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Kane County Auditor FIVE PRESENTATION POINTS 1. EZ-Budgeting as an - - PowerPoint PPT Presentation
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.
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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.
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STEP 1 – PROPERTY TAXES MAKE UP THE SINGLE LARGEST COMPONENT OF THE KANE COUNTY GENERAL FUND REVENUES
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STEP 2 – THE COUNTY MUST MAKE SOUND FINANCIAL DECISIONS ON A TIMELY BASIS
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STEP 3 – WITH LIMITED FUNDS AVAILABLE DEPARTMENTS PRESENT BUDGET OPTIONS TO FUND THE SERVICES THEY PROVIDE
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STEP 4 – THERE IS NEVER ENOUGH MONEY TO FUND EVERY WORTHWHILE PROJECT
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STEP 5 – ONCE THE GENERAL FUND BUDGET IS ADOPTED, EVERY DOLLAR OF TAX REVENUES HAS BEEN APPROPRIATED
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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.
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$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
Other Funds (Combined)* Capital Improvement Debt Service Fund County Health Fund County Highway Fund Social Security Fund IMRF Fund Insurance Liability Fund General Fund
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$31,740,343
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
General Fund
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$3,767,925
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
Insurance Liability Fund General Fund
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$6,242,230
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
IMRF Fund Insurance Liability Fund General Fund
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$3,303,029
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
Social Security Fund IMRF Fund Insurance Liability Fund General Fund
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$4,992,645
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
County Highway Fund Social Security Fund IMRF Fund Insurance Liability Fund General Fund
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$1,965,374
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
County Health Fund County Highway Fund Social Security Fund IMRF Fund Insurance Liability Fund General Fund
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$1,009,484
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
Capital Improvement Debt Service Fund County Health Fund County Highway Fund Social Security Fund IMRF Fund Insurance Liability Fund General Fund
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$698,617
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
Other Funds (Combined)* Capital Improvement Debt Service Fund County Health Fund County Highway Fund Social Security Fund IMRF Fund Insurance Liability Fund General Fund *Other funds combines County Bridge Fund, County Highway Matching Fund, Veteran’s Commission Fund and Recovery Zone Bond Construction Funds.
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$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 2012
Kane County Property Tax Levels Extended - Fiscal Year 2012 (Unaudited)
Other Funds (Combined)* Capital Improvement Debt Service Fund County Health Fund County Highway Fund Social Security Fund IMRF Fund Insurance Liability Fund General Fund
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KANE COUNTY TEN YEAR HISTORY COMBINED PROPERTY TAX LEVIES COUNTY FUNDS
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*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
$0 $10 $20 $30 $40 $50 $60 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Millions
Kane County – 10 Year History Combined Property Tax Levies Extended - County Funds
General Fund Insurance Liability Fund IMRF Fund Social Security Fund County Highway Fund County Health Fund Capital Improvement Debt Service Fund* Other Funds (Combined)**
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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.
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$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Transfers Other Combined Reimbursements Fines Charges for Services Other Taxes Property Taxes
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$31,470,802
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Property Taxes General Fund portion only - Excludes Property Tax allocations to Special Funds
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$18,600,000
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Other Taxes Property Taxes Includes Sales Tax, Income Tax, Local Use Tax, Personal Property Replacement Tax, etc.
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$13,494,604
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Charges for Services Other Taxes Property Taxes Includes General Circuit Division Fees, Recording Fees, Chancery Foreclosure Fees, Cable Franchise Fees, etc.
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$3,844,500
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Fines Charges for Services Other Taxes Property Taxes Includes Back Taxes – Interest and Penalty, Bond Forfeiture Fines, Second Chance Fines, Eviction Fines, etc.
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$4,626,033
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Reimbursements Fines Charges for Services Other Taxes Property Taxes Includes reimbursements for Probation Salary, Board and Care, Youth Home, etc. and salary reimbursements for Supervisor of Assessments, State’s Attorney, and Public Defender.
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$1,080,063
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Other Combined Reimbursements Fines Charges for Services Other Taxes Property Taxes Includes various licenses and permits, grants, interest revenue and other miscellaneous items.
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$931,451
$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Transfers Other Combined Reimbursements Fines Charges for Services Other Taxes Property Taxes Includes transfers in from other funds.
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$0 $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 Fiscal Year 2013
Kane County Fiscal Year 2013 Adopted General Fund Revenue
Transfers Other Combined Reimbursements Fines Charges for Services Other Taxes Property Taxes
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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.
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SUGGESTED WORDING FOR PROCLAMATION (DRAFT SUBJECT TO CHANGE) WHEREAS, internal auditing is a vital part of strengthening organizations and protecting stakeholders of both the public and private sectors; and WHEREAS, internal auditing helps identify and manage the organization’s risks and ensure policies, procedures, and controls are in place and working appropriately; and WHEREAS, internal auditing is an increasingly sophisticated and complex activity requiring specialized knowledge, training, and education; and WHEREAS, internal auditing is an established profession, led by The Institute of Internal Auditors, with a globally recognized code of ethics and International Standards for the Professional Practice of Internal Auditing; and WHEREAS, the contribution of internal auditors to the success of organizations and the global economy at large deserves our recognition and commendations; NOW THEREFORE, I Chris Lauzen, Kane County Board Chairman, do hereby proclaim the Month of May as International Internal Audit Awareness Month, I hereby extend greetings and best wishes to all observing International Internal Audit Awareness Month, and I invite the citizens of Kane County to join me in recognizing professional internal auditors for the contributions. IN WITNESS THEREOF, I have here unto set my hand this 14th day of May, in the year 2013.
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