Budget Status Update(58% of year completed)

May 7, 2012

7-Month Spending Pattern(58%)

All Departments

Revenues 58%Expenses 52%

General Fund only

Revenues 63% (departmental only)Expenses 56%

• Revenues – no large variations at this time

FY 12-13 Budget Process

We are in the middle of it:

– CIP Budget to LPA on May 31 (there are issues emerging)• CIP tax rate was deleted in 2008• No dedicated funding source for Natural Resources TMDL

projects and LeeTran projects

– Major Maintenance Budget• General Fund directly impacted for a portion• Future courthouse improvements including Public Defender and

Jury Room

– Operating Budgets• Deadline is this Wednesday – some service level pressures

emerging

FY 12-13 Budget Process

Upcoming Dates:– June 1

• Preliminary Tax Base Assessment• Sheriff’s Budget due

– June 25• Preliminary Budget Workshop

– July 1• Final Tax Base Assessment

– July 31• Set TRIM Millage

– August 21 and 28• Open dates for 2nd and/or 3rd budget workshops

– September 5• 1st Public Hearing

– September 19• 2nd Public Hearing

Continued on next page

Continued from previous page

General Fund Expenditures

Constitutionals $199 million 57%

County Depts. $110 million 31%

Joint Costs $ 42 million 12%

TOTAL $351 million 100%

Continued on next page

Continued from previous page

General Fund Undesignated ReservesHistory & Projections

Sep. 30

2005 $ 70.0 million2006 $ 57.4 million2007 $ 123.9 million2008 $163.8 million2009 $173.9 million2010 $191.1 million2011 $158.3 million2012 $127.7 million 34%2013 $ 95.3 million 28%2014 $ 61.0 million 18%2015 $ 29.3 million 9%

Positives/Negatives

• Sales Tax Revenues improving• Potential for bottoming out of tax base• Increase in mandates– Medicaid– Juvenile Detention

General Fund Reserves

• Reasons to spend down further– Not at 10%-to-15% level for 3-1/2 more years– Reserves are maintaining service levels– Economy improving

• Options– Eliminate shortfall – what timeframe?

• August 29, 2011 Workshop with Constitutionals– Continue to spend reserves to maintain service levels– Consider millage neutral options of Finance & Taxation

Committee (IN FUTURE YEARS)