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Okaloosa County BOCC — 2013 meeting #1123 (date undetermined) — Board Policy Directions for Fiscal Year 2013-2014 — reading text
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BOARD POLICY DIRECTION
BUDGET POLICY OVERVIEW
FY 2013 – 2014
APRIL 9, 2013
Revenues
2
Recommend consideration to increase countywide
millage by .1711 from 3.2899 to 3.6249, an estimated
increase of $4,351,211.
Recommend considering enhancements of other
revenue options.
Expenditures
3
Compensation and Benefits
Recommend 3% market adjustment for employees, and to
decrease the budget per employee cost for health insurance
benefits (10%) from $9,667 to $8,701
Staffing
Provide direction on any staffing considerations as outlined in
the Budget Policy Document.
Operating Expenditure
Recommend continued reductions or elimination of
funding/services as necessary consistent with the priorities
established in the Board’s strategic plan and prioritization
classifications of public safety, essential services and quality of
life.
Expenditures
4
Reserves
Recommend a target reserve of 8% for the General
Fund of approximately $3,015,000.
Capital Projects
Recommend direction on specific capital projects and
consideration to proceed as outlined in the Budget
Policy Document.
Potential Reductions
5
Anticipate necessary reductions to general fund of
3.3% or $4,351,211 (combination of known and
unknown impacts consisting of both revenues and
expenses) using a combination of the reduction
methodologies.
The Budget picture will continue to unfold as more
information becomes available.