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April 3, 2017 (Work Session) Page 3082
<br /> Allowance (COLA) ; FY18 health insurance costs; Debt and debt service; school
<br /> expenditures; land banking; Health Alliance; incentive payments; charter
<br /> schools; tax rate; and capital requests.
<br /> Five Year Financial Plan Retreat
<br /> GENERAL FUND
<br /> Budgeted Revenues for: 2018 2019 2020 2021 2022
<br /> Amended Budget less one time revenues from the
<br /> previous fiscal year 5 233,911,326 $ 243,148,227 S 248,230,226 S 253,444.344 S 269,434,405
<br /> Ad valorem
<br /> Growth for revaluation - - - 10,640,127 -
<br /> Growth in tax revenues (43%FY18,2.4%FY19-FY21,1.1%FY22) 5,677,554 3,338,117 3,420,121 3,504,151 1,701,633
<br /> Growth in tax DMV revenues(7%FY18,4%FY19-FY22) 858,548 528,220 549,349 571.323 594,176
<br /> Otter Taxes
<br /> Growth in Sales taxes(3.7%FY 18,2%FY19-FY'2) 1,625,668 921,236 939,660 958,454 977,623
<br /> Permits&Fees
<br /> Ambulance Fees(2%FY18,1%FY 19-FY22) 189,788 53,936 54,414 54,897 55,384
<br /> Budding Inspection Fees(0%FY18,3%FY19-FY22) 395,121 96,904 99,811 102,805 105,689
<br /> Register of Deeds(5%FY18,5%FY19-FY22) 490? - 143,586 150,763 158,304 166,219
<br /> Total Recurring Revenues 243,148,2_17 248,230,226 253,444,344 269,434,405 273,035,329
<br /> One Time Revenue Sources
<br /> Lottery Proceeds 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
<br /> Total One-time Revenues 2,000,000 2,000,000 2,000,000 2,000,000 2,DOO,D00
<br /> Total Revenues 245,148.227 250,230,226 255,444,344 271,434,405 275,035,329
<br /> Budgeted Expenditures far:
<br /> Amended Budget less one time expenditures from the
<br /> previous fiscal year S 232,373,758 $ 243,975,202 S 246,347,145 $ 246,221,727 S 246,514,665
<br /> County Services
<br /> New Position Request - - - - -
<br /> Merit increase-1.52%average 872,946 899,508 926,878 955,081 984,143
<br /> Cost of Living Adjustment-(2%FY18,1.5%FY19-FY 222) 1,126,091 874,554 901,165 928,586 956,841
<br /> Health Insurance increases 423,462 500,000 500,000 500,000 500,000
<br /> Debt
<br /> Retirement of Debt Service (1,465,837) (1,919,884) (2,808,569) (1,573,946) (3,118,019)
<br /> Parking Deck Downtown 870,492 177,858 (21,800) (21,800) (27,250)
<br /> New High School 4,332,566 858,934 (112,600) (102,400) (134,500)
<br /> Performance Learning Center(5 year)(10 Year$485,302) 878,527 35,973 (31,000) (31,000) (38,750)
<br /> Schools
<br /> Additional Current Expense Funding 3,881,069 -
<br /> Other
<br /> Land Banking Funding 1,000,000 - -
<br /> IncreasesiDecreases in Incentive Payments (317,872) 945,000 520,508 (361,683) (929,825)
<br /> Total Recurring Expenditures '43,975,202 246,347,145 246,221,727 246,514,565 244,707,205
<br /> Total Expenditures S 243.975,202 $ 246,347,145 S 246,221,727 $ 246,514,565 $ 244,707,205
<br /> Revenues over(under)Expenditures S 1,173,025 $ 3,883,081 S 9,222,617 S 24.919,840 S 30,328.124
<br /> Estimated Unassigned Fund Balance(changes) S 50.718,395 S 64,601,476 S 63,824,093 S 88,743.933 $ 119,072,057
<br /> Property Tax Rate 50.701100 SO.701100 SO.70/100 $0.701 100 $0.70!100
<br /> Total Debt Service Payment; S 50,850,919 S 49,833,700 S 46,859,729 $ 45,300,685 S 42,011,929
<br /> as a%of Current Budget 20.84% 20.23% 19-03% 18.38% 17.17%
<br /> Five Year Financial Plan - Proposed
<br /> GFdTBRAL FULID
<br /> Budgeted Revenues for: 2018 2019 2020 2021 2022
<br /> Amended Budget less one time revenues from the
<br /> previous fiscal year $ 231,911,326 $ 244,464,708 $ 249,597,416 $ 254,863,302 $ 270,935,764
<br /> Ad valorem
<br /> Growth for revaluation (81:) - - - 10,669,683 -
<br /> Growth in tax revenues (4.e{ FY18, 2.44 FY19-FY21,1 6,295,080 3,352,183 3,434,512 3,518,873 1,711,446
<br /> Growth in tax DMV revenues (74 FY18, 44 FY19-FY22) 858,548 526,220 549,349 571,323 594,176
<br /> Other Taxes
<br /> Growth in Sales taxes (7.84 FY18, 24 FY19-FY22) 3,457,835 957,879 977,037 996,577 1,016,509
<br /> Permits & Fees
<br /> Ambulance Fees (2# E718, It FY19-FY22) 231,079 53,936 54,414 54,897 55,384
<br /> Building Inspection Fees (0% FYle, 3% FY19-FY22) 395,121 96,904 99,811 102,805 105,689
<br /> Register of Deeds (5% FY18, 53 FY19-FY22) 439,750 143,586 150,763 158,304 166,219
<br /> Other
<br /> Increase in Interest on Investments 220,000 - - - -
<br /> Increase in Statewide Misdemeanor Confinement Progra 174,000 - - - -
<br /> Increase in Medicaid Hold Harmless 875,000 - - -
<br /> Increase (Decrease) in other Revenues (393,031) - - -
<br /> Total Recurring Revenues 244,464,708 249,597,416 254,863,302 270,935,764 274,585,389
<br /> One Time Revenue Sources
<br /> Lottery Proceeds 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
<br /> Total One-time Revenues 2,000,000 2,000,000 2,000,000 2,000,000 2,000,000
<br /> Total Revenues 246,464,708 251,597,416 256,863,302 272,935,764 276,585,389
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