15 – recommended budget submitted to County

Council• July (last Council meeting) – Council adopts trim rates• August 24 – last day to mail trim notices• September (First Thursday) – first public hearing

adopt tentative tax rates/budgets• September (Third Thursday) – final public hearings

adopt final tax rates/budgets

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• Established by Florida Legislature, enacted in 1980 “Truth in millage”

• Must comply to receive state revenues• Public notification – TRIM Notice

– Property Assessment– Newspaper advertisements

• Tax increase – adoption of a tax rate that is higher than the rolled-back tax rate

– Proposed Tax Rates– Date, Time, Place of first public hearing

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Operating Budget

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ALL OTHER PERCENT

Beach Emergency Medical Services Fire Services AirportAirport

Elections Parks, Recreation, Culture Growth Management Debt Service

Sheriff Community Services Mosquito Control Ocean Center

Judicial System Emergency Management Port District Solid Waste

Health Environmental Management Sheriff Transportation

Medical Examiner Facilities Votran

ECHO/Forever Information Technology Water and Sewer

Libraries Administrative Functions

Corrections Revenue

Veterans

All Other Services:

$597,114,471FY 2013-14

Special District Government:General Government:

Special DistrictGovernment 21%

$127.6M

General Government 46%

$274.4 M

All Other Services 33%$195.1M

Other General Government 38%,

$104.9 M

Community Redevelopment Taxes 2%, $5 M

Special Revenue Funds 71%$91M

Transportation 29%,Solid Waste 18% Airport 14%, Debt 12%,Votran 11%,Water & Sewer 11%, Ocean Center 5%

Taxes 29%

$36.6 M

Taxes 60%$164.5 M

General - $142.6 MLibrary - $12.9 MECHO/Forever - $9.1 M

TDT Tax, E911, Street Lighting, Economic Development, Manatee Conservation,Library Endowment, Trust Funds, Impact Fees, Stormwater Utility

Fire, MSD, Mosquito Control, PortAuthority

Since 2007, 572 positions

have been eliminated or unfunded.

Ad Valorem Taxes History

The county’s general fund revenue from property tax has been flat at $133 million over the past three years, down from its highest point of $158M in FY08-09. As a result, the county has lost $9.2 million in buying power from inflation alone (6.9% during the last three years). I refer to this as silent cost cutting.

Majority of all taxing funds are well below the State Standard (growth in Florida per capita income plus growth in new construction)

Majority of all taxing funds are well below the State Standard (growth in Florida per capita income plus growth in new construction)

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Allocation of General Fund Property Taxes

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VOLUSIA COUNTY PROPERTY TAXES & STATE BENCHMARK

(TAXING FUNDS)

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State Standard withGeneral Fund at 6.3189 mills

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$142.0M

State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

$147.2M

Difference of $25.9M

State Standard withLibrary Fund at 0.5520 mills

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State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

Differenc of $5.6M

State Standard withMosquito Control at 0.2080 mills

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State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard withPort District at 0.0929 mills

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State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard withMSD Fund at 2.2399 mills

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State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard withFire Fund at 3.6315 mills

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State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

State Standard Growth Benchmark is the growth in Florida Per Capita Income plus the growth in new construction

Property Values

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Countywide Taxable Value

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2013 values are below 2004 levels, however the growth of the dollar 2004 to ending 2012 (CPI) grew 22.4%

2013 values are below 2004 levels, however the growth of the dollar 2004 to ending 2012 (CPI) grew 22.4%

QUESTIONS/COMMENTS

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