Millage Rate Presentation Henry County Government Henry County - - PowerPoint PPT Presentation

Millage Rate Presentation Henry County Government

Henry County Budget Highlights Fiscal Year 2017-2018

FY 16-17 FY 17-18 AS % OF ADOPTED BUDGET ADOPTED BUDGET

PROPERTY TAXES $76,483,922 $82,777,958 53.63%

SALES & USE TAXES 33,989,420 35,364,849 22.91% LICENSES & PERMITS 2,681,718 3,097,646 2.01% INTERGOVT GRANTS 927,541 1,064,440 .69% CHARGES FOR SERVICE 14,812,022 16,060,930 10.41% FINES & FORFEITS 4,229,964 5,033,609 3.26%

• MISC. REVENUES

2,893,191 3,154,156 2.04% OTHER SOURCES 1,157,160 1,166,409 .76% TOTAL REVENUES $137,174,938 $147,719,997 FUND BALANCE USEAGE 5,385,280 6,637,274 4.30% TOTAL SOURCES $142,560,218 $154,357,270 100.00%

Henry County General Fund Sources of Revenue

Recap of FY-18 Adopted Budget

• FY17 Adopted Budget = $142,560,218
• FY17 Amendments = $2,552,714
• FY17 Budget w/amendments = $145,112,932

– (no capital included)

• FY18 Additional Operational Needs= $9,244,338
• FY 18 Adopted Budget: $154,357,270

– (no capital included) – FY18 Initial Dept. Request = $201,355,548 included $32,490,853 in Capital Request

Excess Fund Balance Review

Remaining FY 2016 Balance = 11,195,200 FY18 Needs =

• 6,637,274

Balance = 4,557,926 Needed for FY 2018 25% FB

• 2,947,404

FY 2016 Ending Balance 1,610,522

General Fund New ly Adopted FY 18 Budget Items

• Health Insurance

4,306,480

• Salaries for the Rec. Center/Sr Services Hampton

282,936

• Salaries for Fire Dept. Station 15 & 16

1,764,390

• Additional Allocation of Library Funding

500,000

• New Positions

482,810

• Salary Increases(Non-Public Safety) 2% 776,397
• Salary Increases(Public Safety) 1% + 1%

961,096

• Salary Increases(Certifications for Public Safety)

500,000 TOTAL 9,574,109

THE MILLAGE

What the budget did not include

Millage Options to be considered

2016 Actual Millage Rate 12.733 This option would generate 81,274,608 in tax collections and would result in a (123,815) shortfall to the budget. The use of FB for the FY-18 budget would be $9,708,493 w/ 25%. This option will result in future budgets using 6,761,089 from FB if revenues remain the same or decrease

Staff proposed 2017 Millage Rate 13.733 This option would generate 87,836,608 in tax collections and would result in reducing the use of FB to 199,089 in the budget

HOME VALUE

150,000 $ 225,000 $ 40% 40%

TAXABLE VALUE

60,000.00 $ 90,000.00 $

HOMESTEAD

15,000.00 $

• $

TAXED ON

45,000.00 $ 90,000.00 $

CHANGE IN MILLAGE

1.635 1.635

ADDITIONAL TAX

73.57 $ 147.15 $

100% ROLLBACK MILLAGE

12.098

PROPOSED MILLAGE

13.733

INCREASE MILLAGE

1.635 13.51%

2017 Millage Proposed Above 100% Tax Rollback

HOME VALUE

150,000 $ 225,000 $ 40% 40%

TAXABLE VALUE

60,000.00 $ 90,000.00 $

HOMESTEAD

15,000.00 $

• $

TAXED ON

45,000.00 $ 90,000.00 $

CHANGE IN MILLAGE

1.635 1.635

ADDITIONAL TAX

73.57 $ 147.15 $

100% ROLLBACK MILLAGE

12.098

PROPOSED MILLAGE

13.733

INCREASE MILLAGE

1.635 13.51%

==========================================================

BREAKDOWN OF PERCENTAGE INCREASE FROM:

100% ROLLBACK MILLAGE

12.098

2016 MILLAGE

12.733 FROM:

INCREASE FOR +1 MILL

1.000 8.27% TOTAL 13.51%

INCREASE FOR NO 100% ROLLBACK

0.635 5.25%

2017 M 7 Milla lage P ge Propos posed ed Above 1 e 100% T % Tax R x Rollbac back k

Impact on $150,000 & $250,000 Homeow ner- 12.733 Mills With Homestead (Count nty P Portion O ion Only)

Value of Home 150,000 $ 250,000 $ 40% 60,000 $ 100,000 $ Homestead Exemption (15,000) $ (15,000) $ Taxable Value 45,000 $ 85,000 $ County Tax Rate 12.733 12.733 County Tax 572.99 $ 1,082.31 $

Impact on $150,000 & $250,000 Homeow ner- 13.733 Mills w ith Homestead (Count nty P Portion O ion Only)

Value of Home 150,000 $ 250,000 $ 40% 60,000 $ 100,000 $ Homestead Exemption (15,000) $ (15,000) $ Taxable Value 45,000 $ 85,000 $ County Tax Rate 13.733 13.733 County Tax 617.99 $ 1,167.31 $ Increase over 12.733 45.00 $ 85.00 $

2017 TOTAL MILLAGE RATE BREAKDOWN at 2016 MILLAGE RATES

Component Millage Rate % of Total

County 12.733 33.2% School M & O 20.000 52.1% School Bond 3.628 9.5% Water 2.000 5.2% Total 38.361 100.0%

Total School 61.6%

2017 TOTAL MILLAGE RATE BREAKDOWN WITH COUNTY 2016 RATE + 1 MILL

Component Millage Rate % of Total

County 13.733 34.9% School M & O 20.000 50.8% School Bond 3.628 9.2% Water 2.000 5.1% Total 39.361 100.0%

What Services Use the Millage 12.733

Services FY 2018 Millage Budget %

Public Safety 53.8% 6.853 Legislative & Executive 13.1% 1.667 Judicial 11.4% 1.450 Public Works 8.0% 1.025 Health & Welfare 4.3% 0.553 Culture & Recreation 4.3% 0.551 Debt;Development Authority 2.9% 0.365 Housing & Development 2.1% 0.269 Total 100.0% 12.733

WHAT SERVICES USE THE MILLAGE- 13.733

Services FY 2018 Millage Increase Budget % from 12.733

Public Safety 53.8% 7.391 0.538 Legislative & Executive 13.1% 1.798 0.131 Judicial 11.4% 1.564 0.114 Public Works 8.0% 1.105 0.080 Health & Welfare 4.3% 0.596 0.043 Culture & Recreation 4.3% 0.595 0.043 Debt;Development Authority 2.9% 0.393 0.029 Housing & Development 2.1% 0.291 0.021 Total 100.0% 13.733 1.000

Services Percent of Share of Total L & E L & E Millage

Technology 17.8% 0.319 Facilities Maintenance 16.3% 0.293 Tax Assessor 14.8% 0.267 Tax Commissioner 13.8% 0.247 Risk Management 8.2% 0.147 Elections 5.2% 0.094 Finance 5.0% 0.089 County Manager 4.4% 0.079 Board of Commissioner 4.0% 0.072 Human Resources 3.6% 0.065 Procurement 2.2% 0.039 Public Relations 2.0% 0.036 County Attorney 1.8% 0.033 County Clerk 0.9% 0.016 TOTAL 100.0% 1.798

Breakdow n of Legislative & Executive Millage by Department

ALLOCATION OF TAX DOLLARS On $150,000 home X 40% value = $60,000 12.733 County Millage w ith Std. Exemptions ALLOCATION OF TAX DOLLARS On $150,000 home X 40% value = $60,000 13.733 County Millage w ith Std. Exemptions

Property Value Cost - $150,000 (13.733 Millage Rate)

AS % FY 2017-2018 of Total Yearly Cost Per Day Cost Adopted Budget Budget

• Legislative & Executive

$ 76.65 $ 0.21 $ 19,146,109 12.40%

• Unallocated Cost 30.37 0.08

7,584,529 4.91%

• Judicial System 66.66 0.18 16,649,209 10.79%
• Public Safety 314.28 0.86

78,498,394 50.86%

• Public Works 48.14 0.13

12,024,578 7.79%

• Health & Welfare 25.80 0.07

6,443,893 4.17%

• Culture & Recreation 26.06 0.07 6,509,296 4.22%
• Housing & Development 12.33 0.03 3,080,169 2.00%
• Other Uses

17.70 0.05 4,421,093 2.86%

• Total

$ 617.99 $ 1.68 $154,357,270 100.00%

Public Safety Property Tax Cost Home Value $150,000 (13.733 Millage Rate)

AS % FY 2017-2018 of Total Yearly Cost Per Day Cost Adopted Budget Budget

• Police

$ 84.05 $ 0.230 $ 20,995,252 13.60%

• EMS/Fire Department 112.50 0.308

28,099,022 18.20%

• EMA

1.36 0.004 339,331 .22%

• Public Safety Communication 1.68 0.005

420,288 .27%

• Sheriff Administration 48.22 0.132 12,043,457 7.80%
• Jail Operations

56.38 0.154 14,081,321 9.12%

• Other Public Safety

10.09 0.028 2,519,723 1.63%

• Total

$ 314.28 $ 0.861 $ 78,498,394 50.84%

ALLOCATION OF TAX DOLLARS On $250,000 home X 40% value = $100,000 13.733 County Millage w ith Std. Exemptions ALLOCATION OF TAX DOLLARS On $250,000 home X 40% value = $100,000 12.733 County Millage w ith Std. Exemptions

Property Value Cost - $225,000 (13.733 Millage Rate)

AS % FY 2017-2018 of Total Yearly Cost Per Day Cost Adopted Budget Budget

• Legislative & Executive

$ 127.76 $ 0.35 $19,146,109 12.40%

• Unallocated Cost 50.61 0.14

7,584,529 4.91%

• Judicial System 111.10 0.30 16,649,209 10.79%
• Public Safety 523.80 1.44

78,498,394 50.86%

• Public Works 80.24 0.22

12,024,578 7.79%

• Health & Welfare 43.00 0.12

6,443,893 4.17%

• Culture & Recreation 43.43 0.12 6,509,296 4.22%
• Housing & Development 20.55 0.06 3,080,169 2.00%
• Other Uses

29.50 0.08 4,421,093 2.86%

• Total

$ 1,029.98 $ 2.82 $154,357,270 100.00%

Public Safety Property Tax Cost

Home Value $225,000 (13.733 Millage Rate)

AS % FY 2017-2018 of Total Yearly Cost Per Day Cost Adopted Budget Budget

• Police

$ 140.08 $ 0.384 $ 20,995,252 13.60%

• EMS/Fire Department 187.50 0.514

28,099,022 18.20%

• EMA

2.26 0.006 339,331 .22%

• Public Safety Communication 2.80 0.008

420,288 .27%

• Sheriff Administration 80.36 0.220

12,043,457 7.80%

• Jail Operations

93.96 0.257 14,081,321 9.12%

• Other Public Safety

16.81 0.046 2,519,723 1.63%

• Total

$ 523.78 $ 1.435 $ 78,498,394 50.84%

QUESTIONS

Public Hearings

July 20, 2017 @ 9:30 am July 20, 2017 @ 6:30 pm Millage Rate Set July 27, 2017 @ 9:30 am

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017-12. 2017-13. DIGEST $6,211,251 $6,776,901 $6,722,848 $5,709,864 $5,331,737 $4,641,027 $4,715,220 $5,217,433 $5,654,458 $6,179,670 $6,561,999 $6,561,999

$4,500,000,000 $5,000,000,000 $5,500,000,000 $6,000,000,000 $6,500,000,000

HENRY COUNTY PROPERTY TAX DIGEST 2007-2017

DIGEST

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017-12. 2017-13. MILLAGE 11.200 10.969 10.969 11.750 11.750 14.500 14.497 14.298 13.873 12.733 12.733 13.733 10.500 11.000 11.500 12.000 12.500 13.000 13.500 14.000 14.500 15.000

HENRY COUNTY MILLAGE TAX RATE 2007 - 2017 (TWO PROPOSED RATES)

MILLAGE