Kane County Auditor FIVE PRESENTATION POINTS 1. EZ-Budgeting as an - PowerPoint PPT Presentation

Executive Committee April 3, 2013 Kane County Auditor

FIVE PRESENTATION POINTS 1. EZ-Budgeting as an alternative to ZBB. 2. General Fund Revenues components. 3. Ten Year Kane County Tax Extension History 2003 through 2012 (unaudited). 4. Adopted General Fund Revenues by type for fiscal year 2013. 5. Public Service Announcement.

FIVE STEPS TO UNDERSTANDING THE EZ-BUDGET PROCESS 1. THERE IS FIXED AMOUNT OF REVENUE CREATED BY THE PROPERTY TAX LEVIES 2. WHEN IT IS GONE IT IS GONE 3. YOU CAN CHASE IT 4. YOU CAN WRESTLE FOR IT 5. REFER TO STEP 2 HERE’S HOW IT WORKS IN LESS THAN 30 SECONDS…PAY ATTENTION.

STEP 1 – PROPERTY TAXES MAKE UP THE SINGLE LARGEST COMPONENT OF THE KANE COUNTY GENERAL FUND REVENUES

STEP 2 – THE COUNTY MUST MAKE SOUND FINANCIAL DECISIONS ON A TIMELY BASIS

STEP 3 – WITH LIMITED FUNDS AVAILABLE DEPARTMENTS PRESENT BUDGET OPTIONS TO FUND THE SERVICES THEY PROVIDE

STEP 4 – THERE IS NEVER ENOUGH MONEY TO FUND EVERY WORTHWHILE PROJECT

STEP 5 – ONCE THE GENERAL FUND BUDGET IS ADOPTED, EVERY DOLLAR OF TAX REVENUES HAS BEEN APPROPRIATED

IN REALITY BUDGETING IS A MUCH MORE COMPLEX PROCESS. THE FOLLOWING SLIDES ILLUSTRATE THE FUNDS INVOLVED WITH JUST THE PROPERTY TAX LEVIES IN THE KANE COUNTY BUDGET.

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $50,000,000 $40,000,000 Other Funds (Combined)* Capital Improvement Debt Service Fund County Health Fund County Highway Fund $30,000,000 Social Security Fund IMRF Fund Insurance Liability Fund $20,000,000 General Fund $10,000,000 $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 General Fund $31,740,343 $10,000,000 $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $50,000,000 $40,000,000 $3,767,925 Insurance Liability Fund $30,000,000 General Fund $20,000,000 $10,000,000 $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $50,000,000 $40,000,000 $6,242,230 IMRF Fund Insurance Liability Fund $30,000,000 General Fund $20,000,000 $10,000,000 $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $50,000,000 $3,303,029 Social Security Fund $40,000,000 IMRF Fund Insurance Liability Fund $30,000,000 General Fund $20,000,000 $10,000,000 $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $50,000,000 County Highway Fund $4,992,645 Social Security Fund IMRF Fund $40,000,000 Insurance Liability Fund General Fund $30,000,000 $20,000,000 $10,000,000 $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $1,965,374 County Health Fund $50,000,000 County Highway Fund $40,000,000 Social Security Fund IMRF Fund $30,000,000 Insurance Liability Fund General Fund $20,000,000 $10,000,000 $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $1,009,484 Capital Improvement $50,000,000 Debt Service Fund County Health Fund $40,000,000 County Highway Fund Social Security Fund $30,000,000 IMRF Fund $20,000,000 Insurance Liability Fund General Fund $10,000,000 $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 $698,617 Other Funds (Combined)* $50,000,000 Capital Improvement Debt Service Fund *Other funds combines County Health Fund $40,000,000 County Bridge Fund, County Highway County Highway Fund Matching Fund, $30,000,000 Veteran’s Commission Social Security Fund Fund and Recovery Zone Bond Construction IMRF Fund Funds. $20,000,000 Insurance Liability Fund $10,000,000 General Fund $0 2012

Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited) $60,000,000 Other Funds (Combined)* $50,000,000 Capital Improvement Debt Service Fund County Health Fund $40,000,000 County Highway Fund $30,000,000 Social Security Fund IMRF Fund $20,000,000 Insurance Liability Fund $10,000,000 General Fund $0 2012

KANE COUNTY TEN YEAR HISTORY COMBINED PROPERTY TAX LEVIES COUNTY FUNDS

Kane County – 10 Year History Combined Property Tax Levies Extended - County Funds $60 $50 $40 Millions $30 $20 $10 $0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 General Fund Insurance Liability Fund IMRF Fund Social Security Fund County Highway Fund County Health Fund Capital Improvement Debt Service Fund* Other Funds (Combined)** *Capital Improvement Debt Service Fund did not exist prior to 2006. **Other funds combines County Bridge Fund, County Highway Matching Fund, Veteran’s Commission Fund and Recovery Zone Bond Construction Funds

AS MENTIONED EARLIER PROPERTY TAXES MAKE UP THE BIGGEST COMPONENT OF KANE COUNTY GENERAL FUND REVENUES. THE FOLLOWING SLIDES ALSO ILLUSTRATE THE OTHER SOURCES OF BUDGET FUNDS.

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 Transfers $70,000,000 Other Combined $60,000,000 Reimbursements $50,000,000 Fines $40,000,000 Charges for Services $30,000,000 Other Taxes $20,000,000 Property Taxes $10,000,000 $0 Fiscal Year 2013

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 General Fund portion only - $70,000,000 Excludes Property Tax allocations to $60,000,000 Special Funds $50,000,000 $40,000,000 $30,000,000 $20,000,000 $31,470,802 Property Taxes $10,000,000 $0 Fiscal Year 2013

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 $70,000,000 $60,000,000 $50,000,000 $18,600,000 Other Taxes $40,000,000 Includes Sales $30,000,000 Tax, Income Tax, Local Use Tax, $20,000,000 Property Taxes Personal Property Replacement Tax, $10,000,000 etc. $0 Fiscal Year 2013

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 $70,000,000 $60,000,000 $13,494,604 Charges for Services $50,000,000 Includes General Circuit Division $40,000,000 Fees, Recording Other Taxes Fees, Chancery $30,000,000 Foreclosure Fees, Cable Franchise Fees, etc. $20,000,000 Property Taxes $10,000,000 $0 Fiscal Year 2013

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 $70,000,000 Fines $3,844,500 Includes Back $60,000,000 Taxes – Interest and Penalty, Bond $50,000,000 Charges for Services Forfeiture Fines, Second Chance $40,000,000 Fines, Eviction Fines, etc. Other Taxes $30,000,000 $20,000,000 Property Taxes $10,000,000 $0 Fiscal Year 2013

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 Reimbursements $4,626,033 $70,000,000 Includes $60,000,000 reimbursements Fines for Probation Salary, Board and $50,000,000 Care, Youth Charges for Services Home, etc. and $40,000,000 salary reimbursements $30,000,000 for Supervisor of Other Taxes Assessments, $20,000,000 State’s Attorney, and Public Property Taxes $10,000,000 Defender. $0 Fiscal Year 2013

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 $1,080,063 Other Combined $70,000,000 Includes various Reimbursements $60,000,000 licenses and permits, grants, interest revenue $50,000,000 Fines and other miscellaneous $40,000,000 items. Charges for Services $30,000,000 Other Taxes $20,000,000 Property Taxes $10,000,000 $0 Fiscal Year 2013

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 $931,451 Transfers $70,000,000 Includes transfers Other Combined $60,000,000 in from other funds. Reimbursements $50,000,000 Fines $40,000,000 Charges for Services $30,000,000 Other Taxes $20,000,000 Property Taxes $10,000,000 $0 Fiscal Year 2013

Kane County Fiscal Year 2013 Adopted General Fund Revenue $80,000,000 Transfers $70,000,000 Other Combined $60,000,000 Reimbursements $50,000,000 Fines $40,000,000 Charges for Services $30,000,000 Other Taxes $20,000,000 Property Taxes $10,000,000 $0 Fiscal Year 2013

PUBLIC SERVICE ANNOUNCEMENT May is a month filled with holidays and special events. May Day, Cinco de Mayo, the Kentucky Derby, Mother’s Day, Armed Forces Day, the Indianapolis 500 and Memorial Day all have their very own day. As you are no doubt aware, May is also International Internal Audit Awareness Month . This PSA is simply a courtesy reminder that it is not too early to begin shopping for a greeting card for your favorite auditor. Occasionally the local card shop owners fail to order enough Internal Audit Awareness Month cards to meet the overwhelming demand. So, you are advised to plan ahead, and avoid those long lines of last minute shoppers.