fy2018 budget presentation
play

FY2018 BUDGET PRESENTATION Talia Lomax- Odneal Finance Director - PowerPoint PPT Presentation

Aug 23, 2023 •242 likes •670 views

FY2018 BUDGET PRESENTATION Talia Lomax- Odneal Finance Director April 26, 2017 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry Department of Finance FY2017 CURRENT YEAR STATUS Operating within overall

  1. FY2018 BUDGET PRESENTATION Talia Lomax- O’dneal Finance Director April 26, 2017 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry Department of Finance

  2. FY2017 – CURRENT YEAR STATUS • Operating within overall budget allocations • Meeting property and sales taxes revenue estimates • Strong economy • Maintaining bond rating • Maintaining reserves Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 2

  3. FY2018 BUDGET INSTRUCTIONS • No tax increase • No reduction scenario • Long term financial planning • Public Investment Plans • Collaboration and innovation Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 3

  4. MAYOR BARRY’S PRIORITIES • Education • Transportation and Infrastructure • Affordable Housing/Homelessness • Community and Economic Development • Public Safety and Justice Initiatives Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 4

  5. RECOMMENDED BUDGET $2,209,690,100 5.86% increase over FY2017 Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 5

  6. TOTAL BUDGET GROWTH Amounts in billions 2.40 FY17 to FY18 = 5.86% growth 2.21 2.20 2.09 1.97 2.00 1.89 1.81 1.80 1.60 1.40 FY14 FY15 FY16 FY17 FY18 Budget amounts taken from Substitute Budget Ordinances as approved by Metro Council Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 6

  7. WHERE THE MONEY COMES FROM All Other Revenues Fund Balance Grants & 13% Appropriated Contributions 3% 19% Local Option Sales Property Taxes Tax 46% 19% Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 7

  8. TOTAL REVENUE GROWTH $119.1 MILLION • Property Taxes - $49.2 million • Local Option Sales Tax ‐ $25.0 million • Grants and Contributions ‐ $26.6 million • All Other ‐ $18.3 million Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 8

  9. BUDGETED REVENUE GROWTH BY FISCAL YEAR Amounts in millions 150 121.5 119.1 120 75.2 90 55.3 51.9 60 30 0 FY14 FY15 FY16 FY17 FY18 GSD/USD/MNPS General Funds Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 9

  10. PROPERTY TAX TRENDS Amounts in millions 1,100 FY17 to FY18 = 5.07% growth 1,021 1,050 972 1,000 933 939 950 912 900 850 800 FY14 FY15 FY16 FY17 FY18 Budget Budget Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 10

  11. MAJOR CITY/COUNTY FY2017 PROPERTY TAX RATES $10.00 $7.77 $8.00 $6.00 $5.07 $5.05 $4.52 $3.89 $3.51 $4.00 $2.00 $0.00 Nashville* Chattanooga* Knoxville* Memphis* Murfreesboro Lebanon Davidson Hamilton Knox Shelby Rutherford Wilson * Will have reappraisal in 2017 11 Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 11

  12. PRELIMINARY CERTIFIED TAX RATE GSD USD COMBINED (additional rate) Current Tax Rate $3.924 $0.592 $4.516 $3.155 Preliminary Certified Tax Rate $2.753 $0.402 Net Change $(1.171) $(0.190) $(1.361) Lowest combined tax rate in the history of Metro Government (1984 @ $3.17) 12 Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 12

  13. SALES TAX TRENDS Amounts in millions FY17 to FY18 = 6.45% growth 413 500 388 361 400 325 315 300 200 100 0 FY14 FY15 FY16 FY17 FY18 Budget Budget Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 13

  14. RECOMMENDED USE OF FUND BALANCE Estimated June 30, 2018 Appropriated for use in FY18 Balance as a Fund Budget Percent of FY18 Budget OPERATING FUNDS: GSD * General Fund $49,809,300 5.9% USD ** General Fund $0 5.5% Schools Fund $19,059,900 5.7% DEBT SERVICE FUNDS: GSD * Debt Service Fund $900,000 5.3% USD ** Debt Service Fund $4,080,400 9.5% Schools Debt Service Fund $1,400,000 5.8% *GSD - General Services District **USD - Urban Services District Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 14

  15. BUDGETED FUND BALANCE Amounts in millions 120 100 73.9 75.2 72.5 71.9 80 45.0 60 40 20 0 FY14 FY15 FY16 FY17 FY18 Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 15

  16. WHERE THE MONEY GOES Infrastructure & Education Transportation 40% 5% Recreation & Culture Debt Service 4% 12% Health & Social Services 4% Other General Government 2% 12% Public Safety 21% Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 16

  17. WHERE THE MONEY GOES $119.1 MILLION • Debt Service - $40.6 million  $29.2 million in normal operating debt service  $11.4 million in reserves for future debt service • Schools - $36.0 million • Compensation - $18.1 million (GSD/USD) • Operations - $24.4 million* * Net change Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 17

  18. SELECTED RECOMMENDATIONS BY PRIORITY AREA

  19. EMPLOYEE INVESTMENTS* Total Pay Plan Increase - $18.1 million* • Increments for eligible employees (effective increment date) • 2% for open range increases (effective July 1) • 2% COLA (effective July 1) Metro Council/Vice Mayor Improvements • $7,000 per member increase effective after the next election (as recommended by the Civil Service Commission) * GSD/USD and subsidized accounts and internal service funds Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 19

  20. EMPLOYEE INVESTMENTS Three Year Pay Plan Recommendation Increments COLA Open Range FY2018 Y 2% 2% FY2019 Y 3% 3% FY2020 Y 3% 3% Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 20

  21. OTHER EMPLOYEE INVESTMENTS • Health and Dental Benefits • Paid Family Medical Leave • Employee Financial Wellness Counselor • Tuition Assistance Pilot • Shift Differential Pay Increase of 10¢ • $100 Increase in Uniform Allowance for Police and Fire Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 21

  22. SCHOOLS $879,299,700 Operating $94,371,300 Debt Service $36 million and 4.3% over FY17 $10 million and 11.8% over FY17 Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 22

  23. SCHOOLS OPERATING BUDGET $36 million • Employee Compensation and Benefits - $16 million  COLA, step increases, and benefits • Other - $20 million Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 23

  24. SCHOOLS OPERATING & DEBT SERVICE Amounts in millions Operating Debt Service 1200 774.0 816.0 866.4 888.0 927.7 973.7 678.9 665.8 716.7 1000 94.4 84.4 78.0 76.4 800 69.6 53.6 42.6 58.2 32.4 600 879.3 843.3 810.0 400 790.1 746.4 720.4 674.0 633.3 620.8 200 0 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 24

  25. TRANSPORTATION & INFRASTRUCTURE • MTA - $49 million  $7 million improvement • Eliminates transfer fees, grant matching, local bus passes for residents experiencing homelessness, access ride and mobility on demand pilots including crosstown connections and after hours service, extension of the Music City Circuit to TSU campus along the Jefferson Street corridor to promote economic revitalization • Public Works - $1.5 million  Annexation, roving trash truck, downtown glass recycling, contractual increases Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 25

  26. METRO TRANSIT AUTHORITY SUBSIDY Amounts in millions 60 49.0 50 42.0 40.0 36.4 40 33.4 29.4 26.3 30 23.0 19.1 17.5 20 10 0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 26

  27. AFFORDABLE HOUSING & HOMELESSNESS • Barnes Fund - $10 million (continuing commitment) • Housing Incentive Pilot Program - $2 million • Veterans Affairs Supportive Housing Pilot - $165,000 • Social Services - $404,000  Outreach workers, warming shelter, direct assistance, indigent burials • Local Bus Passes for Residents Experiencing Homelessness - $225,000 Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 27

  28. COMMUNITY SUPPORT & ECONOMIC DEVELOPMENT • Arts - $500,000 • Parks - $1 million • Codes - $1 million • Historic Preservation Trust Fund - $250,000 • Public Health - $334,000 • Create Conservation Assistance Commission Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 28

  29. PUBLIC SAFETY • Fire - $1.9 million  Full funding for EMS Medic units started in FY17  New fire recruits and inspectors (14 FTEs) • Police - $4.0 million  70 new officers due to Nashville’s growth • 48 for precincts • 22 for community policing Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 29

  30. JUSTICE SYSTEM ENHANCEMENTS • Steering Clear - A drivers’ license diversion program • Veterans’ Treatment Court • Drug Treatment Court • Mental Health Court • Social Workers • Investigators • Domestic Violence Support Mayor Megan Barry Metropolitan Government of Nashville and Davidson County 30

Download Presentation
Download Policy: The content available on the website is offered to you 'AS IS' for your personal information and use only. It cannot be commercialized, licensed, or distributed on other websites without prior consent from the author. To download a presentation, simply click this link. If you encounter any difficulties during the download process, it's possible that the publisher has removed the file from their server.

Recommend

June 13, 2017 Budget Approval Timeline BOE Adopts FY2018 Budget June 13 th * May 23 rd BOE Sets

June 13, 2017 Budget Approval Timeline BOE Adopts FY2018 Budget June 13 th * May 23 rd BOE Sets

Agenda 1. Budget Approval Timeline 2. Enrollment Projections 3. FY2018 Budget Update: Original Budget Presentation 4. FY2018 Millage Rate (2017) Appendix June 13, 2017 Budget Approval Timeline BOE Adopts FY2018 Budget June 13 th * May 23 rd BOE

443 views • 32 slides
New Jersey Institute of Technology FY2018 Operating and Capital Budgets Approved by Board of

New Jersey Institute of Technology FY2018 Operating and Capital Budgets Approved by Board of

New Jersey Institute of Technology FY2018 Operating and Capital Budgets Approved by Board of Trustees July 20, 2017 FY2018 Operating and Capital Budgets Contents FY2018 Proposed Operating Budget- Executive Summary Pages 2-6 Revenue Budget

496 views • 17 slides
Budget Presentation FY2018 Special Thanks Dr. Alan Parks

Budget Presentation FY2018 Special Thanks Dr. Alan Parks

Budget Presentation FY2018 Special Thanks Dr. Alan Parks Worked on E&G Budget and inputting info for all BOR Reports Colette Long

315 views • 16 slides
Bangchak Corporation Plc. Opportunity Day FY2018 March 1 st , 2019 Bangchak Corporation Plc.

Bangchak Corporation Plc. Opportunity Day FY2018 March 1 st , 2019 Bangchak Corporation Plc.

Bangchak Corporation Plc. Opportunity Day FY2018 March 1 st , 2019 Bangchak Corporation Plc. FY2018 Performance Summary BCP Group Portfolios FY2018 Key Takeaways Refinery & Trading Marketing 2018 Crude Run meet the budget (102 KBD) and

586 views • 36 slides
FY2018 Budget Development Preview HART Board of Directors Meeting May 1, 2017 Budgetary

FY2018 Budget Development Preview HART Board of Directors Meeting May 1, 2017 Budgetary

FY2018 Budget Development Preview HART Board of Directors Meeting May 1, 2017 Budgetary Pressures for FY2018 Continued increases in Decrease in Fund Balance personnel fringes and Cash Flow since 2014 of $10,400,000 and Fund liability costs

307 views • 6 slides
EDUCATION ACCOUNTS FOR JUST 2% OF ALL FEDERAL SPENDING Source: FY2018 OMB Budget CEF: 05/26/17

EDUCATION ACCOUNTS FOR JUST 2% OF ALL FEDERAL SPENDING Source: FY2018 OMB Budget CEF: 05/26/17

EDUCATION ACCOUNTS FOR JUST 2% OF ALL FEDERAL SPENDING Source: FY2018 OMB Budget CEF: 05/26/17 LABOR-HHS-EDUCATION FUNDING IS 31% OF NONDEFENSE DISCRETIONARY (NDD) (FY 2017 budget authority in billions, by appropriations bill) 1% 0% Labor,

224 views • 9 slides
New Jersey Institute of Technology FY2018 Budget Development Public Hearing July 12, 2017 New

New Jersey Institute of Technology FY2018 Budget Development Public Hearing July 12, 2017 New

New Jersey Institute of Technology FY2018 Budget Development Public Hearing July 12, 2017 New Jersey Institute of Technology Overview of the FY2018 Budget Development Process A collaborative, transparent FY18 budget development process

204 views • 18 slides
Budget Scenario Planning FY2018 FY2020 December 14, 2016 Presenter: David Bea, Ph.D.

Budget Scenario Planning FY2018 FY2020 December 14, 2016 Presenter: David Bea, Ph.D.

Budget Scenario Planning FY2018 FY2020 December 14, 2016 Presenter: David Bea, Ph.D. Facilitator: Anthony U. Martinez, J.D. www.pima.edu www.pima.edu Overview of Study Session Foundational information Budget scenarios

424 views • 30 slides
Q2 FY2018 EARNINGS Q2 FY2018 Net Revenue of Rs. 3,421 mn; up 8.6% from Rs. 3,148 mn in Q1

Q2 FY2018 EARNINGS Q2 FY2018 Net Revenue of Rs. 3,421 mn; up 8.6% from Rs. 3,148 mn in Q1

Q2 FY2018 EARNINGS Q2 FY2018 Net Revenue of Rs. 3,421 mn; up 8.6% from Rs. 3,148 mn in Q1 FY18 Q1 FY2018 Aerospace & Defence segment revenue of 26% o Rs. 898 mn; up 27.4% from Rs. 705 mn 22% last quarter 51% 57% 20% Hydraulics

440 views • 20 slides
Decision on FY2018 budget April Gordon Director, Financial Planning and Procurement Board of

Decision on FY2018 budget April Gordon Director, Financial Planning and Procurement Board of

Decision on FY2018 budget April Gordon Director, Financial Planning and Procurement Board of Governors meeting General Session December 14, 2017 The budget development timeline extends from July through December. Previous Events Date

345 views • 13 slides
McLaren FY2018 Results April 25, 2019 2 2 | McLaren FY2018 Results Highlights 3 | McLaren

McLaren FY2018 Results April 25, 2019 2 2 | McLaren FY2018 Results Highlights 3 | McLaren

McLaren FY2018 Results April 25, 2019 2 2 | McLaren FY2018 Results Highlights 3 | McLaren FY2018 Results Automotive Racing Applied Technologies FY2018 FY2018 was a record year for production with 4,863 vehicles delivered in comparison

835 views • 35 slides
FY2018 BUDGET PRESENTATION MELISSA BAILEY, COMMISSIONER January 12, 2017 "THERE IS NO

FY2018 BUDGET PRESENTATION MELISSA BAILEY, COMMISSIONER January 12, 2017 "THERE IS NO

FY2018 BUDGET PRESENTATION MELISSA BAILEY, COMMISSIONER January 12, 2017 "THERE IS NO HEALTH WITHOUT MENTAL HEALTH." 1 DEPARTMENT OVERVIEW 20 MIN RESULTS BASED ACCOUNTABILITY (RBA) 20 MIN DEPARTMENTAL BUDGET 60 MIN

446 views • 32 slides
Unified Judicial System FY2018 Budget Hearing January 23, 2017 David Gilbertson - Chief Justice

Unified Judicial System FY2018 Budget Hearing January 23, 2017 David Gilbertson - Chief Justice

Unified Judicial System FY2018 Budget Hearing January 23, 2017 David Gilbertson - Chief Justice of the Supreme Court Greg Sattizahn - State Court Administrator Aaron Olson - Director of Budget & Finance January 23, 2017 UJS FY18 Budget

389 views • 23 slides
Vermont Information Technology Leaders, Inc. FY2018 Budget Review March 30, 2017 1 Agenda

Vermont Information Technology Leaders, Inc. FY2018 Budget Review March 30, 2017 1 Agenda

Vermont Information Technology Leaders, Inc. FY2018 Budget Review March 30, 2017 1 Agenda FY18 Scope of Work - Steady State FY18 Out of Scope FY18 Budget Methodology FY18 Assumptions FY18 Budget Next Steps Request

479 views • 23 slides
Purpose Provide an Overview of the FY2018 Recommended Budget Revenue Estimates

Purpose Provide an Overview of the FY2018 Recommended Budget Revenue Estimates

Purpose Provide an Overview of the FY2018 Recommended Budget Revenue Estimates Expenditures Fire Protection & Law Enforcement Service Districts Community Service Grants Education & Literacy Funding Next Steps 2

589 views • 36 slides
Foundation Allowance: $7,781/FTE FY2018 ($7,631) + $150 Calculation of Blended Count

Foundation Allowance: $7,781/FTE FY2018 ($7,631) + $150 Calculation of Blended Count

Fiscal Year 2018-2019 Budget Adoption June 18, 2018 General Fund Budget Assumptions Foundation Allowance: $7,781/FTE FY2018 ($7,631) + $150 Calculation of Blended Count 90%/10% 90% Fall, 2018 / 10% Spring, 2018 Student

590 views • 21 slides
Municipal TIF Basics Maine Department of Economic and Community Development 59 State House

Municipal TIF Basics Maine Department of Economic and Community Development 59 State House

Municipal Tax Increment Financing Municipal TIF Basics Maine Department of Economic and Community Development 59 State House Station Augusta, Maine 04333 Municipal Tax Increment Financing Brian S Hodges, Director of Tax Incentive Programs

587 views • 24 slides
The Tax Abatement Process Barry Wood Assessment Division Director December 2018 Todays

The Tax Abatement Process Barry Wood Assessment Division Director December 2018 Todays

The Tax Abatement Process Barry Wood Assessment Division Director December 2018 Todays Session Will Cover Basic definitions. How the taxpayer and the designating body establish an abatement. How the taxpayer claims the deduction.

1.01k views • 69 slides
2017-19 Revenue Forecast March 9, 2017 Pam Sharp, Director Office of Management and Budget

2017-19 Revenue Forecast March 9, 2017 Pam Sharp, Director Office of Management and Budget

2017-19 Revenue Forecast March 9, 2017 Pam Sharp, Director Office of Management and Budget Taxable Sales and Purchases (2017-2019 Forecast) 2 2015-17 General Fund Revenues Revised March 2017 Comparison of January 2017 Legislative

199 views • 8 slides
The Fiscal 2004 Appropriations (In Millions) FY2003 FY2004 % Change Adjusted Approp. to

The Fiscal 2004 Appropriations (In Millions) FY2003 FY2004 % Change Adjusted Approp. to

STATE OF NEW JERSEY The Fiscal 2004 Appropriations (In Millions) FY2003 FY2004 % Change Adjusted Approp. to Adjusted Approp. Act Approp. Opening Surplus $ 265 $ 250 (5.7)% Revenues Income 6,800 7,130 4.9% Sales 5,945 6,165

396 views • 11 slides
FY 2018 Budget Workshop Summary June 20, 2017 Purpose To provide the Board with an overview of

FY 2018 Budget Workshop Summary June 20, 2017 Purpose To provide the Board with an overview of

FY 2018 Budget Workshop Summary June 20, 2017 Purpose To provide the Board with an overview of the FY 2018 Budget Presentation Outline June 1 st Best Estimate of Property Values Budget Workshops Summary Constitutional Budgets

731 views • 37 slides
2019 B&V Insights June 4, 2019 The Briar Club Tax Cuts & Jobs Act Updates Presented By

2019 B&V Insights June 4, 2019 The Briar Club Tax Cuts & Jobs Act Updates Presented By

2019 B&V Insights June 4, 2019 The Briar Club Tax Cuts & Jobs Act Updates Presented By Jason Sanders, CPA Briggs & Veselka Co. Tax Shareholder & Department Chair 3 Parking Fringe Benefits Tax Cut & Jobs Act Amended

879 views • 76 slides
2018 TAX REFORM WORKSHOP PLAN N I N G F O R I N D I VI D U ALS N O VEM BER 12, 2018 1

2018 TAX REFORM WORKSHOP PLAN N I N G F O R I N D I VI D U ALS N O VEM BER 12, 2018 1

11/14/2018 1 Whats in the new tax law? WHAT WELL COVER TODAY Example Tax Scenarios Pre and Post Tax 2 Reform 3 What questions can we help with? 2018 TAX REFORM WORKSHOP PLAN N I N G F O R I N D I VI D U ALS N O VEM BER 12,

542 views • 14 slides
Payroll Information August 2019 Combined Degree Matrics Presented By: Tiffany Brooks BGS

Payroll Information August 2019 Combined Degree Matrics Presented By: Tiffany Brooks BGS

Payroll Information August 2019 Combined Degree Matrics Presented By: Tiffany Brooks BGS Payroll Manager When are we paid? Graduate Students are paid Monthly on the last business day of each month : 8/30, 9/30,10/31, 11/29,12/31 etc.

190 views • 18 slides

More recommend