Okaloosa County BOCC — April 9, 2013 (meeting #1123) — reading text

Agenda Okaloosa County Board of Commissioners Tuesday, April 9, 2013– 6:00 PM Water & Sewer Administration Building I. Budget Policy Overview for Fiscal Year 2014 Budget Policy Document II. Key Policy Issues for Fiscal Year 2014 A. Overview of County Organizational Chart and fiscal approval responsibilities B. Economic information C. Revenues and policies i. Ad valorem tax and millage rate ii. Other revenue projections and options D. Expenditures and policies i. Personal services ii. Staffing iii. Operating expenses iv. Reserves Revised: 4/4/2013 3:11 PM Page 1 of 2 Workshop Agenda April 9, 2013 E. Capital projects F. Fiscal Challenges Balancing the FY 2014 Budget G. Budget schedule and future public workshops PowerPoint Presentation III. Public comments IV. Board Policy Direction Request Board consider options and provide further direction on Okaloosa County Budget Forecast for Fiscal Year 2013-2014 Okaloosa County adheres to the Americans with Disabilities Act and will make reasonable accommodations for access to this meeting upon request. Please call the County Administrator’s Office at (850) 651-7515 to make a request. For Hearing Impaired, Dial 1-800-955-8771 (TDD), and 1-800-955-8770 (Voice). Requests must be received at least 48 hours in advance of the meeting in order for Okaloosa County to provide the requested service. Okaloosa County Board of Commissioners Page 2 Printed 4/4/2013  BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST DATE: April 9, 2013 TO: Honorable Chairman and Members of the Board FROM: Rick Owen SUBJECT: Budget Policy Document DEPARTMENT: County Administrator BCC DISTRICT: All Staff requests the Board review and discuss attached documents for Okaloosa County Budget Planning for Fiscal Year 2013-2014. RECOMMENDED BY: APPROVED BY: James D. Curry, County Administrator Packet Pg. 3  1.a Packet Pg. 4 Attachment: Policy Memo - Apr 13 (1578 : Budget Policy Document)  1.a Packet Pg. 5 Attachment: Policy Memo - Apr 13 (1578 : Budget Policy Document) April 2013 Budget Policy Document 1.b Packet Pg. 6 Attachment: Budget Policy Document FY14 (1578 : Budget Policy Document)  1.b CONTENTS Attachment: Budget Policy Document FY14 (1578 : Budget Policy Document) Economic Information 1 Local Government Revenue and Policies 4 Local Government Expenditure and Policies 18 Capital Project Budgeting Policies 25 Budget Workshops 36 Millage Process Schedule 37 Summer Schedule 38 Performance Based Budget-Q&A 39 Furlough White Paper 41 Packet Pg. 7  1.b Board of County Commissioners Okaloosa County, Florida Fiscal Year 2014 Budget Policy Workshop Economic Information Population. As government exists for the benefit of the people, it is important to 200,000 Okaloosa Population Attachment: Budget Policy Document FY14 (1578 : Budget Policy Document) monitor population trends within the 180,000 county. A sudden increase in the growth 160,000 rate would exert pressure on the Board of 140,000 County Commissioners to add new services or infrastructure. The total 120,000 population changes reflected by both the 100,000 census data, including the most recent, 80,000 and the Bureau of Economic and Business 60,000 Research (BEBR) is portrayed in the 40,000 graph to the right, along with the table on page 3. After multiple years of increases 20,000 and, most recently, decreases or basically 0 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 maintaining the same level of population, the 2012 BEBR has now begun to Census Data BEBR Estimates increase again. The 2012 BEBR increased over 2011 by 3.1%. Unemployment Rates Unemployment. An increasing 14.0 unemployment rate can indicate an economic slowdown, which can affect government 12.0 11.3 revenue sources, such as sales tax and user 10.5 10.0 9.6 9.1 fees. Additionally, the increase in the 8.7 number of unemployed can increase the 7.9 8.1 Percentage 8.0 7.4 demands for certain governmental services, 6.1 such as health care. The previous three 6.0 Annual County, State and National 4.0 unemployment rates are depicted in the graph to the left. Okaloosa County’s 2012 annual 2.0 rate of 6.1% is a decline from 2011 of 7.4% 0.0 and a further decline from 2010 rate of 7.9%. 2010 2011 2012 Okaloosa County’s rate still remains, as in previous years, well below the 2012 State and County State National National rates of 8.7% and 8.1%, respectively. Page 1 Packet Pg. 8  1.b Inflation. The Consumer Price Index (CPI) tracks Economic Indices the overall change in prices in the economy by % Increase in Consumer & Employment Index measuring price changes