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Okaloosa County BOCC — April 9, 2013 (meeting #1123) — reading text
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Packet Pg. 69
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Tax Collector Excess Fees
$1,500,000 $1,375,859
$1,198,662 $1,199,870
$1,200,000
$826,036
$900,000 $729,487
$470,781 $580,354
$445,275
$600,000 $410,814
$400,653
$402,640
$300,000
$53,196
$0
FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
Clerk Excess Fee
$1,500,000 $1,354,260
$1,139,280
$1,103,885
$1,200,000 $1,107,084
$900,000
$582,191 $624,126
$477,970 $517,337
$600,000
$301,091
$299,451 $318,727
$300,000
$69,397
$0
FY 2001 FY 2002 FY 2003 FY 2004 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012
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2.a
Revenue Options & Recommendations
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
◦ Ad valorem/Millage increase
Recommend an increase to the county wide assessment
1 to 5 cent fuel tax increase (county portion $547,025 -
$2,735,125 annually)
(Recommend the Board continue to consider additional
revenue sources available to them, to include the Second
Local Option Fuel Tax which is not currently levied.)
◦ Stormwater Utility Assessment
(Recommend consideration)
Packet Pg. 71
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
General Fund Balance as a % of Expenditures
24.1
25.0
22.6
20.7
20.6
20.0
16.9
14.7
15.0
Percentage
10.9
9.1
10.0
8.4
8.2
2011 Fund Balance
5.0 percentage, lowest
percentage since
“hurricane years”
of 2004
0.0
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Fiscal Year
Packet Pg. 72
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Employees salaries, benefits &
recommendations
◦ Several years of no salary adjustments have
resulted in employees having 10% less, due to
inflation
◦ Consider 3% salary increase or other
compensation enhancements.
◦ Health insurance cost anticipated to have a 10%
decrease.
Packet Pg. 73
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Staffing & Recommendations
◦ Minimal staff considerations following six years of
reductions
◦ Without enhanced revenues, General Fund
operations may require further reduction.
Packet Pg. 74
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Operating Expenses & Recommendations
◦ Consider elimination or further reduction to social &
community service funding, & museums
◦ After 7 years of limited vehicle replacement and
overall shrinkage of fleet, recommend vehicle &
equipment replacement schedule begin.
Packet Pg. 75
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Reserves & Recommendations
◦ Target a General Fund Reserve of 8% or
approximately 30 days of “operating cash.”
(excluding Constitutional Officers)
◦ General Fund Reserve approximate target:
$3,015,000
Packet Pg. 76
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Public Works (Parks, Transportation & Stormwater)
Water & Sewer
Airports (VPS & Bob Sikes)
Tourist Development
Court Facilities, Public Safety & Old FWB
Hospital
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Ad Valorem Taxes(current millage) $390,000
Communications Service Tax ($300,000)
State Revenue Sharing Proceeds $175,000
Local Government Half-Cent Sales Tax $ 25,000
Constitutional Fuel Tax $ 55,000
County Fuel Tax $ 25,000
Local Option Fuel Taxes $100,000
Total Projected $470,000
“Untapped” Revenue:
Local Option Sales Tax $21,160,000
2nd LOGT(60% of maximum 5 Cents) $ 2,735,125
Franchise Fees, Impact Fees or Stormwater Assessments-various revenue
amounts
Packet Pg. 78
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2.a
Fiscal Challenges
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Some anticipated General Fund impacts
Sheriff Expanded SRO Program $1,742,561
Vehicles & Equipment $1,253,500
Salary Market Adjustments (3%) $1,458,623
Health Insurance (10%) ($ 308,473)
Capital Outlay $ 675,000
Florida Retirement System (FRS) Unknown
Total $4,821,211
Packet Pg. 79
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Estimate of General Fund Revenue/Expense Deficit
$ 4,821,211 (estimated GF increased expenses*)
$ 470,000 (estimated GF revenue increases)
$ 4,351,211
o Recommended target reductions/revenue enhancements of
3.3% or $4,351,211 of Anticipated General Government
Services.
o
o Based upon projected Assessed Valuation that would equate to
.335 millage increase
* Include a 3% employee salary adjustment
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2.a
Attachment: PowerPoint Presentation (1580 : PowerPoint Presentation For Budget
Review Big Picture
Considering