FY19 Recommended Budget January 11, 2019 Finance, Audit & - - PowerPoint PPT Presentation

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FY19 Recommended Budget January 11, 2019 Finance, Audit & Budget (FAB) Committee Presentation Presented by: CEO Michael Thurmond DeKalb Office of Management & Budget FY19 Budget Highlights Financial Stability Increased rainy day

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FY19 Recommended Budget

January 11, 2019 Finance, Audit & Budget (FAB) Committee Presentation Presented by: CEO Michael Thurmond DeKalb Office of Management & Budget

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FY19 Budget Highlights

Financial Stability

Increased rainy day fund balance: Projected FY2019 starting

fund balance is $103 million, covering two months of expenditures

Financial rating improved: Two major credit agencies upgraded

the county’s financial outlook to positive

Eliminated structural deficit: Eliminated structural deficit of $24.7

million; all expenditures are funded by FY2019 revenues

Property Tax Relief

First full year of the Equalized Homestead Option Sales Tax (EHOST)

will provide $119 million in residential property tax relief

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FY19 Budget Highlights

Continued Employee Investment

Annualizes the 3 percent COLA adopted in FY2018
Funds full annual cost of the 4 percent public safety raise approved

in October 2018

Proposes 3 percent raise for all other county employees that did not

receive the public safety raise in October 2018

Establishes a $15 minimum wage for all county employees

Manuel J. Maloof Building Renovation

Includes $575,000 for the renovation of the Maloof Building lobby to

resolve design deficiencies, enhance security and improve customer service

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FY19 Budget Highlights

Public Safety Staffing

Funds 60 new firefighter positions to staff SPLOST-funded rapid

response vehicles

Funds additional 104 police positions

Human Services

Partnership with DeKalb Board of Health and other organizations to

design interventions to improve child well-being, with a unifying focus

n violence prevention

Beautification and Blight

Continues funding for initiatives to reduce crime, combat blight and

improve the condition and appearance of the county

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FY18-19 Budget Comparison

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FY18 Budget FY19 Proposed Change ($) Change (%) Tax Funds 621,028,605 644,455,899 23,427,294 3.8% Enterprise Funds 410,236,161 421,431,008 11,194,847 2.7% Internal Services Funds 219,169,057 168,805,694 (50,363,363)

23.0%

Special Revenue Funds 37,833,988 31,276,224 (6,557,764)

17.3%

Revenue Bond Funds 7,101,800 7,534,239 432,439 6.1% Total - Tax Funds Oper 1,295,369,611 1,273,503,064 (21,866,547)

1.7%

FY18 Funded Positions FY19 Prop Funded Positions Change Change (%) Tax Funds 4,608 4,663 55 1.2% Enterprise Funds 1,475 1,523 48 3.3% Internal Services Funds 158 168 10 6.3% Special Revenue Funds 189 190 1 0.5% Revenue Bond Funds

Total - Tax Funds Oper 6,430 6,544 114 1.8%

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FY19 Tax Funds

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Tax Funds - Operating

Starting Fund Balance Revenue Operating Expenses Capital Expenses Total Expenses Ending Fund Balance Gain/(Use) Months General Fund (100) 61,609,941 352,799,119 348,261,605 4,141,238 352,402,843 62,006,217 396,276 2.14 Fire (270) 7,329,474 73,691,031 73,689,594

73,689,594

7,330,911 1,437 1.19 Designated (271) 5,958,923 41,092,393 41,071,999

41,071,999

5,979,317 20,394 1.75 Unincorp (272) 2,801,959 20,343,645 20,343,645

20,343,645

2,801,959

1.65

Police (274) 22,635,067 108,596,984 107,902,990 688,912 108,591,902 22,640,149 5,082 2.52 Total - Tax Funds Oper 100,335,364 596,523,172 591,269,833 4,830,150 596,099,983 100,758,553 423,189 2.04

Tax Funds - Non-Operating

Starting Fund Balance Revenue Operating Expenses Capital Expenses Total Expenses Ending Fund Balance Gain/(Use) Months Hospital (273) 883,126 20,431,255 20,410,477

20,410,477

903,904 20,778 0.53 Countywide Bond (410) 964,038 11,835,201 11,833,817

11,833,817

965,422 1,384 0.98 Unincorp Bond (411) 970,756 15,373,192 15,360,588

15,360,588

983,360 12,604 0.77 Total - Tax Funds Non- Operating 2,817,920 47,639,648 47,604,882

47,604,882

2,852,686 34,766 0.72

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$25 $26 $28 $31 $33 $22 $23 $25 $27 $29 $- $5 $10 $15 $20 $25 $30 $35 2015 - Certified 2016 - Certified 2017 - Certified 2018 - Certified 2019 - Estimate Billions

Countywide Maintenance & Operations (M&O) Tax Digest

Gross Net Linear (Gross) Linear (Net)

Tax Digest Trends

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Tax Digest Trends

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9.6% 6.7% 7.3% 11.1% 5.2% 8.0% 5.8% 7.1% 10.5% 4.5% 8.7% 7.9% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 2015 - Certified 2016 - Certified 2017 - Certified 2018 - Certified 2019 - Estimate

Annual % Change 2015-2019 - Countywide M&O Tax Digest

Gross M&O Net M&O Average Gross Average Net

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Budget vs. Actual Trend

2/12/2019 9 548 523 538 531 557 580 606 606 624 644 523 516 519 507 515 557 561 568 591 400 450 500 550 600 650 700 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Millions

Budget vs. Actual, Tax Funds

Budget Actual

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FY19 Recommended Budget

Pension

Long-term plan to address unfunded pension liability

proactively

Policy discussion at a Committee of the Whole meeting

Unincorporated Bond Debt Service

Debt service on the unincorporated bonds (Fund 411)

increased by $5.1 million or 49.4%

Animal Services

Animal shelter contract renewal with LifeLine Animal Project

resulted in an increase of $1.6 million

The Animal Services budget also includes $111 thousand to

cover increased electricity costs at the new shelter

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SLIDE 11

Budget Timeline

Recommended FY19 Budget released:
Dec. 14, 2018
Committee Budget Discussions:

Now – Feb. 26, 2019

Committee of the Whole Pension:

TBA

First Public Hearing on Budget:
Feb. 12, 2019
Second Public Hearing on Budget:
Feb. 26, 2019
Final Budget Adoption Deadline:

Before March 1, 2019

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