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Okaloosa County BOCC — May 15, 2013 — Fiscal Challenges FY2014 Budget — reading text
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Fiscal Challenges (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 Retire System (FRS) $ 678,000*
(*BCC General Fund only, per Kay Godwin, HR)
Medicaid (FAC est. above 2013-new Legislation) $ 103,000
REVISED TOTAL: $5,602,211
FISCAL CHALLENGES:
$ 5,602,211 (estimated GF increased expenses*)
$ 470,000 (estimated GF revenue increases)
$ 5,132,211
oRecommended target reductions/revenue enhancements of
4.4% or $5,132,211 of Anticipated General Government Services.
oBased upon projected Assessed Valuation that would equate to
.422 millage increase (Would produce $5,132,211added revenue)
* Include a 3% employee salary adjustment and other factors from
previous page.