FY 2017 FY 2017 Pr Proposed Bud oposed Budget get 1 Impo - - PowerPoint PPT Presentation
Palm Beac alm Beach Co h County unty FY 2017 FY 2017 Pr Proposed Bud oposed Budget get 1 Impo mportant ant M Meet eeting ing Dat ates es Initial Budget Workshop June 14 6 PM Board Sets Millage Rate July 12 Regular BCC Meeting
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Initial Budget Workshop June 14 6 PM Board Sets Millage Rate July 12 Regular BCC Meeting 1st Public Hearing September 6 6 PM 2nd Public Hearing September 19 6 PM
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Sheriff $594,447,569 (47.9%) %) Other Constitutional Officers $58,043,080 (4.7%) %) Debt Service $68,723,075 (5.5%) %) Capital & Non- Departme mental $102,925,269 (8.3%) %) Reserves $99,500,000 (8.0%) %) BCC Departme ments $318,119,516 (25.6%) %)
FY FY 201 2017 Gene eneral ral Fun Fund d Total
Appropria ropriation tion Bud Budget get $1,2 $1,241,7 41,758,5 58,509 09
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Fir ire e Res escu cue e Tax axes es Ope perat ating ing an and d Cap apit ital al $2 $250 50.2 .2 mil million lion (22 22.5% .5%) Library Operating & Voted Debt Taxes $52.0 million (4.7%) Cou
ntywide ide Vot
ed Debt Taxes $21.9 mil million lion (2.0 2.0%) %) Countywide Operating Taxes $786.7 million (70.8%)
FY FY 2017 2017 Propos
ed Proper
Taxes axes $1.111 $1.111 billion billion
Sheriff & Other Constitutionals Judicial Financially Assisted Agencies BCC Departments Other Agenices Capital Projects Community Redevelopment Agencies
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$20 $30 $49 $33 $62 $53 $102 $41 $23 $38 $51 $60 $69 $41 $100 $32 $0 $20 $40 $60 $80 $100 $120 ISS Facilities Parks Palm Tran Debt Service Engineering Reserves New Capital FY 2005 FY 2017
FY 2005 vs. FY 2017 Ma Major BCC Departme ments and Other Funding Net Operating Budget
(in in millions millions) $3.2 million of R&R costs included in Engineering, and .9 million in Parks, was transferred from the
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10.0% 22.3% 22.1% 20.0% 12.3% 8.4% 3.1% 5.1% 7.5% 13.2% 20.1% 23.1% 9.6% 23.0% 29.7% 33.4% 31.0% 26.3% 23.9% 26.6% 33.3% 41.6% 49.4% 56.0% 17.0% 44.8% 52.9% 44.1% 27.1% 14.3% 12.1% 12.9% 17.3% 25.6% 37.4% 48.1% 5.3% 10.2% 13.8% 18.7% 19.2% 22.9% 25.1% 29.4% 32.4% 35.4% 37.8% 39.8%
0% 10% 20% 30% 40% 50% 60%
FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017
Cumu mulative Percentage Increase in Ad Valorem m Su Support
Ad Valorem Funded County Departments Sheriff & BCC Combined Taxable Value Population & CPI
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Budget Factor Uses Sources Ad Valorem Taxes at Current Millage Rate 56.8 $ Increase in Major Revenues 5.8 Decrease in available one-time funding sources, other revenues, & statutory reserves (4.7) Sheriff (Net of Revenue and Prior Year Carry Forward) 27.9 BCC Departments (1) 8.1 Increase Other Constitutional Officers & Judicial 1.0 Increase in Net Capital Funding Requirements (1) 6.4 Decrease in BBF (Net of Sheriff Carry Forward) 1.5 Increase in Non Departmental Costs (Primarily CRAs) 4.1 Increase in Debt Service 0.1 Increase in Appropriated Reserves 8.7 Total 57.9 $ 57.9 $ Current Shortfall (1) BCC Departments are net of $4.1 million in R&R costs transferred to Capital Project Funds in FY 2017
Major ajor I Impact mpacts on FY
2017 Tax R ax Requir equirement ements
(in millions of dollars) $0.0
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2007 2016 2017 Amount % Countywide - Non-Voted $688,623,243 $729,949,290 $786,739,036 $98,115,793 14.2% Countywide - Voted Debt 31,793,080 22,334,985 21,912,786 (9,880,294) (31.1%) Total Countywide $720,416,323 $752,284,275 $808,651,822 $88,235,499 12.2% Dependent Districts: Palm Beach County Library $53,088,448 $49,005,329 $52,003,632 ($1,084,816) (2.0%) Fire Rescue MSTU 189,205,947 214,773,330 230,756,611 41,550,664
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22.0% (1) Glades Regional Fire MSTU 1,428,525
(100.0%) Jupiter Fire MSTU 13,009,290 17,655,598 19,414,629 6,405,339 49.2% Gross: Total Dependent Districts 256,732,210 281,434,257 302,174,872 $45,442,662 17.7% Total Countywide Funds & Dependent Districts $977,148,533 $1,033,718,532 $1,110,826,694 $133,678,161 13.7% (2)
Notes: (1) Net of cities that have opted into Fire Rescue MSTU since FY 2007, the increase was $27.3 million, or 14.4%. (2) The CPI increased 20.2%, and population 8%, for the period FY 2007 - FY 2017.
2007-2017
Ad Valorem Taxes
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Proposed FY 2016 FY 2017 Amount % Property Values Assessed Value 250,000 $ 251,750 $ 1,750 $ 0.7% Homestead Exemptions (50,000) (50,000)
Taxable Value 200,000 $ 201,750 $ 1,750 $ 0.9% Countywide Millage Rates Operating 4.7815 4.7815
Voted Debt Service 0.1462 0.1330 (0.0132) (9.0%) Total 4.9277 4.9145 (0.0132) (0.3%) Property Taxes Operating 956.30 $ 964.67 $ 8.37 $ Voted Debt Service 29.24 26.83 (2.41) Total 985.54 $ 991.50 $ 5.96 $ 0.6%
Millage Rate Impact on Homestead Property
FY 2016 - FY 2017