Monmouth County Board of Chosen Freeholders 1 2 Purposes County - - PowerPoint PPT Presentation

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Monmouth County Board of Chosen Freeholders

2010 Budget Presentation

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General Property Taxes 2009

Municipal Purposes 23% County Purposes 17% Schools 60%

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Cost savings efforts – 2008 to present

Fulfilled 100% of pension obligation for 2009, not opting

to take the state authorized reduction

Suspended employee tuition reimbursement program

unless contractually required

Capped increase in allocations to educational institutions

at 4% (Brookdale & Vocational schools)

Instituted Shared Services agreement with Middlesex

County for Medical Examiner’s services

Eliminated “summer youth” program Reduced individual department allocations Changed county employee healthcare administrators

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Cost savings efforts – 2008 to present

Instituted a county-wide hiring freeze for non-essential

• positions. Each vacancy is reviewed to determine if the

position can be abolished, consolidated or reduced to part-time

Froze wages of 1,087 non-union county employees at

2008 levels

Proposed wage freeze to 2,414 county employees in

bargaining units / Units that did not accept freeze underwent layoffs

Net impact ($3,038,743) County workforce reduced by 248 full-time workers 34 part-time workers

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2010 Budget preparation actions

Departments requested to submit 2010

budget with 5% reduction

Shared Services agreement with Middlesex

County to house the juveniles from the YDC

Looking for new sources of revenue Anticipate capital surplus as a direct offset

to the debt service

Anticipate increased 911 fees as a result of

a new Shared Services formula

Shifting expenses in operating budget to

capital budget

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2010 Financial situation

County revenues down

Real estate recording Interest income One-time reserves used in 2009

Fixed costs continue to increase

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Fixed Costs

2009 2010

Insurance $ 56,186,950 $ 63,000,000 State Rebate Costs $ 25,525,374 $ 25,604,780 Pension $ 32,450,000 $ 34,750,000 Debt Service $ 48,095,712 $ 49,717,468 Total $162,258,036 $173,072,248 Increase in 4 categories above $ 10,814,212 Estimated union contractual obligation $ 2,953,000 Total increase in fixed costs $ 13,767,212

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$105.0 $119.3 $126.6 $129.0 $127.4 $100.0 $105.0 $110.0 $115.0 $120.0 $125.0 $130.0 2006 2007 2008 2009 2010

Monmouth County’s Ratable base

in billions

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Year Adopted Budget Dollar Increase Budget Percent Increase Budget Raised by Taxation Dollar increase Tax Levy Percent Increase Tax Levy 1999 $315,241,549.58 $193,900,000.00 2000 $335,231,758.88 $19,990,209.30 6.34% $201,529,528.00

$7,629,528.00 3.93%

2001 $351,846,971.61 $16,615,212.73 4.96% $218,585,192.00

$17,055,664.00 8.46%

2002 $376,321,895.37 $24,474,923.76 6.96% $236,020,000.00

$17,434,808.00 7.98%

2003 $392,441,251.85 $16,119,356.48 4.28% $250,251,000.00

$14,231,000.00 6.03%

2004 $415,955,391.77 $23,514,139.92 5.99% $260,752,374.00

$10,501,374.00 4.20%

2005 $435,548,908.96 $19,593,517.19 4.71% $269,650,000.00

$8,897,626.00 3.41%

2006 $457,032,323.51 $21,483,414.55 4.93% $278,540,000.00

$8,890,000.00 3.30%

2007 $471,854,000.00 $14,821,676.49 3.24% $286,504,000.00

$7,964,000.00 2.86%

2008 $481,114,000.00 $9,260,000.00 1.96% $286,504,000.00

$0.00 0.00%

2009 $487,500,152.00 $6,386,152.00 1.33% $294,784,152.00

$8,280,152.00 2.89%

2010* $496,000,000.00 $8,499,848.00 1.74% $305,500,000.00

$10,715,848.00 3.64%

* Proposed budget as of 02/08/10

Budget Increases 1999 - present

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Adopted budget 1999- 2010(proposed)

$0 $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7 2 8 2 9 2 1 Adopted Budget Raised by taxation

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Annual budget change 1999 – 2010(proposed)

0.01 0.02 0.03 0.04 0.05 0.06 0.07 0.08 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

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Budget Overview

2009-2010 Financial Comparison

2009 Budget 2010 Budget $487,500,152 $496,000,000 Increase 1.74% $ 8,499,848

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Financial Highlights

Nam e 2 0 0 9 2 0 1 0 Difference

General Governm ent

$8,211,660 $7,397,989 ($813,671)

Land Use Adm inistration

$136,385 $130,655 ($5,730)

Code Enforcem ent & Adm inistration

$2,161 $1,375 ($786)

I nsurance

$56,186,950 $63,000,000 $6,813,050

Public Safety Functions

$15,056,285 $15,552,062 $495,777

Public W orks Functions

$14,119,624 $12,947,310 ($1,172,314)

Hum an Services & Health

$57,086,484 $58,947,390 $1,860,906

Expenditures (1 of 3)

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Nam e 2 0 0 9 2 0 1 0 Difference

Parks & Recreation Functions

$1,679,098 $1,679,098

Education Functions

$ 45,134,840 $44,894,032 ($240,808)

Other Com m on Operating Functions

$ 85,080 $ 8,339 ($76,741)

Utility Expenses & Bulk Purchases

$13,575,000 $ 12,608,200 ($966,800)

Contingent

$ 169,930 $ 160,000 ($9,930)

Statutory Expenditures

$ 32,450,000 $ 34,750,000 $2,300,000

Federal & State Grants

$ 13,331,302 $12,545,211 ($786,091)

Financial Highlights

Expenditures (2 of 3)

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Nam e 2 0 0 9 2 0 1 0 Difference

Capital I m provem ents

$3,100,000 $2,750,000 ($350,000)

Debt Service

$48,095,712 $49,717,468 $1,621,756

Deferred Charges Salaries & W ages

$25,000 $179,054,641 $178,910,871 ($25,000) ($143,770)

Totals

$487,500,152 $496,000,000 $8,499,848

Financial Highlights

Expenditures (3 of 3)

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Revenues

Nam e 2 0 0 9 2 0 1 0 Difference

Fund Balance

$44,850,000 $44,850,000

Miscellaneous Revenues

$49,091,868 $46,557,765 ($2,534,103)

Monm outh County Care Centers

$23,700,000 $24,215,000 $515,000

Total State & Federal Revenues Offset W ith Appropriations

$12,031,302 $11,245,211 ($786,091)

New Jersey State Aid

$ 48,973,610 $50,011,241 $1,037,631

Other Special I tem s

$ 14,069,220 $13,620,783 ($448,437)

Am ount to be raised by taxation – County Purpose Tax

$ 294,784,152 $305,500,000 $10,715,848

Total

$ 487,500,152 $496,000,000 $8,499,848

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Revenue Shift

9,574,283

• 3,298,068
• 1,429,909
• 314,283

1,404,068

• 786,091

10,996,000 10,715,848

Other Revenue Grant Revenue Tax Revenue 2008 2009 2010

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100 200 300

Amount in millions

2 0 0 9

$294,784,152

2 0 1 0

$305,500,000 Increase of 3.6 % or $ 10,715,848

2009 2010

Tax Levy

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Monmouth County’s Bond Rating

1999 to 2009

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2009 County Comparisons

77.97% 75.99% 75.86% 75.82% 74.19% 72.76% 72.38% 72.02% 71.78% 71.31% 70.70% 67.20% 66.41% 63.13% 63.03% 60.94% 60.53% 60.47% 59.89% 57.87% 52.43%

0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% 80.00%

Ocean Atlantic Middlesex Somerset Camden Mercer Burlington Hunterdon Passaic Gloucester Bergen Morris Sussex Cape May Salem Warren Cumberland Monmouth Union Hudson Essex

Amount to be Raised as Percentage of Total Budget

Source: NJ County Finance Officers

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2009 County Comparisons

0.8662 0.8457 0.5593 0.5097 0.4940 0.4937 0.4500 0.3830 0.3784 0.3381 0.3307 0.3098 0.2878 0.2652 0.2650 0.2540 0.2492 0.2285 0.1950 0.1820 0.1610

Salem Cumberland Camden Gloucester Warren Passaic Mercer Hudson Essex Union Sussex Burlington Hunterdon Somerset Middlesex Ocean Atlantic Monmouth Morris Bergen Cape May

Tax Rate per $100

Source: NJ County Finance Officers

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Budget Meetings

Presentations March 2 7 pm Monmouth County Library Headquarters, Manalapan March 9 7 pm Monmouth County Library Eastern Branch, Shrewsbury Scheduled Budget Adoption March 11 7 pm Hall of Records, Freehold

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Monmouth County Board of Chosen Freeholders

Lillian G. Burry, Director Robert D. Clifton, Deputy Director John D'Amico Amy A. Mallet John P. Curley

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